HRdownloads Blog

Terms and Conditions Apply: Understanding Averaging Agreements

Posted by HRdownloads on Nov 14, 2019 2:45:00 PM

Working nine to five, five days a week, is not a schedule that all industries can adopt, because many jobs experience high and low periods that cannot be supported by a steady schedule. This is the case for many of the nearly 25% of the North American workforce whose jobs require shiftwork (according to the Canadian Centre for Occupational Health and Safety), as well as many seasonal workers in various industries.

Managing these types of schedules can be complicated, which is why averaging agreements exist to help better manage the pay that results from irregular hours of work. A common misconception about averaging agreements is that they are like flexible work schedules or even flex time, which is not the case.

Averaging agreements are legislatively governed agreements that an employer may enter into with an employee or a group of employees that average hours over two or more weeks rather than the standard single week for the purpose of determining overtime pay. The averaging agreement comes in response to irregular hours of work, but does not establish those hours. The primary benefit employers stand to gain from using averaging agreements is limiting the amount of overtime that is paid out.

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Topics: Compensation, HR Challenges

Money (That’s What They Want): Evaluating Your Pay System

Posted by HRdownloads on Oct 31, 2019 2:30:00 PM

Getting compensation right is important for every business. Employers know this and work hard to provide fair compensation to their employees, but a compensation strategy should encompass more than just the amounts you pay. There are other practical concerns that can interest employees and should be considered in addition to the raw figures.

When was the last time you looked at how you pay your employees—instead of just how much? What about how often you pay your employees? What about when? Many employers figure out their payroll system once and then only address it again if they have to, whether because of some catastrophic failure or somebody new coming in and asking important questions. Yet there’s no reason why employers should wait; the best time to examine payroll is before a problem arises.

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Topics: Compensation

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