(Pixabay)

Employers to raise salaries 2.6% on average next year: report

Firm points to factors such possibility of more trade protectionism, rising interest rates

Canadian employers expect to give staff a 2.6-per-cent raise on average next year, a new survey suggests.

Morneau Shepell, a human resource firm based in Toronto, released a report on Tuesday saying the anticipated salary bump is consistent both with last year’s average increase of 2.6 per cent, as well as with inflation.

Another 4.6 per cent of employers said they do not plan to increase staff pay.

“Employers remain guarded about salary increases, perhaps reflecting anxiety over the possibility of more trade protectionism, rising interest rates and a Canadian economy operating close to its capacity,” said Anand Parsan, vice president of compensation consulting.

B.C. and Alberta business owners expect a slightly higher than average raise, at 2.8 per cent and 2.7 per cent respectively.

Employees working in real estate, rentals and leasing can anticipate a 3.8-per-cent raise on average; staff in professional, scientific, technical and educational services can look forward to 3.0 per cent; and people working in public administration can await 2.8 per cent.

Those industries, the report noted, might be catching up after years of less than average growth.

Workers in information and cultural industries, health care, social assistance, arts, entertainment, and recreation might not be so lucky, with employers foreseeing raises as low as 1.5 per cent.

With an aging labour force, the report said employers offering lower raises need to try other methods to keep and attract employees.

“With limited funds to spend on salary increases, employers need to take a step back and look at the entire picture,” said Parsan.

“Intangible items such as flexible work arrangements, health and wellness, coaching and mentoring, learning and advancement opportunities and special recognition programs might be the edge employers need in the war for talent.”

Money aside, employers were looking to address emerging issues like the legalization of marijuana on Oct. 17 and the #MeToo movement.

“There are many misconceptions about cannabis that lead to an underestimation of the risk to personal health and well-being in certain situations,” said Paula Allen, vice president of research and integrative solutions.

“Managers need to be trained effectively. As well, employees need to be educated.”

The survey suggests 84 per cent of employers already have zero tolerance policies to address sexual harassment at work, and 25 per cent were planning to bring in new processes in the next year and a half.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Snow flies at Ponoka Legion’s Flags of Remembrance ceremony

Despite the chilly weather, 128 Maple Leaf flags were raised at Ponoka’s Centennial Park

Ponoka senior Broncs take second win of season

The Broncs defeated the Wetaskiwin Sabres at home

Young Ponoka barrel racer one to watch

Janae McDougall won Lakeland and Wildrose Rodeo Association peewee barrel racing

Ron Orr to return for another run as MLA

Lacombe-Ponoka UCP contest won by incumbent MLA

Wolf Creek Schools raises Treaty 6 flag for first time

Chiefs, school officials took part in a ceremony that is aimed at acknowledging Treaty 6 land

Video: Flyers new mascot ‘Gritty’ a bearded, googly-eyed terror

The Philadelphia Flyers unveiled their new mascot Monday, and as one would expect of the team that gave us the “Broad Street Bullies,” he’s far from cuddly.

Veterans Affairs ordered to take second look before supporting vets’ relatives

Liberal government ordered officials to adopt a more critical eye

Ottawa working to iron out kinks in public alert system

The alerts are being credit with saving lives during last week’s tornadoes

Assault charge withdrawn vs. ex-Jays pitcher Roberto Osuna

Former Toronto player agrees to peace bond

UPDATED: Bill Cosby gets 3-10 years in prison for sexual assault

Judge also declared the disgraced comedian a ‘sexually violent predator’

U.S. worker charged after video shows him spitting on customer’s pizza

Jaylon Kerley of Detroit is charged with a felony count of food law violations

Robbery report at outlet mall turns out to be fake: police

Leduc RCMP respond to weapons complaint at premium outlet collection mall

Canada aiming for the moon, and beyond, with new space technology efforts

With an eye on future lunar exploration, Canada’s space agency is calling on companies to present their ideas for everything from moon-rover power systems to innovative mineral prospecting techniques.

New Brunswick Premier meets with lieutenant-governor as Tories, Liberals vie for power

New Brunswick Premier Brian Gallant said the only other leader he had spoken with since results came in was Green Leader David Coon.

Most Read