Salaries are expected to increase in 2012, but it will take more than that to recruit and retain top talent. Aon Hewitt’s Canada Salary Increase Survey projects an average salary increase of 3.1% next year, a slight improvement over 2011’s actual increases, which averaged 2.9%. The increase is good news for Canadians who may have […]
The gap between government employees and the rest of the working world is widening, says the Canadian Taxpayers Federation (CTF). In response, the CTF has launched a campaign advocating for changes to public sector pensions and salaries. Quoting data from Statistics Canada, the Frontier Centre for Public Policy, the Fraser Institute, and the Canadian Federation […]
The good news? Salary budgets are increasing. The bad news? Employees won’t be pocketing as much as they thought. Employers project base salary budgets will increase by 3.1% for next year, according to Mercer’s 2012 Compensation Planning Survey. This is a slight improvement over 2011’s projected increases (2.9%), but well below increases planned before the […]
With global markets in turmoil and renewed fears of a global economic recession, one might expect that Canadian companies would be tightening their purse strings. This does not appear to be the case when it comes to salary budgets for 2012, according to a Morneau Shepell survey. On average, respondents said they were planning salary […]
Employees hoping for large across-the-board raises in 2012 will be disappointed, as Canadian employers are projecting an average wage increase of 3.1%, according to the Mercer Compensation Planning Survey. Base pay is considered the most important element of total compensation for most employees, according to a previous Mercer survey, but only 53% said they were […]
As Canada’s post-recession economy recovers, attention is returning to the challenge of shifting demographics—specifically, the impact the impending wave of baby boom retirees will have. While many organizations have taken steps to ensure a good internal pipeline of senior managers and leaders, the question arises as to whether employers will be able to hang on […]
Air Canada employees are back to work today after a tentative agreement on pay and pensions was reached yesterday, ending a three-day strike and 12 weeks of negotiations. CAW president Ken Lewenza said the new agreement is an important achievement for the 3,800 CAW members at Air Canada who resisted company demands for major pension […]
Executive compensation—particularly within publicly traded companies—has come under increased scrutiny in recent years as the economy has faced significant downturns. As a result, corporations need to focus attention on whether their executive compensation aligns with the goals of the organization and its shareholders, says a panel of experts at an Osler, Hoskin& Harcourt LLP seminar […]
Talking about compensation with a potential employer can be a nerve-racking experience in a tight job market. But most of today’s professionals aren’t shy about asking companies to show them the money, according to a new Robert Half International survey. More than 61% of workers interviewed said they’re comfortable negotiating a higher salary or better […]
Compensation budgets are likely to remain intact for 2011, with variable pay continuing to play an increasingly important role in the compensation package. Aon Hewitt’s survey of more than 500 employers found that three-quarters of companies expect to reach or exceed business performance goals this year, leading to the stabilization of pay and variable pay […]