Glossary
Salary
is direct compensation/pay calculated at an annual or monthly rate rather than by hour.
Salary Survey
is a gathering and summarizing of compensation information paid by employers for various jobs in the labour market. Salary information is often used to price benchmark jobs, and it is used to compare salary levels in an organization to external jobs.
Seniority
is the length of time an employee has been with an organization. It is compulsory in a unionized setting when considering promotions and lay-offs.
Short-term Disability Plan
is an employer-sponsored plan that provides income protection for the employee due to non work-related illness or disability. It takes effect after sick days have been spent and earnings have ceased and continues until the employee returns to work or when the employee qualifies for long-term disability.