Some Tim Hortons Cancell Paid Breaks in Ont over wage hike
- Thread starter tay
- Start date
How many minimum wage jobs actually include benefits like insurance and RRSP matching?
As we have already mentioned, the health premium in Ontario is 1-2% depending on payroll.
Where on earth did I say it was 5-6%? I quoted you numbers on mandatory costs that I could think of off the top of my head. At this point we seem to be up to around 10%. What other costs are minimum wage employers realistically going to incur?
You can see the rate table yourself.
2014 Premium rates table
Of course, but does that make up the 10-20% of their salary in costs that we seem to be missing here?
Last edited:
Who says this is exclusively about min wage jobs here?
btw - you don't get insurance and something happens, you're potentially looking at a law suit.
You provided #'s for EI & CPP and pretended that is all there was mandated. That total came to just over 6%
On that note, you can't get your head around the idea that there are more costs than what YOU just see removed off your cheque.. Some mandated by gvt and others mandated by the marketplace (ie competition)
Any thoughts on what happens to those rates for each and every claim that is filed... Incidents and near-misses can affect it too.
Learn this sh*t yourself.. Google is your friend
See above.
Life is not as cut and dry as you think it is... You want to really learn? Put up some of your own cash and start a business. You'll find out really quick how the balance of the suggested % builds in no time at all.
Because minimum wage is what this thread is about and what the post was about when you responded.......
Lol, "CPP is 4.95%, EI is 2.632%(for the employer). What else are you talking about?"
First off, 4.95+2.632=.........6?
Second, it is a question. You can tell by that funny mark at the end.
So far in Ontario we have added up 4.95 for CPP, 2.632 for EI, 1.72% for WSIB, up to 1.95% for health tax.
That is a little over 11%. Again, what else is required?
You tell me. This is what the government says on their site. If you can find other rates, please show me.
What sort of business do you run?
I can see why you are on the receiving end of so much derision on these boards.
At no time did I state that this was exclusively about min wage in Ontario, but let's go with it all the same.
Not all WSIB (WCB) is pegged at 1.72%. Further, you have dodged the point of how those rates are affected with each claim (hint: they go way up). You have also ignored the non-mandated costs that every employer includes such as insurance, etc.
The 11% you 'found' in your uber-superficial analysis is just the start.
Like I have said many times now, ask the HR person where you work (or used to) and get the skinny directly from them
This should have been over in two posts.
"Doesn't this assume that they are actually providing benefits"
"Yes"
Done.
The mandatory stuff does add up, but it is nowhere near the number you quote. When you start adding stuff like life insurance, health insurance, pension, etc, it definitely can grow to that level and beyond though.
What kind of business do you run btw?
WCB isn't a bennie Einstein, nor is insurance of as Petros pointed-out, bonding.
You are such a clown
Lol, where did I claim it was?
How about we just put this to rest.
Do you think it actually costs 20-30% in direct costs on top of the employees salary if they don't provide any benefits(i.e. nothing beyond what is mandatory)?
Last edited:
His favorite sport......................
quit wasting your time:lol:
I hate to correct you (please don't kill me!), but minimum wage was $10.25.That's only a $0.75 increase, so it's not like it's a huge amount for the workers.
Lol, you're right, I was off by a quarter.
As to whether you live or die, well that depends very much on what you do next.