Expected Compensation Changes Due to Current Economic Concerns

November 2008
WCBC conducted an e-pulse online survey of 340 Canadian employers in October, 2008 to ascertain whether 2009 compensation planning has been affected by recent economic concerns.

Highlights of Findings

• Two-thirds (63%) of employers have not changed their planned increases to base salaries and 71% have not changed their planned salary range increases. Private sector and large employers are most likely to have changed their plans.
  
• Although it varies by industry and organization level, the average expected increase in base salaries is approximately 1% less than was anticipated by employers in August/September of 2008.
  
• With regard to the “non-salary” components of compensation, employers’ focus will be on their short-term, medium-term and long-term incentive plans.
  
  

Full results of current e-pulse surveys are available to participants only. To be included in future e-pulse surveys, please contact us.

For those organizations that were unable to participate in this e-pulse survey, you can purchase WCBC’s current Salary Increases & Compensation Policy Survey, which contains updated salary increase information.