Salary survey: What are Canadian employers planning for 2024?

September 5, 2023

Salaries are set to rise for the coming year but not as great as they have in the past few years, according to new research.

In its latest annual wage outlook report, Normandin Beaudry predicts that pay cheques will be enhanced to the tune of 3.6% for 2024 despite some negative expectations in the overall economy.

“While a recession remains a possibility in the coming months, organizations are planning on granting increases in excess of 3% for a third year in a row,” says Darcy Clark, senior principal, compensation at Normandin Beaudry.

Source: HR Reporter