Pay raises expected to climb slightly

Average wage increases peggedat 3.4 to 3.8 per cent for 2007
By Uyen Vu
|Canadian HR Reporter|Last Updated: 07/23/2007

Canadian employers will have to open up their coffers to fund pay increases to the tune of about 3.4 to 3.8 per cent in 2007 and employers in the West will have to dig even deeper, according to recent salary surveys from a number of major consulting firms.

Pushed by a labour shortage, employers in the oil and gas sector are expected to lead the pack when it comes to wage increases, with Mercer Human Resource Consulting projecting average pay raises of 5.6 per cent for 2007.

The lowest estimates for Alberta, cited in Morneau Sobeco’s