Employees who earn pay for hourly work are referred to as salaried employees.

Salaried Employees

Workers who are paid a fixed regular amount by their employer, typically on a monthly or biweekly basis, regardless of hours worked.

Hourly Work

Work paid on an hourly basis.

Identify the variables affecting pay levels and compensation plans, in relation to market conditions and earnings performance.
Understand the legal and regulatory framework governing compensation, including employment standards acts and overtime regulations.

Verified Answer

Devan VercaigneNov 05, 2024

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Learning Objectives

Identify the variables affecting pay levels and compensation plans, in relation to market conditions and earnings performance.
Understand the legal and regulatory framework governing compensation, including employment standards acts and overtime regulations.