Executive compensation recovering

While compensation should return to pre-recession levels next year, methods of determining pay are changing to include stock units, clawbacks
By Angela Scappatura
|Canadian HR Reporter|Last Updated: 09/17/2009

As Canada continues to climb out of recession, business is beginning to see compensation rates recover. And by 2010, some industries should see bonuses and pay increases reach pre-recession levels, says Robert Levasseur, a senior executive compensation consultant at Watson Wyatt in Toronto.

In perhaps the first indication of recovery, the financial sector is showing signs of a return to previous standards, he says.

“The financial sector is unique,” he says. “Especially when we’re dealing with capital markets, bonuses are up again and sometimes higher.”