Posthaste: Salary growth set to outpace inflation in 2025, report says [Yahoo! Finance Canada]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance Canada
Salary growth in Canada is expected to outpace inflation for the first time in four years, according to a new report by Telus Health. Its annual Salary Projection Survey , based on data from more than 355 Canadian organizations across various industries, is projecting a 3.45 per cent increase in average base salaries for non-unionized workers in 2025, significantly exceeding the current inflation rate of two per cent “The persistent demand for skilled talent is driving robust salary growth into 2025, despite easing inflationary pressures on employers,” Guylaine Béliveau, national practice leader of compensation consulting at Telus Health, said in a release . “As inflation rates decline, employees stand to reclaim purchasing power lost in recent years. This shift could significantly boost individual financial wellbeing and overall workplace morale.” The highest projected increases for 2025 are expected in the same industries that led salary growth in 2024: 4.13 per cent in const
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