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PRESS RELEASE: Helping Businesses Mitigate the Impact of Bill 148

Employer handbook outlines the potential risks to employers from the incoming legislation and offers human resources and operational strategies to help businesses better understand what these changes will mean.

Tuesday, October 24, 2017
FOR IMMEDIATE RELEASE

It is extremely disappointing that the Ontario Government has not yet outlined what offsets and supports they will be providing to help businesses adjust to these dramatic changes.

Charla Robinson

President, Thunder Bay Chamber of Commerce

THUNDER BAY, ON:   The Thunder Bay Chamber of Commerce, the Ontario Chamber of Commerce (OCC) and MNP, Canada’s leading accounting firm, have partnered to release a comprehensive handbook for Ontario’s business community that provides strategies to help businesses navigate the incoming changes from Bill 148 (Fair Workplaces, Better Jobs Act). The handbook, “Steering Through Change, A Handbook to Help Ontario Businesses Understand and Manage Bill 148” outlines the potential risks to employers from the incoming legislation and offers human resources and operational strategies to help businesses better understand what these changes will mean.

“It is extremely disappointing that the Ontario Government has not yet outlined what offsets and supports they will be providing to help businesses adjust to these dramatic changes,” says Charla Robinson, President of the Thunder Bay Chamber of Commerce. “In the absence of support from the Province, we hope this handbook will assist our members in planning for the challenges and added costs of Bill 148.”

Bill 148 will bring in a number of reforms to Ontario’s current labour and employment standards laws, most notably instituting a $15 minimum wage by January 2019, representing a 32% increase. The handbook outlines the impacts businesses are likely to see from the numerous changes and identifies that small businesses are most likely to face four main issues:
• Profitability: businesses may not be able to keep up a sustainable profit margin;
• Staffing levels: businesses may not have the capacity to maintain current staffing;
• Competition: to keep their doors open, businesses will be forces to raise prices; and
• Taxation: with higher wages come higher payroll taxes and contributions to EI and CPP.

The handbook also includes information on how to adapt to the changing workplaces and outlines best practices for refining and changing process in the workplace.

Download the handbook here.

Learn more about this issue on the backgrounder page.

Active Advocacy Files







The Thunder Bay Chamber of Commerce' advocacy work is made possible thanks to the generous support of our

Cornerstone Members:

                              

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