Report: Canadian starting salaries to increase by 4% in 2014
Several reports came out this week with projections for where Canadian paycheques are headed over the coming year. Here’s a look at what we’re earning now, and who is expected to see the biggest increases in 2014.
According to the annual salary report by Robert Half International, the starting salaries for Canadians working in a variety of professional occupations are expected to increase by an average of 4% next year.
The biggest pay increases are expected to go to technology positions, with projected of 5.5% increase in starting salaries. Workers in accounting and finance are predicted to receive starting salaries that are up an average of 3.2% over this year.
Robert Half predicts that overall starting salaries for administrative professionals in Canada will increase by 3.2% in 2014.
Also released this week was Aon Hewitt’s Salary Increase Survey which predicts an average increase of 2.9% for Canadian workers across the board. Manufacturing jobs are expected to see just above this at a 3% boost in pay – while at 2.8%, service industry jobs are expected to fall just below the average.
According to Statistics Canada, the average salary in Canada (as of July 2013) is $47,500 a year. Albertans are the highest paid Canadians with average salaries in that province coming in at just over $57,000 or nearly $10,000 above the national average. With an average salary of $49,500 per year, people in Saskatchewan are the next highest paid in Canada. Earning an average pay of just under $40,000 a year, Prince Edward Islanders earn the lowest salaries.
Wondering what the right salary is for your profession? The Canadian government’s Working in Canada website has an in depth salary comparison tool with the average pay for specific occupations by region across the country.