WorldatWork Survey: Canadian Employers Hold the Line on Planned Salary Increases



    SCOTTSDALE, ARIZ., August 2 /CNW/ - The WorldatWork Salary Budget Survey,
the largest of its kind, finds that Canadian companies are planning an overall
salary budget increase of 4 percent in 2007, up from 3.8 percent last year.

    The 34th annual WorldatWork Salary Budget Survey finds that, on average,
organizations in Canada are awarding a base pay increase to 91 percent of all
employees this year. WorldatWork, an international association of human
resource professionals and business leaders focused on attracting, motivating
and retaining employees, conducts the largest and most comprehensive salary
budget survey in the industry.

    Total salary budget increases for Canada are projected to decline to 3.9
percent next year. Employers in Hamilton, Montreal, Ottawa and Toronto already
report a decline in salary budget increases this year (see chart).

    Salary budgets - the total amount of money allocated by an organization
for all employee salaries - do not include other employment hard costs, i.e.,
medical/dental insurance, payroll taxes, 401(k) match, etc. Base pay increases
may come from merit increases, cost of living increases and general increases
(promotional increases are excluded).

    "In this era of 4-percent increases, managers will have to think more
holistically in order to produce meaningful rewards," said Anne C. Ruddy, CCP,
president of WorldatWork. "HR practitioners need to learn the art and science
of 'total rewards' to attract, motivate and retain talent. Compensation is one
of the elements, but so are benefits, work-life, recognition, and career
development."

    WorldatWork Salary Budget Survey data includes results for the United
States and Canada, major metropolitan areas and provinces in Canada, major
industries as well as data by organization size.

    Salary Budget Increases by Major Metropolitan Area (Canada)

    
                                           Actual      Actual   Projected
                                            2006        2007       2008
    ----------------------------------------------------------------------
    Calgary                                 3.9%        4.0%       3.9%
    ----------------------------------------------------------------------
    Edmonton                                3.9%        3.9%       3.9%
    ----------------------------------------------------------------------
    Hamilton                                3.6%        3.5%       3.6%
    ----------------------------------------------------------------------
    Montreal                                3.7%        3.5%       3.6%
    ----------------------------------------------------------------------
    Ottawa                                  3.9%        3.5%       3.6%
    ----------------------------------------------------------------------
    Quebec                                  3.5%        3.6%       3.7%
    ----------------------------------------------------------------------
    Toronto                                 3.7%        3.6%       3.6%
    ----------------------------------------------------------------------
    Vancouver                               3.7%        3.7%       3.7%
    ----------------------------------------------------------------------
    Winnipeg                                  -         3.5%       3.6%
    ----------------------------------------------------------------------
    

    Media interested in a complimentary e-copy of the report may contact
Marcia Rhodes at mrhodes@worldatwork.org or 480/348-7285. All others, please
contact Customer Services at 877/951-9191. The cost is USD$210 per copy.

    Survey respondents are WorldatWork members employed in the HR,
compensation and benefits departments of mostly large North American
companies. Combined, the survey's 2,500 participating organizations represent
more than 15 million North American employees.

    Note to editors: A Salary Budget Survey is different from a Salary Survey
in that a salary survey compares salary data for specific positions by title
and location. On the other hand, salary budget survey results are a benchmark
used by employers and HR practitioners to understand what the competitive
labor market is planning to spend on salary increases.

    About WorldatWork(R)

    The Total Rewards Association

    WorldatWork (www.worldatwork.org) is an international association of
human resource professionals and business leaders focused on attracting,
motivating and retaining employees. Founded in 1955, WorldatWork provides
practitioners with knowledge leadership to effectively implement total rewards
- compensation, benefits, work-life, performance and recognition, development
and career opportunities - by connecting employee engagement to business
performance. WorldatWork supports its 30,000 members and customers in 75
countries with thought leadership, education, publications, research and
certification.

    The WorldatWork group of registered marks includes: WorldatWork(R),
workspan(R), Certified Compensation Professional or CCP(R), Certified Benefits
Professional(R) or CBP, Global Remuneration Professional or GRP(R), Work-Life
Certified Professional or WLCPTM, WorldatWork Society of Certified
Professionals(R), and Alliance for Work-Life Progress(R) or AWLP(R).




For further information:

For further information: WorldatWork, Scottsdale Marcia Rhodes, APR,
480-348-7285 mrhodes@worldatwork.org

Organization Profile

WORLDATWORK

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890