Posted by & filed under Accounting Careers.

Description: With all the work at home that Canadians have already been doing since 2020, some big city employees have up and moved to smaller, more livable locales. Alejandra McLatchie and her family have moved from the Toronto area to Upper Tantallon, N.S., taking her big city salary to a new home on a two acre lot near a lake, something way out of reach in Toronto. These sorts of moves have raised questions for employers on whether companies should have regional salary scales to reflect differing costs of living across the country.

Date:  November 20, 2021

Source:  cbc.ca

 Link: https://www.cbc.ca/radio/costofliving/salary-location-pandemic-moves-1.6254276

Discussion points:

1) As you look towards employment post-graduation, does the option of working outside of a major centre appeal to you?

2) Do you think that employees who take their job with them to a smaller locale should be able to keep their “big city” salary, or do you think employers should use regional scales?

3) Chapter 7 in Wiley’s Auditing: A Practical Approach tells us how the auditor needs to consider the control environment as part of assessing the system of internal control. What element of the control environment might be of particular interest with respect to this discussion of remote work and related compensation?

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