Compensation Planning Outlook 2025: Is Pay Transparency the New Competitive Advantage?

Compensation Planning Outlook 2025: Is Pay Transparency the New Competitive Advantage?

Human Resources
Pages:39 pages18 min read

Author: Liz Marcil, Tabatha Thibault, Tyler De Melo

$1,295.00

This research examines compensation trends, including actual increases for 2024 and projections for 2025, and explores how Canadian organizations are implementing pay transparency.

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In this research, we examine compensation trends for non-unionized employees in Canadian organizations.

What’s the current state of inflation in Canada and how will it affect the job market in the coming year? How are employers approaching salary increases and short-term incentive plans? How are Canadian organizations implementing pay transparency? We share our outlook for Canada’s economy and report on actual and projected salary increases for 2024 and 2025.

Read the data briefing to get our full analysis.

Key findings
Canada’s economy will slowly pick up in 2025
Annual trends in wage increases and salary trends
Maintaining a competitive position continues to top the priority list
How are organizations keeping compensation competitive?
Base pay increases expected to stay above three per cent in 2025
Salary increases for 2024 and 2025
Regional pay trends
Links between pay increases and performance
Short-term incentive plans
Pay transparency
Conclusion
Appendix A: Methodology
Appendix B: Glossary
Appendix C: Respondent profile
Appendix D: Participating organizations
Appendix E: Bibliography

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