Pay hikes to average 3.2 per cent in 2004

By David Brown
|Canadian HR Reporter|Last Updated: 10/02/2003

D

espite SARS, mad cow disease, forest fires, trade disputes and a generally soft economy, Canadian employers feel optimistic about 2004 and expect to give pay increases well above inflation, though slightly below raises granted this year.

Two surveys of Canadian organizations both reveal average increases for 2004 will be very close to 3.2 per cent. Actual raises for 2003 averaged 3.3 per cent.