Will Annual Salary Increases Become a Thing of the Past?

Will Annual Salary Increases Become a Thing of the Past?

Expecting a big raise in the coming year? Well, according to Morneau Shepell’s Annual Survey of Trends in Human Resources it may have to wait.

Canadian employers are expecting salaries to rise by an average of 2.1% in 2017, down from the projected increase of 2.5% in 2016, and the 2.8% projected increase for 2015, making it the second consecutive year there has been a drop in salary increases. This is the lowest projection in more than two decades. Read more

Compensation and Retention

Compensation and Retention

The direct correlation between compensation and retention has been well documented over the years. Pay your employees more, and they are more likely to stay and perform. But what happens when you can’t pay them more? How do you keep your best? This is exactly the dilemma that a lot of Canadian companies are facing going into 2016.

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