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In 2009, the Public Sector Equitable Compensation Act was enacted to address equal pay for work of equal value within the federal public sector in a more proactive and timely way. The new approach is: Proactive. Employers are required to proactively ensure compensation is equitable, either through equitable compensation plans for non-unionized ...
Feb 22, 2022 · Public sector employers are also required to report compensation for senior and executive employees that have an annualized base salary of $125,000 or more. Compensation for excluded employees may include: base salary. holdback or bonus. statutory and health benefits and Pension contributions other allowances and/or payments which may include ...
Finally, if the Board is still not satisfied with the response of the employer and the bargaining agent, it may do its own assessment and require the employer, or the employer and the bargaining agent, to pay the complainant a lump sum as compensation and to modify the collective agreement to ensure that employees in the job class receive equitable compensation for the remainder of the term of ...
Feb 23, 2018 · The PSEC Secretariat plays a central role in coordinating excluded and executive compensation, which accounts for approximately 18 percent of B.C.’s public sector compensation costs. The PSEC Secretariat works with employers to promote a cost-conscious approach to recruitment and retention of excluded and executive leaders through consistent and appropriate compensation levels and practices.
In British Columbia, organizations defined by the Public Sector Employers Act are statutorily required to disclose all compensation that is paid to the Chief Executive Officer (CEO) and the next four highest ranking or highest paid executives with decision-making authority earning an annualized base salary of $125,000 or more during a fiscal year.
(2) A non-unionized employee of that job group may, in the prescribed manner, within the prescribed period after the day on which the employer provides the employee with the report, request that the employer take appropriate steps to provide him or her with equitable compensation within a reasonable time if the employee is of the opinion that ...
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Are public sector employees required to report compensation?
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Why was the public sector equitable compensation act created?
What is the public sector equitable compensation act (pseca)?
If employees receive payments in addition to their basic pay as automatic rewards, employers should report these as bonus pay. Compensation for working additional hours should be reported as overtime pay. Employers should report bonuses for the calendar year they are paid to the employee, even when the bonus was earned in a previous the ...
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