Three-quarters of workers unhappy with current salary

Men more likely to receive raise when they ask: Survey
|hrreporter.com|Last Updated: 09/16/2014

Almost three-quarters of Canadian workers (71 per cent) do not currently make their desired salary, according to a CareerBuilder.ca survey of 431 hiring managers and HR professionals and 422 workers.

Men are slightly more likely to be satisfied with their annual take-home pay — 31 per cent reported they currently make their desired salary, compared to 28 per cent of women.

And older workers are more likely to have reached their desired salaries, though most still feel they fall short. Twenty-two per cent of workers aged 18 to 34 said they earn their desired salaries, compared to 29 per cent of those aged 35 to 44, 30 per cent of 45- to 54-year-olds, and 37 per cent of workers aged 55 and up.

Fifty-thousand dollars per year may be a tipping point when it comes to salary satisfaction, found CareerBuilder.ca. Twenty-two per cent of workers who make less than $50,000 per year said they earn their desired salary, compared to 42 per cent of those making $50,000 per year or more.

What salary level do you need to be successful?

Under $30,000

5%

$30,000 to $39,999

10%

$40,000 to $49,999

15%

$50,000 to $59,999

16%

$60,000 to $69,999

15%

$80,000 to $89,999

7%

$90,000 to $99,999

5%

$100,000 to $149,999

11%

$150,000 to $199,999

2%

$200,000 or more

4%

Highlights of the survey

•45 per cent of workers have ever asked for a raise and 61 per cent of those who have asked say they received the raise.

•51 per cent of men said they’ve asked for a raise, and of those men, 70 per cent say they received the raise.

•41 per of women have asked for a raise, with a 53 per cent success rate.

•43 per cent of workers said they would want their company to openly disclose the salaries of all workers in the firm.

•51 per cent of employers said their organization already openly discloses employee salaries.

•44 per cent said the salary is typically disclosed in initial job postings.

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