Executive Summary
We are pleased to share the results of our annual Compensation Planning Survey. The survey was conducted from June to August 2024 and collected responses from over 500 Canadian organizations across diverse sectors and industries.
Survey results reveal the national average base salary increases for 2025 is projected at 3.6% (excluding planned salary freezes) – slightly less than the 2024 projected increase of 3.9% and the 2024 actual base salary increase of 3.8%.
“As the labour market continues to rebalance, organizations are shifting their attention towards effectively managing their compensation programs. How they communicate their total rewards package to employees, how transparent they are with compensation, how effective and equitable are their pay programs,” said Parsan.
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