Companies lower 2009 salary increases due to economic uncertainty

Average wage increase could fall to 3.4 per cent from earlier 3.9 per cent forecast: Conference Board
||Last Updated: 11/05/2008

Canadian workers will receive lower salary increases in 2009 as organizations focus on cost cutting in an uncertain economic environment, according to a report from the Conference Board of Canada

Even before the financial crisis began in September, organizations were projecting lower increases for 2009 and the Conference Board's

2009 Compensation Planning Outlook