The Government of Ontario has introduced legislation that would authorize it to establish compensation frameworks, including sector-specific hard caps for senior executives in the broader public sector.
McKesson's CEO has decided to voluntarily reduce his pension benefit by about US$45 million ($49.7 million) after negative shareholder feedback.
The difference between public and private sector wages for equivalent jobs in Ontario—after a decade of steady increase—currently costs more than $1 billion a year for the government, and this needs to be addressed, according to a study.
Quebec plans to increase its minimum wage by 2% at the beginning of May.
Ontario plans to increase the minimum wage to $11 per hour on June 1, 2014, up from the current level of $10.25 an hour.
Average salary increases of 2.9% are expected in 2014 across all employee groups and industries in Canada, according to Aon Hewitt.
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.
Late summer to early fall is when a number of HR consulting firms and associations release the results of their annual salary increase surveys, with projected increases for the coming year. Human resources professionals responding to these surveys indicated that they expected average raises of between 2.6% and 3.1% for 2014, taking into account all industries, positions and locations.
For the first time in several years, employees in multiple regions saw salary increases in the positive range for 2013, mainly due to lower inflation rates.
Base pay salary increases for 2014 in the United States will remain at 3% for the second year in a row, according to a Buck Consultants survey.