Watson Wyatt Data Services Releases Results of Annual Canadian Salary Survey



    
    -   Alberta employers project highest overall salary increase for 2009
    -   Professional/Business Services firms anticipate highest salary
        increases for the coming year
    

    TORONTO, Sept. 2 /CNW/ - Watson Wyatt Data Services, a wholly-owned
subsidiary of Watson Wyatt Worldwide, today announced results from the
2008/2009 Annual Canadian Salary Survey, now in its 40th year.
    Alberta's economy continues to impact employers across all regions of
Canada, and increasing base salaries is just one piece of the total
compensation puzzle employers are drawing upon to attract and retain
employees, as organizations continue to grapple with staffing shortages.
    Alberta (excluding Calgary) employers are leading the way with
anticipated base salary increases of 3.83% for 2009, with Calgary employers
predicting a 3.69% increase. Employers in neighboring Saskatchewan are
projecting base salary increases of 3.50%. While projections in these regions
are slightly lower than increases actually granted in 2008, it's likely that
2009 increases will exceed predictions unless an unexpected downturn occurs.
    The overall Canadian base salary increase for 2009 is projected at 3.46%.
In a healthy economy, salary increase projections tend to be somewhat
conservative - actual increases are typically higher than those forecast in
the previous year. If the Canadian economy continues at its current pace - and
there are no imminent signs of a dramatic downturn - then actual 2009
increases are expected to be higher than projections provided during the
survey collection period.
    In 2008, base salary increases across all of Canada averaged 3.61%
(compared to last year's projection of 3.50%). Moderate differences existed
among geographic regions with Alberta (excluding Calgary) reporting the
highest 2008 salary increase at 3.89%. Quebec (excluding Greater Montreal)
reported the lowest average salary increase at 3.19%. Beyond Alberta borders,
employees in Saskatchewan received the next highest increases averaging 3.61%.
    Within the industry sectors, the largest overall salary increase occurred
among Professional/Business Services firms, where employees averaged a 4.13%
increase, followed by the Banking/Finance sector at 3.99%. Heading into 2009,
these employers are again projecting solid increases at 3.92% and 3.75%,
respectively. While specialist roles within finance continue to be
competitive, the demand for talent within the engineering field is the driving
force behind higher increases being granted within professional firms such as
engineering consultants.
    Not to be left behind, the Public Sector is projecting an overall base
salary increase of 3.63% in 2009. In the quest for talent, Public Sector
employers do not have sufficient short- and long-term incentives to reward
employees and so must ensure their base compensation is competitive, as
reflected by average increases in 2008 of 3.74%.
    The following table summarizes overall base salary increases by region
and major industry grouping:

    
    -------------------------------------------------------------------------
    City/Regional Breakdown:            2008 Actual            2009 Forecast
    -------------------------------------------------------------------------
    All Canada                                 3.61%                   3.46%
    Atlantic Canada                            3.32%                   3.35%
    Montreal                                   3.37%                   3.26%
    Other Quebec                               3.19%                   3.24%
    Greater Toronto                            3.35%                   3.33%
    Southwestern Ontario                       3.35%                   3.34%
    Other Ontario                              3.30%                   3.41%
    Manitoba                                   3.38%                   3.46%
    Saskatchewan                               3.61%                   3.50%
    Calgary                                    3.86%                   3.69%
    Other Alberta                              3.89%                   3.83%
    Vancouver                                  3.48%                   3.41%
    Other British Columbia                     3.48%                   3.37%

    -------------------------------------------------------------------------
    Industry Sector                      2008 Actual           2009 Forecast
    -------------------------------------------------------------------------
    All Private Sector-For Profit              3.61%                   3.47%
    Public Sector                              3.74%                   3.63%
    Retail                                     3.32%                   3.26%
    Manufacturing Non-durable                  3.32%                   3.35%
    Manufacturing Durable                      3.71%                   3.43%
    Banking/Finance                            3.99%                   3.75%
    Insurance                                  3.64%                   3.51%
    Professional/Business Services             4.13%                   3.92%
    

    All base salary increases reported in this release are general increases
(including cost-of-living and merit components) and were collected May through
July, 2008.
    The 2008/2009 Annual Canadian Salary Survey reflects responses from 378
organizations reporting data on more than 200,000 incumbents across 10 major
industry classifications, 12 regions and major metropolitan areas, and
multiple organization size groups. Collectively, these 378 organizations
employ 940,000 Canadians.
    The Survey covers 440 benchmark positions across six position-related
reports; cash compensation data reported includes base salary, short-term
incentives (bonuses, bonus targets and actual awards; profit sharing targets
and actual awards; commission) and long-term incentives (options, share
units).

    
    The available reports are:

    -   Canada Sales & Marketing Positions Report: data on 87 positions
    -   Canada Information Systems Positions Report: data on 99 positions
    -   Canada Executive Compensation Report: data on 34 positions
    -   Canada Management & Administrative Positions Report: data on 126
        positions
    -   Canada Engineering, Development & Technical Positions Report: data on
        54 positions
    -   Canada Production & Distribution Positions Report: data on 62
        positions
    -   Compensation Trends & Directors' Fees Report: covers salary increase
        budgets, base salary and salary range increases, employment practices
        (e.g., hours of work, vacation, overtime, shift differentials),
        starting salaries for new graduates, directors' remuneration and
        more.
    

    All reports based on the 2008/2009 Annual Canadian Salary Survey are
available online through Watson Wyatt Data Services CompSource(TM).

    About Watson Wyatt Data Services

    Watson Wyatt Data Services (WWDS), a wholly-owned subsidiary of Watson
Wyatt Worldwide, is a leading provider of compensation, benefits and
employment practices information to the global employer community. From
offices around the world, we solicit, analyze and publish an extensive library
of online, printed and interactive survey reports. Our compensation databases
are recognized worldwide as the most reliable source of current data for
compensation planning.

    Global scope, local knowledge ...
    Covering more than 97 countries across six continents, our data centers
in the U.S., Canada, Europe, Asia and Latin America annually compile reports
on the remuneration, benefits and employment practices of local and
multinational companies. Our "in-country" experts apply their local knowledge
of the varied employment markets, practices and customs to deliver a complete
compensation picture that can be used to create sound, market-based pay
programs for entire organizations. Our international databases contain
compensation information covering millions of employees based on the annual
survey participation of organizations ranging from emerging growth companies
to many of the world's largest conglomerates.
    In addition to compensation surveys, WWDS also publishes references that
help HR practitioners attract, retain, and reward exceptional employees. These
guides cover a wide variety of subject areas, including variable pay,
performance management and personnel policies on a local, regional and global
basis. For more information, visit our Web site at WWDS.com.





For further information:

For further information: Cherie Langevin, Watson Wyatt Data Services,
Tel: (416) 813-4428, E-mail: Cherie.Langevin@watsonwyatt.com

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