2012 looking a lot like 2011 on wage front

But hiring – particularly full-time – expected to be on the upswing
By Rachel Finan
|Canadian HR Reporter|Last Updated: 12/06/2011

Why do you go to work? While there are arguments from all sides for total rewards strategies that engage employees with a minimal focus on base increases, at the end of the day, base pay is what attracts and retains staff. Otherwise, we’d work for free.

Professional consulting firms can provide employers with market data on salaries so employers can ensure they’re in line with competitors. Focus groups at peer organizations are also effective at providing information while tailored surveys can be even more accurate.

Survey data can be used to ensure internal equity among existing employees and to help define market rates for hiring new talent.