Canadian organizations are planning average salary increases of 2.7% for their salaried employees in the coming year, according to the 2014 Pal Benefits Salary Budget Report.
For 2014, those with fewer than 100 employees will be providing higher pay raises than larger organizations—an average of 2.8%.
Last year, organizations with between 2,001 and 3,000 employees planned to give the highest average increase.
The overall figure is lower than the 2.8% increase employers projected for 2013, suggesting that organizations are continuing a cautious and conservative outlook, given ongoing economic unrest in much of the rest of the world.
While the average salary increase may be lower than last year, the percentage of employers that plan to freeze salaries continued its downward trend. In 2014, 8% of respondents planned to freeze salaries, down from 16% in 2010.
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