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The 2024 federal budget and your total rewards offering

The federal budget released on April 16, 2024, contains measures that could have a direct or indirect impact on your organization’s total rewards offering. Our experts have put together a watch list in light of the available information.

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Salary increases for 2024: Canadian budget forecasts remain stable since summer

In late 2023, more than 430 organizations across Canada took part in Normandin Beaudry’s Salary Increase Pulse Survey.

As inflationary pressure slowly tapers off and the labour market begins to balance out, the survey sought to confirm the 2024 salary forecasts established by the organizations last summer.

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Normandin Beaudry Pension Plan Financial Position Index – Quebec Municipal and University Sector, March 31, 2024

The year 2024 is off to a positive start for pension plans, with favourable stock market returns and rising interest rates, which tend to reduce the value of pension plan liabilities.

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Compensating your sales force: When paying pays off

Prescription drugs, the indomitable expense?

Client proximity: Staying in tune with their needs

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Total rewards: Working together to innovate

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