Compensation Planning Outlook 2015

The Conference Board of Canada, 40 pages, October 30, 2014
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In a slow-growth Canadian economy, organizations are planning moderate increases for 2015. The average base pay increase for non-unionized employees is projected to be 2.9 per cent.

Document Highlights

Based on responses from the 382 organizations who participated in this year’s Compensation Planning Outlook survey, the average base pay increase for non-unionized employees is projected to be 2.9 per cent for 2015. This increase is 1 percentage point higher than the 1.9 per cent inflation rate forecast for 2015. Average increases to salary ranges (or “structures”) are expected to be 1.7 per cent in 2015, the same as the 1.7 per cent increase realized in 2014. Eleven per cent of organizations with salary range structures plan to hold their ranges constant in 2015, down from 19 per cent in 2014. Other survey results included in the report address base pay, short- and long-term incentive plans turnover, rewards strategy and priorities, recruitment and retention, and unionized wage increases.

Table of Contents

Executive Summary

Résumé

Chapter 1—Compensation Planning and Practices

  • Managing Base Pay
  • Differentiating Base Pay
  • Short-Term Incentive Plans
  • Differentiating Short-Term Incentives
  • Long-Term Incentive Plans
  • Rewards Strategy and Priorities

Chapter 2—Human Resources Management

  • Recruitment and Retention

Chapter 3—Collective Bargaining

  • Base Pay Increases
  • Short-Term Incentive Pay
  • Negotiation Issues

Appendix A—Glossary

Appendix B—Respondent Profile

Appendix C—Participating Organizations

Appendix D—Bibliography

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