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Proposed Executive Compensation Program 2018

Posted Jan 22nd, 2018 in News

Dear Community Member,

In 2014, the Government of Ontario began the process of developing public sector compensation frameworks to ensure a transparent and consistent approach to executive compensation.  The Broader Public Sector Executive  Compensation Act of 2014 (“BPSECA”or “the Act”), introduced by the Ontario Government, applies to all Ontario public sector designated employers, including universities, colleges, hospitals, and school boards.  This includes Hotel Dieu Shaver Health and Rehabilitation Centre (“Hotel Dieu Shaver”).

In compliance with the Act, Ontario Regulation 304/16 – Executive Compensation Framework, and Ontario Regulation 187/17 (“the Regulations”), Hotel Dieu Shaver has developed a comprehensive proposed Executive Compensation Program to support executive compensation management.  In developing this compensation plan, careful consideration was given to the legislative guidelines, including its understood spirit and intent.  The Hotel Dieu Shaver is committed to meeting the intent and goals of the Ministry of Health and Long Term Care to ensure responsible and transparent executive compensation management in the Ontario broader sector.

Key sections in our proposed Executive Compensation Program include:

Executive Compensation Philosophy
Proposed Comparator Organizations (small to medium Rehab or community hospitals) and Analysis
Salary and Performance Related Pay Framework
Designated Executive Salary and Performance Related Pay Envelope

As part of the Government Regulations, all Ontario broader sector employers are required to conduct a 30-day public consultation on their proposed Executive Compensation Program.  Our Program balances the need to manage compensation costs with the need to attract and retain the specialized executive talent we seek.  If you have any feedback on the program, please submit to maryjane.johnson@hoteldieushaver.org.  We will be accepting public input until February 20, 2018.  At Hotel Dieu Shaver, we value feedback from our community.  All information will be carefully considered and is appreciated.

Thank you,

Dr. Ron McTavish
Chair, Board of Trustees