Salary increases for 2013 hovering around 3 per cent mark

Alberta, mining, oil and gas industry expecting highest gains
By Amanda Silliker
|Canadian HR Reporter|Last Updated: 09/25/2012

Canadian employers are expecting to pay out base salary increases of 2.6 per cent to 3.2 per cent in 2013, according to the latest salary surveys.

Employers are predicting an average increase of 2.9 per cent, found a survey of 500 organizations by Hay Group.

“It’s a pretty optimistic number relative to the last three years,” said Karl Aboud, director of Hay Group’s Canadian reward practice in Toronto. “Since the 2009 economic turmoil, we have found for each of the last three years, the increase has been a quarter of a percentage point to where it’s now about three per cent.”