New Professional Member Special>>> Save $15 and receive a SHRM tote bag
Many HR pros are surprised to learn that legal protection from retaliation isn’t always guaranteed for them.
Save $15 on a Professional Membership and Receive a FREE Tote Bag.
Get the HR education you need without travel expenses or time out of the office.
We don't just visit a city, we take it over. Join us in NOLA -- June 18 - 21, 2017.
Canadian employers expect salaries to rise by an average of 2.8 percent in 2015, according to HR consultancy Morneau Shepell’s annual
Compensation and Trends in Human Resources survey report. This forecast is up slightly from the average 2.6 percent salary increase expected for 2014.
“Employers are relatively optimistic about the coming year,” Michel Dubé, a principal in Morneau Shepell’s compensation consulting practice, said in a news release. “Those expecting a significant increase in revenue, operating budgets and staffing outnumber those expecting decreases by four to one. Despite this optimism, employers are still cautious about the salary increases, which likely reflects reduced competitive pressures in an environment of relatively high unemployment and low inflation.”
SHRM Online recently reported that the
average raise in base pay for 2015 in the U.S. is projected to be 3.1 percent.
The results of the Morneau Shepell survey showed higher-than-average expected salary increases in the mining, oil and gas sector (3.4 percent) and in the professional, scientific and technical services sector (3.0 percent), reflecting increased competition for talent.
Lower-than-average increases are expected in certain industry groups facing economic challenges, such as wholesale and retail trade; average salary increases of 2.4 percent are anticipated in those industries.
The survey was conducted between mid-June and the end of July 2014, with input from organizations employing 800,000 people in Canada and representing a broad cross section of industry sectors.
Companies to Invest in Training, Mental Health
About half of the survey respondents indicated that improving total rewards communication, training and development programs, and workplace health and well-being are priorities for 2015.
Workplace mental health is now the leading cause of sick leave and disability and is a growing concern, according to Morneau Shepell. The Conference Board of Canada estimates that mental illness costs employers more than $20 billion per year. Fifty percent of responding employers said they conduct mental health training for managers or were planning to implement such training in the next 12 to 18 months.
Organizations are also looking for ways to reduce costs and be more efficient. Priorities include finding ways to reduce sick leave and disability costs, and reducing the cost of benefits and retirement plans. About one-third of employers with defined benefit pension plans indicated they would be reviewing plan design or employee cost-sharing options, and about one-quarter said they would be looking at whether they should convert to defined contribution plans.
Roy Maurer is an online editor/manager for SHRM.
Follow him at
SHRM Online Global HR page
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Join SHRM's exclusive peer-to-peer social network
SHRM’s HR Vendor Directory contains over 3,200 companies