Compensating employees in the era of three per cent

Salary surveys show employers are looking beyond across-the-board pay raises as a way to compensate employees
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 11/02/2015

Employees in Canada who are hoping for large pay increases next year may be disappointed.

Surveys on expected base salary increases for 2016 show that, on average, employees will likely see their pay go up by no more than three per cent.

"Three per cent seems to be the new norm. It’s been the new norm for quite some time," says Sandra McLellan, North American practice leader, rewards, for Towers Watson.