Determining how to pay employees and what to pay them can be a difficult decision for employers. In addition, there are many laws which govern how employees should be paid.
In Ontario, the Employment Standards Act provides for nine public holidays for which almost every type of employee is qualified regardless of how long they’ve been working.
This is how employees are paid, manually or through a system. The Payroll department or person is responsible for ensuring the direction they receive is translated into appropriate payment to the employees, within legal guidelines.
Perquisites are often referred to as ‘perqs’ or ‘perks’. This can be everything from a cell phone or company car to health club or golf memberships to tickets to a baseball game. Often a perk is a taxable benefit under the CRA.
Employee benefits often refer to the health benefits that an organization provides for their employees although it may include various types of insurance, pension and even wellness programs.
Choosing a good benefit provider can ensure that the organization saves money and gets excellent customer service. Each organization will differ in the primary reason for choosing the right provider for their organization. Often companies will use a benefit broker to assist in their search and determination of what provider to use.
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