Compensation Planning Outlook 2020

The Conference Board of Canada, October 31, 2019
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The 2020 edition of the Compensation Planning Outlook provides the key take-aways from our annual compensation survey and forecast.

Document Highlights

  • Organizations are planning moderate base salary increases for 2020, with the average base pay increase for non-unionized employees projected to be 2.5 per cent.
  • Projected increases are highest in the pharmaceutical and chemical industry (2.9 per cent) and lowest in education (2.1 per cent).
  • Short-term incentive plans remain an important part of the total rewards package. Over three-quarters of survey respondents (79 per cent) have at least one of these plans in place.
  • For 2020, 18 per cent of compensation planners expect the size of their workforce to increase, with 7 per cent anticipating workforce reductions.

Table of Contents

Summary for executives

  • Key findings
  • Slower economic growth continues
  • Organizations facing human capital challenges
  • What page is that on?

Section 1: Compensation planning

  • Key findings
  • Managing base pay
  • Incentive pay

Section 2: Collective bargaining

  • Key findings
  • Wage increases
  • Short-term incentive pay
  • Negotiation issues

Section 3: Human capital and talent trends

  • Key findings
  • Rewards strategies and priorities
  • Managing performance
  • Recruitment and retention
  • Turnover
  • Retirement
  • Employee absences

Appendix A: Glossary

  • Employee group definitions
  • Base pay increase definitions

Appendix B: Respondent profile

Appendix C: Participating organizations

Appendix D: Bibliography

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