2023 Salary Increase Update

 In Salaries & Incentives

Canadian Employers Revise 2023 Salary Increase Projections

In light of the high rate of inflation, planning for appropriate salary increases in 2023 continues to be a challenge for employers.

While inflation has come down marginally, the unemployment rate is low and many employers are experiencing difficulties in attracting and/or retaining employees.

To help employers to continue to monitor this important issue, Western Compensation & Benefits Consultants (“WCBC”) surveyed 168 Canadian employers on the level of salary increases provided in 2022, along with their salary increase plans for 2023.

Results Released To Survey Participants January 2023

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