Robert Half Survey Reveals: More Decreases Expected Than Increases
TORONTO, Dec. 17, 2013 /CNW/ - Financial executives don't anticipate
bonus levels will differ much this year compared to 2012, suggests
recent research. Further, at companies where bonuses will change, they
are more likely to fall than rise.
In the Robert Half survey, only 8 per cent of chief financial officers (CFOs) at firms that offer bonuses said
their bonus levels in 2013 will increase over last year, compared to a
slightly higher 12 per cent of respondents who expect a decline. Sixty-two per cent of executives foresee no changes.
The survey was developed by Robert Half, the world's first and largest specialized staffing firm, and conducted
by an independent research firm. It is based on interviews with more
than 100 Canadian CFOs from organizations that offer year-end bonuses
to employees. Respondents were from a random sample of Canadian
CFOs whose companies offer year-end bonuses were asked, "Does your company plan to increase, decrease or leave employee bonuses
unchanged this year?" Their responses:
Increase from last year
Unchanged from last year
Decrease from last year
Don't know/no answer
*Numbers do not total 100 percent due to rounding.
Changes to bonus levels are projected to vary by industry. Manufacturing
is the sector with the largest percentage of CFOs, 33 per cent, expecting to pay lower bonuses. Whereas workers in wholesale and
transportation are likely to receive bigger bonuses; 17 and 14 per cent of CFOs in those sectors, respectively, anticipate increases in bonuses
"Year-end bonuses can show employees that their hard work throughout the
year is valued and that they are appreciated by the organization," said
Greg Scileppi, president of Robert Half, International Staffing
"Monetary bonuses, though, are not the only way firms can reward their
teams. For firms who are not planning on awarding bonuses, or are
looking to scale back from last year, nonmonetary perks like training
opportunities, staff celebrations or additional vacation time can be an
effective way to acknowledge and reward teams."
Note: For additional information on employee compensation, including
starting salary projections for 2014, visit www.roberthalf.ca/salary-centre.
About Robert Half
Founded in 1948, Robert Half is the world's first and largest
specialized staffing firm. The Menlo Park, Calif.-based company has
more than 350 staffing locations worldwide and offers online job search
services on its divisional websites, all of which can be accessed at www.roberthalf.ca. Follow Robert Half on Twitter at twitter.com/RobertHalf_CAN, and gain insights on the latest financial hiring and salary trends at www.roberthalf.ca/salarycentre.
SOURCE: Robert Half Canada
For further information:
Contact: Naz Araghian
416.350.2330 ext. 62132