cover image: PAY TRANSPARENCY - Silver bullet or kryptonite? - A Whitepaper for CPA Ontario

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PAY TRANSPARENCY - Silver bullet or kryptonite? - A Whitepaper for CPA Ontario

9 Aug 2022

Specifically, management told Howe, the captain of the team and one of the league’s best players, that he was the highest-paid player in the entire league when he was not even the top-earner on the Red Wings.5 1 Fox, M. [...] The Government of Ontario’s legislation requires organizations to report group-level pay transparency information to the government and to post this information online or in the workplace.7 However, the planned 2020 implementation of the Ontario Pay Transparency Act was halted after the 2018 election for further public consultation.8 Government of Canada’s Pay Equity Act—which includes pay transpa. [...] Knowing the income distribution of the team, with five players making 55% of the team’s payroll, would you make pay information transparent? How would you communicate this to the less well-paid players? What about the media and fans? Potential consequences of pay transparency Satisfied employees are likely to be productive employees. [...] After the debacle in the 2021 Stanley Cup Playoffs, the Toronto Maple Leafs has kept the same salary structure and made the playoffs again as one of the top seeds. [...] 10 Pay transparency: silver bullet or kryptonite? | A Whitepaper for CPA Ontario Pay Transparency: silver bullet or kryptonite? Summary Introduction What is pay transparency? Current policies on pay transparency Will pay transparency improve equity? Potential consequences of pay transparency Maximizing the benefits of pay transparency Beyond pay transparency.
Pages
10
Published in
Canada