On average, Calgary and Alberta workers will be receiving the biggest raises in Canada in 2015. Hay Group recently ran a survey across Canada to find out the expected salary increases for next year. More than 500 employers in the private and public sectors were contacted in this poll and overall, Alberta and Calgary employees will seeing the highest raises. The average increase for salaried employees will be 3.2% while nationally, Canadians can expect a 2.6% increase on average.
The highest raises will be going to people working in credit unions, financial services, and in the gas and oil and chemical sectors. Employees working for the government, in education and in telecommunications will unfortunately be offered the lowest increases. The survey also reports that 83% of the employers in Canada will be offering an increase in base salaries to their workers in 2015.
In the United States, the projected increase is 3% for 2015. The provinces that are resource-based here in Canada are seeing the highest projections. Alberta and Saskatchewan will be leading the country with a 3.1% and a 2.9% increase respectively. The other provinces in Canada can expect 2.1% to 2.6% increases next year, which are lower or just meeting the national average.
In the greater Toronto area and in Ontario, the projected increases are 2.5%, which is the same percentage that was forecasted for 2014. On a national level, the 2.6% expected increase is the same as the 2014 projected increase. It is lower, however, than the forecasted increase of 2.9% that was made for 2013.
The national projection for Canada of a 2.6% increase is higher than the projected increase for the UK at 2.5%. Australia, like the United States, has a 3% expected increase while China and India have much larger projected increases at 8.2% and 10.7% respectively.