New data from a CareerBuilder Canada survey suggests that Canadian employers plan increases in starting and existing compensation as companies feel they are in a better financial position than a year ago.
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Get Your Report Now!The survey also shows that as sales increase, employers plan to recruit full-time permanent employees across a variety of business functions and levels, including IT, customer service, sales, and production.
In order to recruit and retain the best talent, companies will have to offer competitive salaries, especially for hard-to-fill positions.
CareerBuilder says that compensation is becoming more competitive for specialized labor, with 33 per cent of employers planning to raise starting salaries for high-skill roles in 2014.
Looking across positions within an organization, survey results show 83 per cent of employers plan to increase compensation for existing employees, while 62 per cent will offer higher starting salaries for new employees. Most increases will be 3 percent or less.