Salary forecast

The Normandin Beaudry Salary Increase Survey: an essential tool to guide your strategic decision-making for compensation matters. Every year, discover the latest salary increase trends in your industry by participating in our free summertime survey.

Salary increases for 2024 : budgets remain high

This summer, more than 700 organizations across Canada participated in the 13th edition of Normandin Beaudry’s Salary Increase Survey. The detailed analysis conducted by our compensation specialists provides insights and trends that can be used to support strategic compensation decisions.

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September 2023

2024 salary increase projections: Increases to remain high, but lower than the past two years  

In just four weeks, more than 325 organizations took part in our 2024 Salary Increase Survey. Preliminary results show that the country’s average salary increase budgets granted in 2023 reached 4.0%—slightly below last winter’s initial projection of 4.2%. Current projections for 2024 are calling for average salary increases of 3.5%, excluding salary freezes. 

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July 2023

2024 Salary Increase Survey: It’s time to participate!

The data collection period has begun! It’s free, will only take 15 minutes of your time: you have until July 7th to participate.

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June 2023

The 2024 Salary Increase Survey is right around the corner! 

Have questions about salary increases and would like to take part in the survey, free of charge?  

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June 2023

Salary increases, inflation and labour shortages

In recent months, organizations have been under mounting pressure to raise employee pay. In an already complex environment marked by the current labour shortage, another much-talked-about economic issue has influenced salary increase decisions: inflation.

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March 2023

Salary budgets increase again in Canada 2023 with an upward salary revision!

In late 2022, more than 440 organizations across Canada took part in Normandin Beaudry’s pulse survey on salary increase projections.

The survey was meant to confirm the 2023 salary forecasts established by the organizations last summer in response to the unique economic landscape and difficult job market conditions.

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January 2023