Compensation

Question 1

Legal

Answer 1

Labour standards act
Direct and indirect compensation

Canadian charter of rights and freedom
Equal pay for equal work

Pay equity act
Make sure there’s no salary gap caused by gender discrimination

Question 2

4 principles of equity

Answer 2

Internal
External
Individual
Collective

Question 3

Internal

Answer 3

Equity between salaries and requirement for similar or different jobs in org

Job analysis
Job description
Job evaluation

Question 4

Job evaluation

Answer 4

Qualifications and experiences
Responsibilities
Work environment
Intellectual and physical effort

Question 5

External equity

Answer 5

Choose benchmarket
Salary survey
Salary positioning
Salary range
Indirect compensation

Question 6

Individual equity

Answer 6

Equity with respect to salaries for individuals

Experience
Seniority
Performance
Competency

Question 7

Collective equity

Answer 7

Equity with respect to the compensation received by diff groups of employees in the organization

Pay plans for productivity or results

Question 8

Equity

Answer 8

Equal compensation for equal work