8/21/12

2.7% average Ontario salary increase forecast

The Hay Group, a global management consulting firm operating in 48 countries, has forecast a 2.7% average salary increase in Ontario for 2013, the same as for 2012. The forecast is based on a survey of public and private sector employers.

Notwithstanding this, the Ontario Liberal government is proposing a wage and compensation freeze for public sector workers and also demanding other concessions from workers in bargaining.

The Ontario average lags the Canada-wide forecast of 2.9% in 2013.  The Canada-wide 2013 forecast, is slightly higher than the 2012 forecast of 2.8%.  (Although the Hay Group notes that "the actual base salary changes realized in 2012 were higher than projected in almost all sectors".)

The Hay group says, "More than 500 Canadian organizations provided details of their planned salary adjustments for 2013 for the Hay Group survey, which was conducted in June and July. Participants include many of Canada’s leading employers."

The Hay Group forecasts a 9.5% increase in China.

No comments:

Post a Comment