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Salaries to increase in 2015

Posted by Rowan O'Grady, Hays Canada President, on Thursday, Jan 22, 2015

Compensation infographic jan 22For the first time in three years more employers plan to offer 2015 salary increases between three and six per cent, compared to the year before.

But are these increases enough? Employers still state that salary levels are one of the main challenges they experience when recruiting and are only too aware of their shortcomings and the impact this has on their business.

Sixty–eight per cent say when a candidate turns down a job offer it is because of the salary on offer not being high enough.

There are many components that go into an attractive job offer. To recruit hard-to-find candidates, a key element of an attractive offer is a competitive salary. However, while salary is important, it’s not the only thing candidates look for when deciding whether to accept a job offer or not. Only one employer can offer the highest salaries. When hiring, promote all aspects of the offer such as performance related bonuses, incentives and benefits packages in order to be competitive.

For more expert insight into the 2015 labour market register for one of the Hays webinars running from January 26 to February 2. Register now.

Request your copy of the Hays 2015 Salary Guide.

Talk to Rowan O'Grady, Hays Canada President, on the Canadian labour market.

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