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____ Monday September 14, 2015 ____

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Salary Increase

Morneau Shepell presents new research on salary and other trends in human resources

Ontario organizations among the top in the country in prioritizing workplace health for 2016

Cambridge – Morneau Shepell will present national and regional findings of its annual survey of Trends in Human Resources. According to the recently released survey, employers across Canada expect salaries to rise by an average of 2.5 per cent in 2016, which is down from the average 2.8 per cent salary increase expected for 2015.

Human resources leaders in Ontario will focus on improving engagement and productivity in 2016. Improving workplace health and engagement is listed as a top priority for 69 per cent of Ontario organizations and improving mental health in the workplace is listed as a top priority for 55 per cent of Ontario organizations, both above the national averages of 66 per cent and 45 per cent, respectively.

The survey also identified some important changes in employer attitudes to retirement plans. In the past, sponsors of defined contribution pension plans left it up to their employees to fend for themselves when they retired. Poor decisions can have a very significant impact on retirement income, and plan sponsors are starting to take notice. About 27 per cent of sponsors in the survey said they are looking at providing payment options for retirees, or are already doing this.

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