Moderate Salary Increases Ahead

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    A sluggish economic outlook is causing organizations to plan for another year of moderate base salary increases for 2013. The Conference Board of Canada’s ‘Compensation Planning Outlook 2013’ projects average increases for non-unionized employees of three per cent next year, largely in line with actual gains in 2012. “Employers have not yet felt the full effects of looming workforce shortages. But it is apparent that the labour market is tightening, especially in Western Canada and in the natural resources and professional, scientific, and technical services industries,” says Karla Thorpe, its director of leadership and human resources research. “Assuming no significant hiccups to the global economy, the unemployment rate is expected to dip in 2014, and labour supply shortages will re-emerge over the medium term. The survey found 69 per cent of organizations report challenges with recruiting and/or retaining personnel. The top professions in demand include engineering, specialist information technology, and skilled trades.