A bill that would give the Ontario government the power to control compensation of senior executives in the broader public sector, including hard caps, has received royal assent.
Poor compensation is the primary reason why Canadians leave their jobs—but employers don’t realize that.
The majority (71%) of workers don't currently make their desired salary.
Salary increases projected for 2015 by Canadian organizations are holding steady at 2.79%.
Canadian employers are not differentiating pay based on individual performance as much as they could and may be underestimating the importance of non-monetary aspects of the employment experience.
While compensation is a focus for employers, they’re also trying to ensure that their employees are aware of opportunities within the organization.
Canadian employers plan to increase salaries by 2.6% in 2015, according to a survey by Hay Group.
Canada's energy sector continues to lead the country with the largest actual and projected increases year over year.
Employers in Canada are expecting salaries to rise by an average of 2.8% in 2015, according to Morneau Shepell’s annual survey of Compensation and Trends in Human Resources.
International talent management experts estimate that the average cost of a poor hiring decision is 30% or more of that hire’s first year’s probable earnings, reports PI Worldwide.