Compensation Planning Outlook 2022: Pulse Check

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Compensation Planning Outlook 2022: Pulse Check

Human Resources
1 min read

Author: The Conference Board of Canada


This briefing summarizes the results of the survey in October-November 2021, to discover if organizations were adjusting their projected pay plans for 2022. It follows up on the Compensation Planning Outlook 2022.

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  • As organizations prepare for the future, they seem optimistic and are revising projected salary increases. The average pay increase for non-unionized employees is forecast to be 2.7 per cent in 2022, up from the 2.4 per cent projected in the summer of 2021.
  • Only 12 per cent of Canadian employers surveyed do not yet have at least preliminary salary budgets. Pay freezes are also declining with only 2 per cent of organizations planning a pay freeze.
  • As organizations focus on increasing salaries to remain competitive, they are holding steady with their 2022 short-term incentive targets.
  • Pressure will increase on pay planners across Canada in the short term. They continue to face the challenge of offering affordable, competitive total rewards packages as inflation outpaces salary increases.

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