Modest salary increases planned for next year

October 13, 2020

Restraint seems to be the theme for employers planning salary budgets for 2021 due to the COVID-19 pandemic and Canadians may expect modest salary increases, according to a study from The Conference Board of Canada.

The average pay increase for non-unionized employees is projected to be 2.1 per cent next year, with the inflation also expected to be at 2.1 per cent.

Source: HR Reporter