Compensation Planning Outlook

Salary Increases Lag Behind Inflation

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 data briefing for the Compensation Planning Outlook summarizes the results of the Conference Board’s annual survey for non-unionized employees. Data for unionized employees will be captured in this year’s Labour Relations Outlook.

Highlights from the Compensation Planning Outlook 2024


Average non-unionized salary increase for 2023


Projected average non-unionized salary increase for 2024


Projected salary freezes for 2024


Organizations that use the 50th percentile as their base pay target

Pulse Check

March 12, 2024

The Pulse Check survey is conducted in the fall and focuses on projected base pay and incentive pay adjustments for non-unionized employees in the upcoming fiscal year. The results highlight if and how organizations adjusted their compensation strategies between the spring and fall of each year, allowing readers to gauge the pace necessary for their organizations to stay competitive and in line with similar organizations.

Data briefing  •  10-min read

A standoff between wages and inflation

November 9, 2023

Canadian households are spending their savings faster than they can accumulate them. At the same time, disposable income growth is expected to slow this year, largely due to the burden of increased interest costs. Together, this will lead to constrained consumer spending and could contribute to a slow-motion decline in Canada’s economic situation.

Data briefing  •  30-min read

Tops of skyscrapers


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.


Become a Subscriber

Critical intelligence in the war for talent. Our Human Resources package prepares you and your organization for the workforce of today and tomorrow.