Alberta and Quebec Are the Only Provinces in Canada to Have

question 6

True/False

Alberta and Quebec are the only provinces in Canada to have mandatory training laws for companies with payrolls greater than $1 million.

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Definitions:

Skill-Based Pay

A compensation system where an employee's pay is based on the variety, depth, and complexity of skills and knowledge they can bring to their job, rather than their job title or position.

Informal Reward Programs

Programs or strategies not formally documented within an organization that recognize and reward employees' contributions in non-monetary or indirectly monetary ways.

Flexible Benefits

A benefits plan allowing employees to choose from a range of options, tailoring their benefits package to meet personal needs.

Profit-Sharing Plans

A company incentive program where employees receive a portion of the company's profits in addition to their regular salary.