Pay Equity Consultants Saint-Félicien
Saint-Félicien, a small city in greater Saguenay-Lac-Saint-Jean Region, has a population of just over 10,000. This predominantly French-speaking area is home to a workforce of nearly 5,000 people, half full-time and half part-time workers. We support local businesses looking for employee benefits specialists and pay equity consultants in Saint-Félicien.
Saint-Félicien Labour Statistics
The largest industries in greater Saguenay-Lac-Saint-Jean Region are retail, manufacturing, healthcare and education, along with government employment. Local retailers employ over 700 people and healthcare organizations have approximately 600 professionals.
The local workforce is evenly split between men and women, though more men had full-time employment (1,500) compared to women (1,200). Interestingly, there are nearly three times as many women in administrative, business and financing occupations, while men make up the majority of transportation workers, equipment operators and manufacturing employees. This makes pay equity an important factor for companies in Saint-Félicien.
The Need for Pay Equity Consultants in Saint-Félicien
Even though Saint-Félicien isn’t as large as economic hubs like Montreal or Quebec City, local businesses in the Saguenay-Lac-Saint-Jean Region still have to comply with the Pay Equity Act. Companies that have at least 10 employees must ensure that female employees receive equal pay compared to their male coworkers.
Understanding exactly what the government expects of your business isn’t easy, especially because legislation can change over the years. The more workers you have, the greater the risk of someone accusing you of discriminatory work conditions. Not complying with the law can get you in hot water, potentially leading to large penalties.
Saint-Félicien Employment Details by Gender
Is unfair pay even a problem? The surprising answer is yes. In 2021, women in the region earned a full $10,000 less than men for similar work, only making $37,500 instead of $48,000.
In the finance industry, women make $39 an hour on average, but men make $45 for the same job. In retail, male workers average $27 an hour, three dollars more than women ($24).
The difference can add up. In a 40-hour work week, making three dollars extra means $120 more. That translates into $480 a month and nearly $6,000 a year. No wonder pay equity is one of the top factors potential employees care about when looking for a job.
The Benefits of Pay Equity for Your Business
As a business owner, HR manager, or enterprise executive, your first concern is probably your bottom line. Interestingly, experts say that pay equity programs are good for corporate profitability, not just for employees. Here are several benefits of implementing a pay equity plan for your business:
- Employee morale: Equitable pay helps employees feel valued and satisfied with work conditions.
- Worker loyalty: Workers are more likely to stay with your business and do a good job when you offer fair wages.
- Productivity: When your employees are happy, your business productivity, quality and output usually increase significantly.
- Labor cost reductions: You may actually save money by paying workers more because you avoid turnover, downtime and expenses related to hiring and training new employees.
- Brand reputation: Having a reputation for treating both male and female employees with respect can make a big difference for retailers and other businesses that sell products to the general public.
Of course, one of the main reasons companies in Quebec follow pay equity requirements is because of industry regulations. Working with pay equity consultants in Saint-Félicien can make life easier for your company and prevent legal problems.
Sources:
https://www.careerbeacon.com/en/canada/quebec/saint-felicien