week 9 Flashcards
(97 cards)
why do companies offer ebenfits
to show employee that health and wellness is a priority show sense of care
* Support local community, can help attract, retain and decrease absenteeism, improve productivity
why beenfits importance has grown
- Importance benefits: grown seek more benefit than salary, aging workforce, labour shortage, cost increase
top benefit choices
o Majority want PTO
o Then increase in salary
o Employer contribution to RRSP
o Improved health coverage
o Wellness account
legally required beenfits
o EI
o CPP/QPP
o Worker comp
o Vacation and holiday
o Leave of absence
o Termination pay
what is EI
o Federal program and provide temp financial assistant to person who experience interruption to work no fault of their own
conditi9ns to collect EI
o Not payable when terminated for just cause or quit for no reason
o Must have paid into the account
Like if contractor then not qualify for EI
o Must be willing and able to work
o Cant leave the country must be available and willing to work
o Work min number of hours in specified time qualifying time
Paid in for number time before qualify
reasons to collect EI
- Reasons: Laid off; Terminated without just cause; Quit for
justifiable reason (harassment); Illness if sick days are exhausted;
Compassionate care leave; Maternity/paternity
maternity/paterntiy how to collect
Maternity choose 12 month or 18 months to collect EI
If choose 18 month receive same benefit but extend over 18 months, not more money just hold position for that time and spread out
Option for father to take leave parental leave instead of person who gave birth
Person gave birth must take certain amount of time at beginning then can choose which parent takes remainder of leave
Couple not recive more then 12 month payment but choose how split
May make more sense for father to take time off based on salry importance etc
12-18 months bc now both parents working and hard to find child care a lot better when have 18 months otherwise come back at 12 months and still have to deal with childcare. Must hold same everything for 18 months so no discrim
Unusual compared to USA like only 6 weeks
how to calc how much EI to get
o Get 55% avg of previous 20 weeks for 15-50 weeks
625$ not increase same rate as salary or inflation
pension plan when started for who and when to withdraw
o 1966 started
o For everyone in Canada who paid in
o For disability or retirement
o Can start draw when retire 60-70, age start collecting determine the amount, reduced if before 65
o If wait 70 get late retirement amount
does pension have survivor beenfit
yes for surviving spose
wrokers comp req who to pay in
employer
worker comp for what and who at fault
o Work related accident or illness
o No fault insurance policy
Suppose need wear glasses and don’t and then you off work, can you claim?–> yes still can because no fault policy
But employer will pay higher premium for more accidents so they need make sure are doing everything to ensure safety maybe with bonus for no accident
when to claim workers comp
right after injury
Very hard to do so if not, document accident that happen properly for workers comp
workers compensation price paid depends on
o Employer pays and dependant on industry and prior claims
what does workers comp cover
o Can be covered for lot of outcome if documented properly
o In event of death usually pay to surviving dependents
o Lots of benefit for chronic pain stress, burnout difficult to claim but been a lot more of themh
ow to control costs with workers comp
o Control cost: train safety, accident prevention
Return to work program: modified work to get off workers comp to do smth different
Reduce claim and future premium
what is req of employee after injury
o Required to cooperate with initiatives say no I don’t want return if doctor deemed this person can do
PTO for materntiy guranteed what
old or similar job
PTo covers what
encompassing maternity and paternity leave, holidays, vacations, breaks, and bereavement leave
PTO is paid for by
employers, can top up beenfits like EI
what is sub account
o Supplement unemployed benefit: when union give opp to collect EI but also collect from SUB account to bring income up to higher level
paid breaks required when
Req to provide uniterupted break once work set number of hours
Requirement is if employer req be available during break then foten will be a paid break. But if not required then doesn’t have to be paid
what is bereavment leave how does it vary and is it paid
after death family member
Some but not all jurisdiction
Amount time vary by jurisdiction and closeness of death
Typically, unpaid but maybe agreement maybe couple days that is paid