As much as we like our job, many of us feel we’d be more satisfied if we were paid more
Over half of Canadian employees are determined to ask for a raise in 2018, a recent report from Indeed has found.
52% of our nation’s workers are definitely (24%) or possibly (28%) going to bring up the topic of a salary increase, with almost half over these employees asking for increases of six to ten per cent.
So, why this sudden wave of monetary determination? A rise in the cost of living was the number-one reason why employees (58%) are planning to ask for a raise this year.
The study also found that on average, Canadians would like to earn an average of $11,882.96 more per year to live comfortably with 23% of Canadians thinking they need to earn at least $16,000 more.
“However as much as we like our job, many of us feel we’d be more satisfied if we were paid more. So, it’s little surprise that ‘get a pay rise’ is a popular New Year’s resolution - and by putting a figure on what people feel they need to be ‘comfortable’, our research reveals the scale of their ambition,” said Jodi Kasten, managing director at Indeed Canada.
“With the number of unemployed people at its lowest level since the seventies, employers are having to compete hard to recruit and retain the people they need to grow.
“This battle for talent should slowly push up wages in 2018, but it’s likely that employers will also ramp up the benefits they offer staff. Salary is only one of the drivers that attract talent, and our research shows that employees consistently rate work-life balance and the quality of the working environment as equally important as pay.”
Do you know the most popular companies in Canada? Find out if your brand made the list here.
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52% of our nation’s workers are definitely (24%) or possibly (28%) going to bring up the topic of a salary increase, with almost half over these employees asking for increases of six to ten per cent.
So, why this sudden wave of monetary determination? A rise in the cost of living was the number-one reason why employees (58%) are planning to ask for a raise this year.
The study also found that on average, Canadians would like to earn an average of $11,882.96 more per year to live comfortably with 23% of Canadians thinking they need to earn at least $16,000 more.
“However as much as we like our job, many of us feel we’d be more satisfied if we were paid more. So, it’s little surprise that ‘get a pay rise’ is a popular New Year’s resolution - and by putting a figure on what people feel they need to be ‘comfortable’, our research reveals the scale of their ambition,” said Jodi Kasten, managing director at Indeed Canada.
“With the number of unemployed people at its lowest level since the seventies, employers are having to compete hard to recruit and retain the people they need to grow.
“This battle for talent should slowly push up wages in 2018, but it’s likely that employers will also ramp up the benefits they offer staff. Salary is only one of the drivers that attract talent, and our research shows that employees consistently rate work-life balance and the quality of the working environment as equally important as pay.”
Do you know the most popular companies in Canada? Find out if your brand made the list here.
Related stories:
HR employee fired for allegedly mocking jobseeker’s English
Why you should slash your CEO’s salary
