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How can employees get ahead of the impact of interest rates on employment?To address this, we must first explore the connection between the two.Interest rates play a crucial role in employment as they are both lag indicators. Interest rates don’t increase in anticipation of inflation, but rather they rise because inflation exists.Employment trends don’t respond immediately to interest...

How can employees ensure that their aggregate compensation is being accounted for when calculating entitlements for sales or other high-compensation roles?Here are 3 key considerations:🔹Employment Standards Act MinimumsIt’s the employer’s responsibility to consider all compensation earned by an employee during the preceding 12-week period prior to contract termination. This includes any...

How employers can avoid racking up unnecessarily high fees when determining an employee’s severance entitlements:🔹 When calculating Employment Standards Act minimums, it’s necessary for employers to consider all forms of compensation earned by the employee over the preceding 12 weeks. This includes:Incentive pay, such as bonuses,commissions,restricted stock units or phantom stock...

“My employment contract states that I am a remote worker, technically that means I can work from anywhere, right?”The short answer to this question is: Not always.Many employers will stipulate in contracts that work can be completed remotely but expect that employees will come into the office for occasional meetings or visits, complicating the desired arrangement.Further, in Toronto where the...

Did you know that non-compete clauses are illegal in Ontario? Even before recent legislation deemed these agreements illegal, non-competes were rarely enforceable in practice. Here are two key reasons why: 🔹 Non-compete agreements restrict individuals from pursuing their chosen industry or career path which is neither desirable nor beneficial. This can be especially discouraging for...

Knowing your entitlements upon termination comes down to understanding the difference between statutory notice and common law notice.

Consider this: Your employer sits you down and hands you a termination letter. You’ve been fired. While you’re still processing the initial impact of job loss, they ask you to sign a release to receive the termination amounts outlined in the letter. A release section is the most obvious indicator that it’s time to contact a lawyer. Here’s why: Releases are not enforceable...

After historic rate highs, within two years of the first reduction, Bank of Canada rates have then fallen sharply and unemployment has risen significantly. Will this happen in Canada again?

We tend to see layoffs increase when banks announce higher interest rates, but what happens when rates are high and unemployment is low?

In Ontario, the manner of termination can be compensable where it causes the departing employee injury beyond the normal hurt feelings associated with the loss of employment.