Understanding whether or not your compensation program is competitive is a fundamental question that you'll likely have to address if working in human resources. What exactly does 'competitive' mean and how do you find out? Read on for some helpful tips.

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Annual increase budgets and salary structure adjustments are higher than previously reported in 2022, but will they go higher? 2023 Canada compensation budget projections.

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This article will provide you with considerations around when to use general industry versus industry specific data – even when to use both!

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Accurate and timely compensation data hold even greater value this year as a new post-pandemic normalcy begins to take shape. Presently, the general economy appears to have stabilized and is starting to rebound. A closer look at the details reveals significant differences across industries, locations, and company sizes. The 2021 compensation trends we see in the data reinforce how simply aging salary survey data would be a mistake.

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Now that many employees can work from an entirely different region, how should pay be determined? And what if a worker needs to travel to the physical office occasionally — who should bear the costs? As companies implement long-term remote work policies for the post-pandemic world, it’s important you have the answers as an HR professional.

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Times of uncertainty naturally make us feel overwhelmed and anxious. It's tempting to spend time on other essential activities and choose not to participate in compensation and benefits surveys and maybe to even consider compensation surveys as a variable cost that you can reduce this year. Not now; you’re going to need this data.

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Budgets for merit-based salary increases have remained flat for years, meaning your company should be looking to other avenues for incentivizing and retaining top-performing employees. The use of performance-based bonus is an attractive option for doing so, but only when executed correctly.

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