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REMINDER – Minimum wage increase June 1, 2014

REMINDER – CHANGE IN MINIMUM WAGE IN ONTARIO JUNE 1, 2014

The minimum wage in Ontario is increasing effective June 1st, 2014.

The new rates are as follows:

General                       $11.00 per hour

Student                        $10.30 per hour

Liquor servers             $9.55 per hour

Homeworkers             $11.28 per hour

This rate increase may also impact employees compensated by commission as their total remuneration for a period must be no less than the minimum wage multiplied by the number of hours worked.

June 1st 2014 is a Sunday.  This may or may not fall at the beginning of a pay period.  If June 1st is not at the beginning of a pay period you may have some hours in this period at the former minimum wage rate and some at the new rate.  You should consider how this will impact your payroll preparation.  You will need to ensure you have the accurate details to property calculate the earnings for the transition pay period.  If you use a payroll provider ensure you understand how you will need to provide this information to them.

You should also consider how the minimum wage increase impacts other employee’s compensation.  For example, does the rate of a supervisor accurately reflect their additional responsibilities over another staff member who is earning minimum wage?  Your entire pay rate scale may need to be adjusted.

For more information, please visit the Ministry of Labour website at http://www.labour.gov.on.ca/english/es/pubs/guide/minwage.php

 

This entry was posted on Friday, March 14th, 2014 at 2:50 pm and is filed under Accounting News, Community Events, Information for Charities and Not for Profits. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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