An era of stable salary increase continues

Salary increases expected to be about three per cent for 2004
By Uyen Vu
|Canadian HR Reporter|Last Updated: 04/07/2004

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mployers are taking this year’s spate of bad news in stride as they’re drawing up expected salary increases for 2004, three compensation surveys have found.

It’s business as usual, said nine out of 10 participants in Hay Group’s survey of 364 Canadian and American employers. Expected salary increases average 3.0 per cent for 2004, down only slightly from the 3.3-per-cent actual increase in 2003 and the 3.1-per-cent projection in 2003.