Saturday, June 23, 2012

2012 Compensation Increases in Canada

The link below is a summary report of expected Compensation Increases in Canada for 2012.  Although during these tough times, increases in base pay in many corporations have been low or non-existant (wage freezes), it is interesting to note that companies are increasing their salary structures by less than 2%.  However, likely due to limited increases in the past few years, salary increases on base pay are expected to be in the 3% range for all levels of the organization.  I see this as a leading indicator that companies are getting concerned about their ability to attract and retain employees, as the struggle to get employees becomes stronger and stronger.  This can be seen as a warning sign that companies should look deeply at their retention strategies.

http://www.cpq.qc.ca/assets/files/divers/2011/previsions-salariales2012_en.pdf

No comments:

Post a Comment