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RCO





Joined: 02 Mar 2009
Posts: 6711
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votes: 3
Location: Ontario

PostPosted: Fri Jan 27, 2017 8:45 am    Post subject: Ont Colleges told to rethink pay raises for executives Reply with quote

( another example of whats wrong with Ontario's public service , well average students struggle to pay off there loans and debt some of Ontario's colleges were thinking about giving huge pay raises to there highest paid executives )



Colleges told to rethink 50% pay raises for execs


The Canadian Press

First posted: Thursday, January 26, 2017 06:46 PM EST | Updated: Thursday, January 26, 2017 06:56 PM EST



TORONTO - Ontario colleges have been ordered to come up with new salary proposals for their presidents and other executives, after some institutions proposed pay hikes of 50 per cent.

The memo from the Liberal government comes at the same time a report says Ontario’s 24 public colleges face a cumulative debt of $1.9 billion over 10 years in an age of declining enrolment.

A public-sector wage freeze is expiring, and colleges are posting their executive compensation proposals under new rules that came into force in September.

The new legislation— introduced after years of complaints over generous salaries and severance packages for executives in the public sector — created new compensation frameworks that cap salary and performance-related payments, prohibits signing bonuses, retention bonuses and cash housing allowances.

But Advanced Education Minister Deb Matthews said Thursday that the proposals are “concerning,” particularly those that don’t compare salaries to other colleges or organizations of a similar size.

“I’m saying to the colleges: ’What you’ve presented so far doesn’t meet the test,”’ Matthews said. “I’m not going to do your job for you. Go back, you know your sector best, you know your communities best, come back with a framework that actually does meet the letter of and the spirit of the legislation.”

Some colleges have been using universities and hospitals as comparators.

Colleges Ontario president Linda Franklin said she doesn’t necessarily agree that those are unfair comparisons.

“I do think that these colleges have become very complex, very challenging organizations and the presidents have a great deal of decision-making authority,” she said.

But, she said, the colleges could do a better job of communicating both that the proposals were only one step in a process, and that there were ranges.

“I think people were looking at the ranges and thinking, ’Oh my god, salaries are going up $100,000’ and of course all the colleges were doing was establishing a range that could last for many years,” Franklin said.

Documents posted by Mohawk College in Hamilton show it proposed to raise the president’s salary from $260,208 to up to $401,000. Algonquin College in Ottawa proposed to boost the president’s salary from $321,165 to up to $445,000.

Public-sector salaries are a thorny issue, Matthews acknowledged.

“The numbers look too high and I get that,” she said. “So that’s why we’ve said, ’You have to justify it. You have to explain to people why you’re paying what you’re paying.”’

The colleges are the first out with proposals under the new framework, so Matthews said hospitals and universities will be watching developments with interest.

Meanwhile, PricewaterhouseCoopers concluded in a report that without further measures to increase revenues or cut expenses, Ontario colleges would have an operating deficit of $420 million by 2024-25 and a cumulative debt of $1.9 billion. Deferred maintenance costs are projected to be at $3.5 billion in that same year, the report said.

Deficits would be larger at smaller and more rural colleges, where overall enrolment declines across the province will be more acutely felt, the report said.

http://www.torontosun.com/2017.....-for-execs
RCO





Joined: 02 Mar 2009
Posts: 6711
Reputation: 239.5
votes: 3
Location: Ontario

PostPosted: Fri Jan 27, 2017 8:47 am    Post subject: Reply with quote

January 26, 2017 12:02 pm

Ontario government wants colleges to scale back executive pay raises


By Staff The Canadian Press


TORONTO – Ontario’s cabinet minister in charge of post-secondary education is telling colleges to go back to the drawing board on executive pay raises, after some proposed hikes of 50 per cent.

A public-sector wage freeze is expiring, and colleges are posting their executive compensation proposals under new rules that came into force in September.




Legislation the Liberal government introduced – after it had been under fire for years over generous salaries and severance packages for executives in the public sector – created new compensation frameworks.

Advanced Education Minister Deb Matthews sent colleges a memo today, telling them to adjust their compensation plans – in particular, to make sure they compare salaries to those at other colleges or organizations of a similar size.


Some have been using universities and hospitals as comparators.

Matthews says in fairness to the colleges, the amounts posted were the maximums of a salary range, so she is asking them to be more transparent as to what compensation would actually be

http://globalnews.ca/news/3207.....ay-raises/
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Ont Colleges told to rethink pay raises for executives

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