Canadian employees can expect an average salary increase of 2.6 percent in 2014, according to a national survey of public and private sector employers conducted by Hay Group.
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Projected increases for Canada continue to be much lower than projected increases of 3.7 percent before the 2008-2009 economic downturn.
More than 500 Canadian organizations provided details of their planned salary adjustments for 2014 for the Hay Group survey, which was conducted in June and July. Participants include many of Canada's leading employers, according to a press release.
Newfoundland and Labrador (at 4.0 percent), Saskatchewan (at 3.4 percent) and Alberta (at 3.2 percent), lead the country, buoyed by their resource industries. A clear divide between the provinces continues, with resource-rich provinces coming in between 3.2 percent to 4.0 percent, with the rest of Canada predicting increases of 2.1 percent to 2.6 percent, all of them at or below the national average.
Details of the survey results will be released at a series of breakfast presentations being held by the Hay Group in major cities across Canada in September.