Your salary set to increase in 2011: report
Yes, after an endless loop of terrible economic news – stocks retreating in reaction to a gloomy U.S. outlook, a sagging housing market and the looming double-dip recession – we’re here today with a positive report: your long-suffering wallet might soon get a boost.
According to a new survey of Canadian employers, Canuck workers can expect to see their salaries grow by almost three per cent next year.
By consultant Mercer’s numbers, Canadian salaries will jump by 2.9 per cent in 2011 – a nice change of pace in an era where “wage freeze” has become an all-too-common phrase in the working world.
While workers in the oil/gas sector and other resource-based industries are set to see the biggest gains, Mercer suggests, everyone should be seeing more dough in 2011 than years past. The near-three per cent wage hikes forecasted for 2011 are up from the 2.7 per cent workers saw in 2010 and well above the measly 2.0 per cent they slugged through in 2009.
“Overall, the dampening impact on salaries caused by the 2009 economic crisis is subsiding,” consulting firm Aon said in a release reacting to the news. “Most employers are expecting to be in a position to afford more aggressive salary increases than they have implemented in recent years.”
In fact, not only will wages begin to increase at a reasonable rate again, the whole idea of the recession-inspired salary freeze looks set to become a thing of the past.
Of the 600-plus employers Mercer questioned for their survey, only two per cent say they project a ‘cross-the-board wage freeze in 2011. This is a far cry from the 31 per cent who levied such an unholy rollback on their employees just last year.
Now, news of wage increases are all great and good, but it might just take bit more than economic forecasting to make cynical Canadians drop their guard.
By a CBC.ca poll, about 84 per cent of respondents said they haven’t heard any talk of pay hikes around their work place yet, as of press time Thursday.
So, is this just a “We’ll believe it when we see it”-style pessimism, or do such results suggest the Mercer survey might be a bit premature?
Has there been any talk of pending pay hikes at your work for 2011?
By Jason Buckland, MSN Money
Posted by: rusty | Aug 23, 2021 11:25:33 AM
These guys must have been hired by the Fiberals,all smoke and mirrors and total B.S
Posted by: Craig | Aug 23, 2021 12:59:20 PM
to Mainstream Crap re : Profit Sharing
you expect a doctor to make as much as the guy who cleans the toilets? they tried that in communist russia and it was a society of "pretending to work while they pretended to pay them"
Posted by: merle | Aug 25, 2021 1:09:52 AM
fiberals. cons.
they are all from the same party.....the 'riding on everyone else's coat tails party'.
as long as they continue to divide the public according to their own rules and definitions, we shall forever be bent over while arguing amongst ourselves over who's rapist is the best. (yes, i did say rapist)
sound stupid??
because we are.