Compensation & Benefits

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Commonly Asked Questions about Compensation & Benefits

What are regular benefits in Canada?

Employment Insurance (EI) provides regular benefits to individuals who lose their jobs through no fault of their own (for example, due to shortage of work, or seasonal or mass lay-offs) and are available for and able to work, but cant find a job.

What does a compensation and benefits clerk do?

Complete, verify and process forms and documentation for administration of benefits such as pension plans, leaves, share savings, employment and medical insurance. Prepare payroll related filings and supporting documentation, such as year-end tax statements, pension, Records of Employment and other statements.

What are the employee benefits in Canada?

Mandatory employee benefits in Canada include pension, legislated and parental leaves, PTO, and employment insurance. Common supplementary employee benefits include retirement, healthcare, voluntary and flexible benefits, healthcare spending accounts, gyms, and corporate wellness programs.

Is compensation the same as benefits?

Compensation refers to the monetary payment an employee receives for their work. Benefits are non-monetary rewards provided to employees in addition to their salary. Compensation is typically fixed and structured, such as hourly wages or annual salary.

What is Canadian income benefits?

5. Income Programs Canada Pension Plan Disability Benefit - Overview. Employment Insurance (EI) and voluntarily leaving. Employment Insurance Regular Benefits. Employment Insurance Sickness Benefits. GAINS: Ontario Guaranteed Annual Income System. Ontario Disability Support Program Income Support.

What are Canada compensation benefits?

Mandatory Employee Benefits in Canada Pension. Employment Insurance. Workers compensation insurance. Extended health care. Supplementary pension. Additional paid days off. Maternity and parental leave. Wellness programs.

What is the job description of compensation and benefits?

As a Compensation and Benefits specialist, you will be responsible for overseeing, managing and administering our employees rewards, perks and benefits. Your role will be extremely important as you will be developing programs that to improve performance, engagement and satisfaction of our employees.

What is the average salary in Canada for compensation?

Compensation Specialist salaries in Canada The estimated total pay for a Compensation Specialist is $91,473 per year, with an average salary of $83,381 per year.