Staff Compensation Overview and Changes

This presentation covers the comparison between the old and new compensation packages for full-time field staff, highlighting changes in overtime, holiday pay, vacation accrual, and benefits like HSA, RRSP, and LTD. Reasons for the change, a saving option, and lessons learned are also discussed to ensure compliance, employee buy-in, and efficient management of staff compensation. Visual aids and data provide insights into average hours worked, overtime paid, and strategies for effective compensation practices.

• Compensation
• Benefits
• Overtime
• Staff
• HR

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Uploaded on Mar 01, 2025 | 0 Views

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Presentation Transcript

1. Staff Compensation Presented by Chris Mace

2. Old Compensation Package All full time field staff paid 40 hours per week Paid bi-weekly 1440 hours in the summer 640 hours in the winter Total of 2080 hours for the year Any hours over 2080 paid at hourly rate Hours under 2080 rolled over HSA and RRSP with 3% matching 2

3. New Compensation Package Hourly wage plus overtime Bi-weekly pay period Overtime equals 1.5 for hours worked over 88 in a pay period Stat holiday pay as per ESA regulations Vacation will be accrued as in the past: 4% for 2 weeks, 6% for 3 weeks etc. HSA, RRSP and LTD 3

4. Why Change? Ensure compliance with MOL by recognizing Overtime and Stat Holidays Enhances our ability to recruit staff by being a compensation leader in the industry Pay employees for hours they work Pay the right people the more money 4

5. Save $ Option Option to bank pay for the winter when less hours are worked This is not the same as banking hours staff are banking $ All earnings are processed in the pay period earned, all CRA deductions will have been paid. Staff are simply banking net $ over and above a pre determined amount 5

6. Lessons Learned Need to ensure employee buy in Budget for OT hours and stat holiday pay Provide real life case study scenarios based upon employees past hours worked Staggered start times: Crew leader vs Lead hand vs laborer Manage downtime (non billable hours) Average total hours worked for full time field staff in summer = 1,614 Average overtime hours paid for field staff in summer = 172 6

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