Canadian employers are projecting, on average, 3.3 per cent for merit increase budgets and 3.7 per cent for total increase budgets in 2024, compared to 3.6 per cent and 4.1 per cent, respectively, in 2023, according to a new survey by Mercer Canada. “In the face of economic uncertainty and reduced labour market pressure, employer […]
Canadian base salaries are set to increase by four per cent in 2023, a percentage that’s comparable to 2022, according to a new survey by LifeWorks Inc. The survey, which polled more than 500 Canadian employers, found while roughly six per cent of organizations froze their base salaries in 2022, fewer than two per cent plan […]