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Money By the numbers: How much will the minimum wage hike cost Tim Hortons?

18:51  09 january  2018
18:51  09 january  2018 Source:   metronews.ca

Minimum wage hikes could cost Canada's economy 60,000 jobs this year

  Minimum wage hikes could cost Canada's economy 60,000 jobs this year Minimum wage hikes across Canada this year could cost about 60,000 jobs, the Bank of Canada warns in a new report.The central bank published a report over the winter break, attempting to calculate what sort of economic impact a series of minimum wage hikes set to come into force this year will have on Canada's economy.

,968.26: How much more each full-time employee who works 40 hours a week will cost a Tim Hortons franchisee every year, according to the GWNFA. 10 cents: How much the parent company of Tim Hortons , Restaurant Brands International, raised the price of a cup of coffee by on average at

Some Tim Hortons franchisees have responded to Ontario's new minimum wage by clawing back employee ,968.26: How much more each full-time employee who works 40 hours a week will cost a Tim Hortons 4,613 restaurants: The number of Tim Hortons locations in Canada as of Dec.

The association representing many of the Tim Hortons franchises in Canada says Ontario's minimum wage hike will cost the average outlet $243,889 per year.: By the numbers: How much will the minimum wage hike cost Tim Hortons?© Provided by Free Daily News Group Inc By the numbers: How much will the minimum wage hike cost Tim Hortons?

The Great White North Franchisee Association says the minimum wage increase will cost the average Tim Hortons franchise $243,889.10 a year

Here’s a closer look at the numbers provided by the association, which says on its website it represents 50 per cent of the Tim Hortons chain in Canada.

The figure is based on a minimum wage increase of $2.40 an hour

The calculation assumes the $2.40 increase will be applied to every worker’s salary.

Only employees who were making the previous minimum wage, $11.60 an hour, are legally entitled to the new rate, $14.

Tim Hortons heirs cut paid breaks and worker benefits after minimum wage hike, employees say

  Tim Hortons heirs cut paid breaks and worker benefits after minimum wage hike, employees say Employees at a Tim Hortons franchise owned by the children of the chain's founders say they're losing paid breaks and other benefits in response to Ontario's minimum wage hike.RYAAY

Employees at a Tim Hortons franchise owned by the children of the chain's founders say they're losing paid breaks and But a far greater number of people are outraged, he said. A woman answering the phone at the Tim Hortons location on Division Street in Cobourg, who said she was the manager

3,889.10: How much the increase will cost the average Tim Hortons franchisee, according to the Great White North Franchisee Association, a group representing about half of the country's Tim Hortons franchisees. Related: Tim Hortons regulars launch boycott over minimum wage response.

Some businesses have said the higher rate will inflate their entire payroll because they want to maintain pay differentials between newer hires and more senior staff.

The $2.40 rate is bumped up to $3.35 an hour when other costs are factored in.

GWNFA says this figure includes Canadian Pension Plan, Employment Insurance, Employee Health tax, workers’ compensation premiums, training costs, sick leave, and increased vacation pay.

Increased vacation pay introduced by Bill 148 will only impact workers who have been with a company for five years or more. They will now be entitled to three weeks leave.

Average number of employees at a Tim Hortons store: 35

Average increased cost for one full-time employee: $6,968.26

Divided by the hourly cost increase (of $3.35) per employee and a 52-week year, this figure suggests Tim Hortons employees work a 40-hour week.

In a fight over minimum wage at Tim Hortons, the worker loses

  In a fight over minimum wage at Tim Hortons, the worker loses With both Tim Hortons franchisees and the company’s head office refusing to absorb the costs of higher wages, front-line workers are paying the price by having their benefits cut.

The association representing many of the Tim Hortons franchises in Canada says Ontario's minimum wage hike will cost the average outlet 3,889 per Divided by the hourly cost increase (of .35) per employee and a 52-week year, this figure suggests Tim Hortons employees work a 40-hour week.

Employees who work at Tim Hortons locations in the Canadian province of Ontario owned by the co-founders’ children will reportedly see their benefits "These changes are due to the increase of wages to .00 minimum wage on January 1, 2018, then .00 per hour on January 1, 2019, as well as

The Star obtained a week’s schedule for one Toronto-based Tim Hortons franchise. It listed 30 employees and four managers. That week, the average working week for employees was around 25 hours. This may not be typical for other Tim Hortons locations.

According to 2016 Statistics Canada data, the average food services employee in Toronto works 30 hours a week.

Some 46 per cent of Toronto food services employees worked part-time in 2016.

The Canada-wide average for accommodation and food services sector in 2017 was 35 hours a week.

A final note: students under 18 who work 28 hours or less when school is in session, or work during a school break or summer holidays, have a lower minimum wage. Their minimum hourly rate is $13.15.

GWNFA did not respond to the Star’s request for additional comment.

Tim Hortons franchise owners tell workers to blame Wynne for benefit cuts and to 'not vote Liberal' .
A staff memo written by a couple of Tim Hortons franchise owners in Whitby, Ont., blames cuts to employee benefits on the Ontario government and its minimum wage hike. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.recentquotesurl = "/en-ca/money/getrecentquotes"; config.

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