Compen­sation Planning Outlook 2021

Updated: September 29, 2020

Each year, the Conference Board’s Compensation Planning Outlook provides a trusted forecast for compensation and HR professionals across the country. This benchmarking report gives the most up-to-date data, essential for any organization looking to secure the talent they need to succeed in an increasingly competitive marketplace.

Based on the insights of 401 Canadian organizations—representing over 1 million employees—who participated in the 2021 Compensation Planning Outlook Survey, this data briefing provides comprehensive information on:

  • The pay environment
  • Non-unionized and unionized pay increases
  • Incentive pay and plans
  • Labour market challenges

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I can always count on The Conference Board of Canada to give me the most up-to-date and accurate salary planning data. Year after year, I eagerly await this trusted publication to plan my company’s salary range adjustments and merit budget.

Highlights

40%—organizations that do not yet have preliminary 2021 budget recommendations

2.1%—non-unionized employees’ projected 2021 salary increase

14%—organizations planning a 2021 salary freeze across all employee groups

1.6%—projected 2021 negotiated wage increase for unionized employees

Ask an Expert

Employers have and will continue to face a multitude of challenges in their compensation planning for 2021. Our Human Resources expert, Allison Cowan, shares insights from the latest Compensation Planning Outlook 2021.

2021 projected salary increase

(n = 335; average percentage of base pay; non-unionized employees)

Source: The Conference Board of Canada.

The Compensation Planning Outlook report always provides great information. As an HR professional, The Conference Board of Canada has proven to be a trustworthy source for my various research needs.

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