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A Guide to Calculating Pensionable Earnings for Employers

Employee Benefits

For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. Explaining pensionable earnings Pensionable earnings are crucial for employers in determining the amount to be paid into their employees pensions. It encompasses all the additional earnings mentioned above.

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Here’s Why Pre-employment Background Checks Exist

HR Digest

Easing those concerns is exactly what pre-employment background checks are for. A pre-employment background check plays an important role in allowing companies to save valuable time and money that could otherwise be spent on ‘bad eggs.’ Here’s why pre-employment backgrounds checks are so important: . Employment history.

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How to Manage Pay Equity in the Workplace

HR Digest

According to the Equal Employment Opportunity Commission, each employee should have the same rights, no matter of origin, color, race, or sexual orientation. Thanks to social media, companies’ websites, and people’s experiences, we can now know what the salaries are for certain positions. Gather the necessary data .

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Defining and implementing employment equity in the workplace

Business Management Daily

When prospecting new employment opportunities, modern job seekers are looking for a lot more than just money. Employment equity is also huge for modern job seekers, as they want the companies they work for to emphasize diversity, equity, and inclusion (DEI). What is equity in the workplace?

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Are wages or salary fully covered by workers’ compensation insurance?

Workers' Compensation Perspectives

She likes the variety of assignments offered by the employer, which is building her experience in the industry. Canadian jurisdictions using Net earnings as the basis for calculating compensation use Gross earnings less Federal Tax, Provincial Tax, Canada (or Quebec) Pension Plan contributions, and Employment Insurance premiums.

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Demystifying Compensation with Data-Driven Total Rewards Statements

15Five

Unfortunately, many potential candidates and existing employees don’t comprehend the total value of their compensation package outside of salary alone. bonuses, commissions) Long-term incentives (e.g. Studies show that the average employee doesn’t fully understand their compensation package.

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Employee financial wellness: Why it matters in the workplace

Insperity

So, what can employers do to address these mostly external factors that can impact employee wellbeing? 59% of employees feel their salary has not maintained pace with the rising cost of living. Financial health is a significant concern in the relationship between employers and employees.

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