Find answers to your questions concerning the vital topic of compensation and related issues, such as incentive plans, human resources challenges, benefits and collective bargaining, in this publication.
Compensation Planning Outlook 2007: Labour Shortages Put Pressure on Pay
Compensation Planning Outlook 2007: Labour Shortages Put Pressure on Pay
Human Resources
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The average non-union pay increase for 2007 is projected to be 3.9 per cent nationally. The highest increases—averaging 5.5 per cent—will occur in the oil and gas industry.
Wage settlements for unionized workers are expected to average 3 per cent in 2007.
Recruitment and retention issues are intensifying: 74 per cent of survey respondents report challenges in recruiting and/or retaining employees with specific skills.
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