How CPP Contributions Used to Work Employees and employers in Canada make Canada Pension Plan (“CPP’) contributions, and as of 2023, there’s a single annual ceiling of contributions of 5.95% for both employees and employers. This ceiling is officially called the “Year’s Maximum Pensionable Earnings“. The Government of Canada sets a new Year’s Maximum Pensionable …
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Introduction: All About Employee Retention Employee retention, defined as an organization’s ability to retain its employees over a specified period, has become a focal point in organizational studies. The significance of understanding and enhancing retention stems from the considerable costs associated with employee turnover, including recruitment expenses, lost expertise, and potential impacts on organizational morale. …
Every time you receive your paycheck, you may notice a term labelled ‘YTD’ various times on the pay stub. What exactly does this mean, you may have asked yourself? In short, YTD on a pay stub stands for “Year to Date”. More to the point, it means that the number correlated to where it says …
As part of your continuous efforts to improve the employee experience and retention within your organization, you may be keen to learn how conduct an effective exit interview. An exit interview is a tool to gather feedback, identify areas for improvement, and maintain a positive relationship with departing employees. Take the time to review the …