Compensation Planning Pulse Check Outlook—January 2025

Compensation Planning Pulse Check Outlook—January 2025

Human Resources
Pages:21 pages5 min read

Author: Liz Marcil, Tabatha Thibault, Tyler De Melo

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Compensation Planning Outlook 2025: Pulse Check

In this research, we examine the results of a survey of 159 Canadian organizations to provide an update on the pay environment and projected salary and short-term incentive plan payouts for 2025.

Have Canadian organizations changed their 2025 salary projections since spring 2024? What is the projected average pay increase for non-unionized employees? What key factors have influenced whether organizations have revised their salary projections for 2025?

Read the data briefing to get our full analysis.

Key findings
A mid-year check‑in: Understanding the Pulse Check report
Labour market tightens, but wages aren’t budging
Few organizations are revising their salary projections
More organizations are adjusting salaries downward
Market rates and business costs have influenced adjustments
Overall, projections haven’t changed since the spring
Salary freezes are unlikely in 2025
Most organizations maintain their short‑term incentive targets
Final thoughts
Appendix A: Methodology
Appendix B: Glossary
Appendix C: Respondent Profile
Appendix D: Participating organizations
Appendix E: Bibliography

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