Compensation Planning Outlook

Labour market gets boost from vaccine rollout.

Updated: December 9, 2021

Each year, the Conference Board’s Compensation Planning Outlook provides a trusted forecast for compensation and HR professionals across the country. This 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.

The Compensation Planning Outlook summarizes the results of the Conference Board’s annual survey. This data briefing will discuss the effect of the vaccine rollout, the 35 and how employers are responding.

Subscribers

Access the data briefing Access the pulse check data briefing

Non-subscribers

Data Briefing

Based on the insights of 363 Canadian organizations—representing over 1 million employees—that participated in the Compensation Planning Outlook 2022 survey, this data briefing provides comprehensive information on:

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

* Data for unionized employees will be presented in the Labour Relations Outlook 2022: The Bargaining Environment (forthcoming)
Hand guesturing while in a virtual meeting

Highlights

2.4%

Projected 2022 salary increase for non-unionized employees

50%

Organizations that exceeded short-term incentive target payouts

9%

Organizations planning a 2022 pay freeze across all employee groups

24%

Organizations that do not yet have preliminary 2022 budget recommendations

Data Briefing: Pulse Check

This follow-up to the Compensation Planning Outlook 2022 explores how organizations are adjusting their projected pay plans for the coming year.

Based on insights from the 219 organizations that participated in the pulse check, this data briefing provides information on:

  • The pay environment
  • Updated non-unionized pay increase projections
  • Status of salary budgets
  • Plans for short-term incentive targets
Hand guesturing while in a virtual meeting

Highlights

2.7%

Projected 2022 salary increase for non-unionized employees

72%

Organizations revising 2022 planned salary increases

2%

Organizations planning a 2022 pay freeze across all employee groups

12%

Organizations that do not yet have preliminary 2022 budget recommendations

“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.”

Participate in the 2023 Compensation Planning survey and receive the report for free.

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