|Submission Date||April 20, 2015|
Manager Total Compensation Services
These values represent current compensation status and offerings, as indicated by the Timeframe requirement in this credit.
Sheridan College is a unionized setting, and terms and conditions of employment are negotiated through collective bargaining processes (every 2 – 4 years on average). The 2 collective agreements are negotiated by OPSEU; therefore,there are several stakeholders and colleges that use this compensation standard. Our administrative employee’s compensation structure was developed in conjunction with a consulting firm that performed market research and custom surveys to create the compensation practices/policies
The College offers comprehensive and competitive programs of group pension, benefit plans and employee assistance programs.
For part time employees, Sheridan College maintains at least the minimum wages that is set up by the Ministry of Labour.
The standard used to assess compensation was the Canadian Low Income Cut-Off (LICO; http://www.statcan.gc.ca/pub/75f0002m/2011002/lico-sfr-eng.htm) for a family of four.
According to Statistics Canada, all 4 of Sheridan’s campus fall under the census metropolitan area (CMA) of Toronto. The 2011 census population of the Toronto, CMA was 5,583,064. Therefore, all campuses would be considered to be part of the “500,000 inhabitants or more” category in Table 2 of the Low income cut-offs (1992 base) before tax.
As per Table 2 (Low income cut-offs (1992 base) before tax), the 2011 Low-income cut off for a family of 4 is $43,292. For a person working 40 hours a week, this yearly wage translates to $20.81 per hour. AASHE indicates that sustainable compensation should be 120% of the low-income cut off value for a family of 4 (the additional 20% can come in the form of employee benefits). Therefore, employees without benefits should earn $24.98 ($20.81 x 1.2) in order to be earning a sustainable wage.
All employees covered by collective agreements and administrative guidelines receive the same benefits etc offered within their classification. Only salary related benefits such as life, AD&D and LTD may vary.
All part-time employees have the option of joining the same defined benefit pension plan as FT members and receive 4% vacation pay. They are not entitled to health benefits.
All temporary employees are considered part-time and; therefore, also have the option of joining the same defined benefit pension plan as FT members and receive 4% vacation pay. They are not entitled to health benefits.
Part-time teaching (exclusive of partial load employees) or Academic Non-Teaching have the option of joining the pension plan and their hourly rates are inclusive of vacation.
The lowest paid student employees have the option of joining the same defined benefit pension plan as FT members and receive 4% vacation pay. They are not entitled to health benefits.
Contractor information was collected from various departments and combined into one figure.