Compensation Planning Outlook

By Human Resources Team • Updated October 21, 2024

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 2025

3.7%

Average non-unionized salary increase for 2024

3.4%

Projected average non-unionized salary increase for 2025

3.2%

Projected salary freezes for 2025

48.5%

Organizations that include pay or pay ranges for all positions and in all provinces

Part 1

Is Pay Transparency the New Competitive Advantage?

October 21, 2024

Since 2017, many Canadian employers have felt the effects of an ever-tightening labour market. Throughout this period, there have been more jobs available than workers to fill them, and employers have felt the impact on their day-to-day operations. They have experienced higher-than-usual turnover and had to compete for talent. At long last, the labour market is expected to soften in 2025 as a result of strong population growth and a declining demand for labour.

Data briefing • 18-min read

Access research

See all series research

Testimonial

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.

Client