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
“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.”
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.”
Get the 2022 Compensation Planning Outlook for free
Just participate in next year’s survey
Send us an e-mail