what’s inside the 2021 salary guide
The 2021 Salary Guide is packed with compensation data for dozens of core markets across Canada. With the COVID-19 pandemic providing a new layer to how you must think about salaries and benefits in 2021, building a strong and cohesive compensation structure is more important than ever. The 2021 Salary Guide will be your go-to resource for compensation planning and strategy. What you will find:
- detailed salary data for hundreds of job titles and locations across Canada
- salaries defined for entry, intermediate and senior experience levels
- noteworthy salary trends and insights in 2021
download the 2021 salary guide
sectors in the salary guide
job market trends
Most employers (61.2%) have held off making changes to the size of their workforce in the immediate aftermath of the COVID-19. 35.8% reduced the size of their workforce by furloughing or terminating workers. 3% of employers increased the size of their workforce to respond to an urgent increase in demand.
openness to flexible work
In spring 2020, many employers shifted their workforce to remote work. Even highly traditional firms and small businesses made the transition. Experiencing remote work first-hand made organizations more open-minded to building a long-term remote work strategy. Organizations are also realizing benefits such as reducing the overhead costs of office space and being able to promote flexible work as a perk for employees.
impact of CERB
The Canada Emergency Response Benefit (CERB) and other programs that are available to support out-of-work Canadians have led to higher wages in traditionally low-paying jobs. Jobs that were traditionally filled at minimum wage often must be posted at wages $1-3 higher to attract workers. Temporary hazard pay is another common trend to attract low-wage workers.
candidates seek stability
Uncertainty in the job market has made workers less willing to switch jobs right now. Those who have steady jobs are reluctant to leave. And active job seekers are looking for work in stable industries that have withstood the ups and downs of the pandemic, such as banking, insurance, pharmaceuticals, and food production.
want to learn more about these trends?
more salary insights
alternatives to increasing employee salaries
With COVID-19 slashing budgets for many companies, salary increases have been put on hold. If you can’t offer a salary increase, here are some alternative ways to reward your employees for their hard work. Read the article.
building attractive compensation packages post-COVID-19
Now is not the time to cut benefits. It’s time to adjust them to meet the changing times. Here are 6 ways to build an attractive compensation package post-COVID-19. Read the article.