Canadians will get raises in 2013: survey

Data released today predicts average salary increases of 2.9% in Quebec and across Canada in 2013. This is 0.3% higher than the expected forecast and 0.1% more than the average in 2012.

The new survey was conducted by seven compensation-consulting firms, which included Mercer and Towers Watson.

Despite the uncertainty of the global economy, the stabilization of the inflation rate in Quebec and in the rest of Canada means workers will be able to enjoy higher raises, says Florent Francoeur, President and CEO of Ordre des conseillers en ressources humaines agréés.

Read: Inflation dips to 1.2% in Canada

The construction, transportation and warehousing sectors are expected to receive the largest compensation boosts, while the wholesale and retail sectors will post the smallest increases.

Overall, senior executives will enjoy the highest overall raises, followed by managers and professionals, and administrative and technical employees.

Read: Top bank chiefs enjoy double-digit raises

In terms of provincial stats, Alberta is in the lead. Its workers will see 3.7% increases on average. Quebec (2.9%) and Ontario (2.8%) follow, and the Atlantic provinces are trailing slightly behind at 2.5%.

And if you don’t hold a high position, don’t despair, says Francoeur. “Although we tend to think employers always enjoy the highest increases, it seems everyone will have a piece of the pie in 2013.”

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