Wage increase in 2012

At the beginning of October that held the appointment of remuneration organized by the College of Human Resources Advisors approved that took place in Montreal. Thus, for the period 2012, it should have a wage increase greater than that which was registered in 2011. Increases closely follow that of inflation, because by observing the trend if the purchasing power that maintains the financial situation of Canadians unlikely to improve soon. The results come from five specialized companies that have investigated compensation: Aon Hewitt, Morneau Shepell, Normandin Beaudry, Saucier Consulting Inc.. Towers and Watson.

According to a survey done by Mercer Canada which was to carry 675 non-union, 33% of companies have frozen wages in 2009, they were 6% in 2010 and 2% for the year 2012. In short, companies remain optimistic about the growth and sustainability of their business despite the economic situation. There are 25% of companies expect to have a significant financial growth in the near future. It should be emphasized that Canada and Quebec have experienced economic stability compared to the global crisis.

Dynamic sectors in Quebec

There are still market sectors that will greatly benefit from other oil and gas, mining, insurance and finance and construction, while the high technology and retail will see increases, but a lowest order, according to Mercer. Currently, the demand for workers is greater than supply, which encourages companies to raise wages. On the other hand, the wage does not directly affect corporate profits as in the mining sector, for example. By cons, in the retail sector, wages are considerable costs. Companies will find themselves directly affected by this increase.

In short, these changes illustrate the issues in the city of Montreal in employment, if any increase in compensation should also expect to taxes. Employers will need to adjust and have to pay an additional cost per worker.