Ontario plans to increase the minimum wage to $11 per hour on June 1, 2014, up from the current level of $10.25 an hour.
Average salary increases of 2.9% are expected in 2014 across all employee groups and industries in Canada, according to Aon Hewitt.
Canadian organizations are planning average salary increases of 2.7% for their salaried employees in the coming year, according to the 2014 Pal Benefits Salary Budget Report.
Late summer to early fall is when a number of HR consulting firms and associations release the results of their annual salary increase surveys, with projected increases for the coming year. Human resources professionals responding to these surveys indicated that they expected average raises of between 2.6% and 3.1% for 2014, taking into account all industries, positions and locations.
For the first time in several years, employees in multiple regions saw salary increases in the positive range for 2013, mainly due to lower inflation rates.
Base pay salary increases for 2014 in the United States will remain at 3% for the second year in a row, according to a Buck Consultants survey.
Communicating information to employees is always an issue for organizations. But when that information is total rewards, it’s a bigger issue.
Alberta’s minimum wage is set to rise as of September 1 and Manitoba’s will increase one month later.
As the economy returns to full capacity, salary budget increases for Canadian employees are remaining steady.
Despite economic uncertainty across the globe, Canadian employers have added more than 250,000 jobs over the last 12 months and the trend is expected to continue through the end of the year.