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the submission of reports to the Department of Labour. [28] The analysis described above must also contain a profile of the employer's workforce. [26] Using this profile, the employer must determine the degree of under-representation of people from designated groups in the various categories and levels. The employment-equity plan must include
Over the course of employment, a company generally issues employee stock options to an employee which can be exercised at a particular price set on the grant day, generally a public company's current stock price or a private company's most recent valuation, such as an independent 409A valuation [4] commonly used within the United States ...
Employment equity, as defined in federal Canadian law by the Employment Equity Act (French: Loi sur l’équité en matière d’emploi), requires federal jurisdiction employers to engage in proactive employment practices to increase the representation of four designated groups: women, people with disabilities, visible minorities, and Indigenous peoples. [1]
An Employee Stock Ownership Plan (ESOP) in the United States is a defined contribution plan, a form of retirement plan as defined by 4975(e)(7)of IRS codes, which became a qualified retirement plan in 1974. [1] [2] It is one of the methods of employee participation in corporate ownership.
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. [1]
In Canada, the Federal Contractors' Program (FCP) is administered by Employment and Social Development Canada, an agency of the Canadian federal government.The FCP requires provincially regulated employers with 100 or more employees bidding on federal contracts of $1,000,000 (originally $200,000) or more to certify that they will implement employment equity measures. [1]
Diversity themes gained momentum in the mid-1980s. At a time when President Ronald Reagan discussed dismantling equality and affirmative action laws in the 1980s, equality and affirmative action professionals employed by American firms along with equality consultants, engaged in establishing the argument that a diverse workforce should be seen as a competitive advantage rather than just as a ...
In contrast, pay equity, in the Canadian context, means that male-dominated occupations and female-dominated occupations of comparable value must be paid the same if within the same employer. The Canadian term pay equity is referred to as "comparable worth" in the US. For example, if an organization's nurses and electricians are deemed to have ...