Compensation
BC’s New Pay Transparency Act
For all BC employers, BC’s new Pay Transparency Act is now in effect. The purpose of the new legislation is to close the gender pay gap which is the first step towards pay equity. Pay equity means all are paid the same wage for the same job. When salary is transparent, as is the goal of pay transparency, it helps level the playing field. Pay transparency reduces entrenched biases around pay and is a concerted effort to close racial and gender pay disparity.
What is a Living Wage?
Living Wage is the regional-specific wage minimum that allows families to afford necessities including shelter and food, and participation in your community. It is based on a common family unit in BC of two full-time working parents and two children. Learn all about Living Wage, the benefits of a Living Wage, how it is invested in your community, and why you should consider a Living Wage in your region.
Unsure of where to start? Reach out to your regional HR Consultant today to discuss how to find value in becoming a Living Wage Employer and what that transition means for your business.
Compensation Philosophy & Benchmarking Wages
Determining what to pay your employees is a critical decision for your business. Benchmarking your wages gives you a strategic perspective that aligns with your business goals, needs and direction.
Employer Health Tax – what is it and how much will your business pay?
On January 1, 2019, the Employer Health Tax (EHT) was implemented in BC. The EHT is a payroll tax, calculated on employment income, including bonuses, commissions, tips paid through employers, employer RRSP contributions and many taxable benefits. Employers whose total annual payroll in BC is $500,000 or less need not pay EHT, and rates for… Continue reading Employer Health Tax – what is it and how much will your business pay?
Changes to Unpaid Leave Periods in British Columbia
Amendments to the Employment Standards Act (ESA) in 2019 and 2020 have introduced new job protected leave periods as set out below.
Caution: You Need To Pay Your Interns
Volunteers, practicum students and interns can serve in many capacities within an organization, greatly benefiting employers by bringing new energy and knowledge, and augmenting or extending the work of existing employees. Similarly, these individuals reap significant benefits by gaining valuable experience, skills and contacts. What is a volunteer, practicum student and intern?