Rate of Pay Continues to Increase

Performance Management Emerges as Key Issue

In 2005, Canadian employers will continue to offer modest salary increases and rely heavily on short-term incentive programs, according to the 2004 Annual Canadian Salary Survey by Watson Wyatt Worldwide.

In 2004, the vast majority (97 percent) of employers reported salary increases, up from 92 percent in 2003. Of those organizations providing increases in 2004, the average actual salary increase for all employees was 3.2 percent, a slight decline from the 3.3 percent actual increase in 2003. For the second year in a row, base salary increases are fairly flat across different regions and industries. For 2005, employers are forecasting a 3.1 percent increase in salaries.

Get your FREE trial now!

Start your free 14-day trial now to read this story and

Make. Work. Better.

Already a subscriber?

Reuse and Permissions: While social sharing is permitted, unauthorized reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact: copyright@yourworkplace.ca ; 877-668-1945.

Written By

A valued contributor to Your Workplace.

Share

Share on facebook
Share on twitter
Share on linkedin

Related Posts

Your Workplace is a premium source of leading-edge content to help you create a thriving workplace where everyone wants to work.

Contact Your Workplace

Tel: 613-549-1222
Toll Free: 1-877-668-1945
Contact Us

Whoa! Don't Go Yet

Sign up to receive free leading-edge content about people at work.

News letter