Top-News
Dienstag,
06.09.2016 17:05
von
PR Newswire
| Aufrufe: 77
Korn Ferry Hay Group releases 2017 salary forecasts for Canada
Mann mit Wirtschaftszeitung (Symbolbild).
pixabay.com
Canada NewsWire
TORONTO, Sept. 6, 2016
Lower salary projections to continue into next year
TORONTO, Sept. 6, 2016 /CNW/ - The Hay Group division of Korn Ferry (NYSE: KFY), the preeminent global people and organizational advisory firm, today announced the results of their annual survey showing projected salary forecasts for 2017.
NOTE: Projections include those organizations reporting 0%.
Highlights
- Canadians can expect to see average base salary increases of 2.2% in 2017
- For all organizations, actual base salary changes realized in 2015 was 2.2%, lower than the 2.4% projected a year ago.
- By job level, all positions will be at or just below the national average of 2.2%.
- Quebec (2.5%) shows the highest 2017 base salary projections, followed by Manitoba (2.4%); and Ontario and BC (2.3%)
- Alberta's projection (1.3%) is down from last year's projection of 2.5%, showing the continued impact of the economic decline from the collapsing oil prices
- BC's projection (2.3%) is the same as last year, and is slightly above the national average (2.2%)
Canadians can expect to see average base salary increases of 2.2% in 2017, according to a national survey of almost 700 Canadian public and private sector employers conducted by Korn Ferry Hay Group in June and July. Survey participants include many of Canada's leading employers.
The 2.2% projection is lower than the 2.4% projection for 2016 and 2.6% for 2015, continuing a downward trend in Canadian salary increases that has developed since the start of the economic downturn in 2008/2009. U.S. salary projections remain the same as for 2016 (3.0%), and Canadians have now fallen further behind their U.S. counterparts.
According to the survey, 65% of Canadian employers are forecasting that they will provide their employees with base salary increases in 2017, which is considerably less than the 70% of employers who projected increases for 2016. This is due to continued economic uncertainty across many sectors in the Canadian economy and to the fact that more employers are now adopting a "wait and see" position before increasing their budgets.
Resource-based provinces continue to see lower increases
Workers in the oil and gas sector have traditionally received the highest salary increases in Canada, however, with the economic impact of collapsing oil prices, as well as a series of natural disasters hitting the Fort McMurray area, these workers are now projected to receive the lowest increases in the country at 1.5% as employers shed jobs and the labour supply now exceeds demand. Alberta, followed by Newfoundland & Labrador, are the provinces forecasting the lowest increases.
| Province | 2017 projection | 2016 projection | 2015 projection | 2014 projection | 2013 projection | 2012 projection |
| BC | 2.3% | 2.3% | 2.6% | 2.3% | 2.7% | 2.5% |
| Alberta | 1.3% | 2.5% | 3.1% | 3.2% | 3.6% | 3.4% |
| Saskatchewan | 2.2% | 2.7% | 2.9% | 3.4% | 3.2% | 3.2% |
| Manitoba | 2.4% | 2.5% | 2.3% | 2.6% | 2.7% | 2.5% |
| Ontario | 2.3% | 2.5% | 2.5% | 2.5% | 2.7% | 2.7% |
| Quebec | 2.5% | 2.5% | 2.6% | 2.6% | 2.7% | 2.8% |
| Maritimes | 1.9% | 1.9% | 2.1% | 2.1% | 2.6% | 2.4% |
| Newfoundland | 1.4% | 2.3% | 2.6% | 4.0% | 3.4% | 3.4% |
| GTA | 2.4% | 2.5% | 2.5% | 2.5% | 2.8% | 2.7% |
Looking at major Canadian cities, workers in Montreal (2.5%), Vancouver (2.4%) and Winnipeg (2.4%) can anticipate above average increases while those in Calgary (1.2%), Edmonton (1.5%) and St. John's (1.5%) will have to wait for better times.
By sector, pharmaceuticals (2.7%), insurance, high technology and finance (all at 2.6%) will provide the highest base salary increases to their employees.
Details of the survey results will be released at a series of webinars in September. Visit www.haygroup.com/ca/events for more detail.
If you would like to discuss the forecasts in more detail with one of our compensation experts, please contact Anne Heber at (416) 815 6450 or anne.heber@kornferry.com.
About Korn Ferry
Korn Ferry is the preeminent global people and organizational advisory firm. We help leaders, organizations, and societies succeed by releasing the full power and potential of people. Our nearly 7,000 colleagues deliver services through our Executive Search, Hay Group and Futurestep divisions. Visit kornferry.com for more information.
Our insight is supported by rigorous client data. Our clients are from the private, public and not-for-profit sectors, across every major industry. Korn Ferry Hay Group's Global PayNet database contains data for more than 20 million job holders in 24,000 organizations across more than 110 countries. Click here to learn more about PayNet.
SOURCE Korn Ferry Hay Group
Werbung
Mehr Nachrichten zur Korn Ferry International Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)
-1
Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink.
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.
