Agency Predicts 3.4 Per Cent Increase in Canadian Average Starting Salaries for Professional Roles in 2016
New Salary Guides Show Salary Ranges, Hiring Trends for More Than 500 Occupations
Toronto - The 2016 Salary Guides from Robert Half reveal Canadian starting salaries for professional occupations are expected to increase an average of 3.4 per cent next year. Among the five fields tracked, the technology sector is projected to see the greatest pay gains, with base salaries rising an average of 5 per cent. Accounting and finance roles followed, with anticipated average compensation increases of 4 per cent. The administrative professions registered projected starting salary increases of 3.3 per cent, followed by the legal industry and the creative industry, with average base pay expected to rise 2.7 per cent and 2.1 per cent, respectively, in 2016.
"Attracting and maintaining skilled professionals continues to be a priority for Canadian organizations as the competition for top talent heats up," said Greg Scileppi, president of Robert Half, International Staffing Operations. "We are seeing this notably in the technology areas of big data and mobile application development, while in finance and accounting, general accounting and business analysis skills continue to be in particularly high demand."
Scileppi added "staying in touch with current salary and hiring trends enables managers to enhance retention efforts as well as make competitive job offers to professionals with in-demand skills."
When it comes to keeping the best and brightest, benchmarking compensation is essential, suggests research from Robert Half. Among more than 450 professionals polled, 71 per cent said a bigger salary would be a top factor prompting them to move to another company. The research also revealed that it would take a 23 per cent salary increase, on average, to compel employees to head for greener pastures.