Often, part-time workers don’t receive the non-statutory benefits that full-time workers receive. As a result, they often don’t have the same deductions from their paycheques.The best examples of these discretionary benefits are contributions to retirement savings plans and medical and prescription benefits.This can mean a higher net pay for part-time workers than if they had to pay the deductions—but they also don’t receive the benefits.
It can be difficult to find a job. Unemployment can cause a lot of stress for a person. It can lower the person’s self-confidence and self-esteem. It can lead to feelings of depression. If you experience these kinds of personal problems, visit DayPlanner web site – Link #178.
There are a number of different types of businesses in Canada. A sole proprietorship is owned by a single individual (this is often a small business and the most common type of business in Canada).A partnership is owned and operated by two or more people or groups working according to a business agreement.A corporation is a “legal entity” and owned by shareholders.A co-operative is owned by members of the co-op. Learn more
There are a number of terms used to describe when a worker has lost his or her job.A worker who is fired, or terminated, loses his/her job because the employer decides that the worker has not done a good job, has made a serious mistake, or has done something illegal. You can also be “let go” if you do not meet the terms of your contract—or if the company no longer requires your position. An employer must have a good reason for firing an employee. If there is not a good reason, the employee can claim “wrongful dismissal” and take the employer to court.
Canada’s labour force is made up of all the people who are 15 years of age or older and who are either employed or unemployed.According to Statistics Canada, Canada’s labour force including both sexes in April 2012 was approximately 18.8 million (17.5 million employed and 1.3 million unemployed). Learn more
A privately owned business (owned by an individual, partners, or shareholders) will try to earn a profit to stay in business. A business will incur costs to produce goods and services and will earn revenues from the sales. If the revenues are greater than the costs, the business makes a profit.A business will need to make a reasonable profit to stay in business or else the owners will seek out some other form of work in order to generate the return on their investments of time and capital that they desire. Learn more
When a business is selling less of its products or services, it usually makes less money or loses money. In such times, the business may cut back on how much it produces. This often means fewer workers are required. Some workers may be “laid off” as a result of the “cutbacks” or “downsizing” of the company.The loss of jobs may be temporary or permanent depending on how well the company does thereafter.
Canada’s unemployment rate represents the percentage of people in the labour force (those 15 years of age and older) who want to work, are looking for work, but cannot find a job. Learn more According to Statistics Canada, in February 2013 there were 8,556,800 men 25 and over in Canada’s labour force, and 7,628,700 women 25 and over, and 2,843,400 youth ages 15 to 24.The unemployment rate for men was 6%, and for women 5.7% and for youth 13.6%.
Anyone who wishes to is free to try to start a business in Canada so long as it fits within the laws and regulations that govern business activity. Starting a business is not easy, but it can be very rewarding. It is important to have experience and to understand what will be involved. A business needs a good business plan and enough money to support it.A business must also provide a product or service that enough people will want to buy so that the business can make a profit. Learn more
When a business experiences a difficult period, it may need fewer workers.At such times, it may lay off workers.This means the workers may come back if or when things improve.The business may also give severance to workers if the job is over permenantly.Visit DayPlanner web site – Link #174 for more information.