Choose three of the following changes that may be negotiated in a collective agreement and provide an example of how each would impact the payroll department. • Timing of changes . • Changes to salaries, wages, overtime rates Paid absences · Group benefits Retroactive payment dates • Method of payment for retroactive adjustment

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Choose three of the following changes that may be negotiated in a collective agreement and
provide an example of how each would impact the payroll department.
• Timing of changes
•
•
•
•
•
Changes to salaries, wages, overtime rates
Paid absences
Group benefits
Retroactive payment dates
Method of payment for retroactive adjustment
Transcribed Image Text:Choose three of the following changes that may be negotiated in a collective agreement and provide an example of how each would impact the payroll department. • Timing of changes • • • • • Changes to salaries, wages, overtime rates Paid absences Group benefits Retroactive payment dates Method of payment for retroactive adjustment
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