2019 Fall Flash Highlights

Total Rewards Insights and Forecasts for 2020


January 10, 2019

Summary of 2019 Fall Flash Compensation Update Survey



The results included in this summary are based on over 300 organization’s submissions from across Canada between October and December 2019. This summary provides insight into 2020 Salary Projections, Human Capital Management strategies and Benefits Policy currently employed in the workplace.

The Wynford Group encourages you to contact us for more information on how we can work with your organization in addressing its totals rewards and compensation needs.

For more detailed insights and in-depth data, please see our annual Canadian Salary Surveys.


2019 Base Salary Adjustments

Average Regional 2019 Base Salary Increases including 0's (%):

National
2.54
British Columbia
2.62
Quebec
2.59
Ontario
2.56
Alberta
2.48
Atlantic
2.46
Manitoba
2.44
Saskatchewan
2.37
 
2019 Base Salary Largest Increases by Industry including 0's (%):

Software Development
3.30
Advanced Technology
3.06
Agriculture/Cannabis
2.93
Professional Services
2.72
Manufacturing
2.65
IT Services
2.64
Construction
2.64
 
2019 Base Salary Smallest Increases by Industry including 0's (%):

Public Sector
2.00
Healthcare
2.00
EPC/EPCM
2.00
Logistics/Transportation/Distribution
2.24
Financial
2.25
Hospitality
2.32
Telecommunications/Utility
2.33
 
Economic Outlook

Fall vs Fall Economic Outlook
The graph above highlights several aspects of how participants view the 2020 Canadian economy.

  • Due to trade tensions and difficulties in the oil sector throughout the year, the national level of expected growth has dropped slightly since Fall 2018.

  • In Alberta, 9% expect a decline, which could indicate that some participants are reacting to a more volatile economy than in other parts of the country. Expected growth has dropped by 5% since the Fall of 2018 due to recent layoffs and organization shut downs. However, with the oil industry stabilizing and steadily improving, Alberta is expecting the largest GDP growth in Canada in 2020.

  • Quebec is the only province indicating positive growth compared to Fall 2018 with employment rates steadily increasing into 2020 supporting economic growth. Quebec also has a unique financial situation as they are one of the rare provinces able to reduce debt in recent times.

  • British Columbia continues to lead the way in expected economic growth largely due to LNG projects and a booming Tech industry in Vancouver.
Human Capital Practices

Fall vs Fall Human Capital Practices
The table above highlights trends in several industries to paint a broader picture of Canada's overall economy as a whole. Highlights include:

  • Around 60% of the participants from the IT Services sector are reporting an Increase in the Number of Employees going into 2020, which is over 5% higher than any other industry. This industry has picked up steam across the nation in provinces such as British Columbia, Alberta and Quebec. On average, 45% of participants are hiring new employees across the nation which is a positive sign for economic growth.

  • Continuing the trend from 2018, an Increase in use of Incentive Plans is present among Human Capital Practices, particularly in IT Services (50%) and Professional Services (39%)

  • Although most industries are showing an Increase in the Number of Grads, the majority of Energy/Energy Services participants have reported "no change" in this category, with similar limits to Training Budgets. This is consistent with oil prices remaining low as well as the economic turmoil across the globe.

  • The Construction industry continues to invest in labour as organizations are increasing spending on Training Budget and taking on a larger Number of Grads.
Benefits Policy
Retirement Programs In Place Planned Not Planned
Auto Enrolment Provisions 20% 4% 57%
Increase Communications/ Promotion of Existing Tools (e.g. Education and Seminars) 29% 32% 28%
On-line Retirement Planning Tools 36% 9% 41%
Independent Financial Advice to Employees 26% 12% 46%
Retirement To Withdrawal Options (e.g. group life income funds, or payout options) 11% 3% 66%

  • Online Retirement Planning Tools, as observed above, are currently the most common programs in place.

  • Nearly one-third of participants indicated Increasing Communication/ Promotion of Existing retirement program Tools is planned.

  • Other tools to enhance employee's financial well-being include: Wellness Accounts, Saving Plans and Flexible Benefits Plans.

  • As Canada's population continues to age, providing resources to employees in their transition into retirement will grow and more focus will be on employer Retirement Programs.