Canadians expecting hefty salary increases in 2012: report
Two thirds of Canadians expect that 2012 will be a better year for them at work, according to recruiting firm Randstad Canada's latest global Workmonitor survey.
That doesn't describe many of the people I talk to, however. But then I don't know a lot of folks who work in the oil patch.
Results from the competing 2011-2012 Culpepper Salary Budget Survey reveal that salary budgets in Canada are projected to rise from 2.76% in 2011 to 2.94% in 2012.
Not everyone is feeling gloomy, however. Tracking 29 countries, Randstad found that workers in other parts of the world are actually feeling rather optimistic. Just about everybody in Argentina, Brazil, Chile, for instance, expects to receive a significant raise or improved bonus this year.
European employees have lower expectations though; barely one third expect to see any improvements in these areas and those that do certainly aren't getting carried away.
Don't get your hopes though. One-size-fits-all, across-the-board salary increases or freezes should be avoided, say compensation experts, who expect companies to place increased emphasis on personal performance this year.
Do you see your fortunes improving significantly this year? Is there a decent raise on the way?
By Gordon Powers, MSN Money