Demographics

List of Terms you will find:  

  • Hourly Wage: The wage rate, expressed in dollars and cents, paid to the employee per hour as of December 31, 2005. Does not include benefits, overtime, incentive payments, etc. Also does not include any base salaries expressed as hourly rate equivalents.
  • Actual Bonus: The total direct additional lump-sum payments on top of base salary or hourly earnings received by the employee during 2004. Bonuses are generally paid in accordance with predetermined employee performance measures and are typically paid once or twice a year.
  • Starting (or Apprentice) Hourly Wage: The hourly wage offered to a new graduate or an apprentice with no prior experience.
  • Actual Total Cash: The sum of Base Salary or Hourly Wage and Actual Bonus for each incumbent.
  • Starting (or Apprentice) Base Salary: The annual salary offered to a new graduate or an apprentice with no prior experience.
  • Salary & Hourly Rate Combined: The combination of salary paid and hourly paid incumbents. All hourly paid incumbents have been normalized to an annual earning based on the standard hours worked per week provided for that incumbent.
  • Group Benefits Plan: Indicates the percentage of organizations and incumbents that offer a Group Benefit Plan that is paid in whole, or in part, by the organization. Group benefits in this case would include benefits such as Extended Health, Dental, Group Life, Short-term Disability, Long-term Disability, etc.
  • Group Retirement Plan: Indicates the percentage of organizations and incumbents that offer a Group Retirement Plan. A Group Retirement Plan would include one or more of Group RRSP, Defined Contribution, or Defined Benefit plans.
  • # Org’s: The number of organizations that provided data for the particular survey field.
  • # Incum: The number of incumbents matching the job in organizations that provided data for the particular survey field.

NOTES:

  • Wages:
    Aon Consulting Inc. conducted for the Ontario Investment and Trade Services a wage survey focusing on a selection of 30 occupations. The survey used a combination of mail and telephone practices for a sample of establishments in Ontario having more than 7 employees.
    The wages are for union and nonunion workers.
    The objective of the survey was to produce estimates that sufficiently approximate the actual average wage rate for the surveyed occupations.
    For the data samples the low, average and high data points were calculated.
  • Benefits:
    For the survey of occupations, Aon Consulting Inc. asked employers specific questions regarding which benefits applied.
    The table illustrates the percentage of firms that apply the specific benefit to their firm.

*Complied by Aon Consulting in 2006.

 

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