A Snapshot of Canada's Current Economic and Human Capital Trends
July 3, 2020
Summary of 2020 Spring Flash Compensation Update Survey
The results included within this summary are based on over 400 participants in the 2020 Spring Flash Compensation Update Survey. Survey submissions were collected between May and June 2020. The focus of this report is on the impact COVID-19 has had on key Total Rewards Programs, as well as human capital management strategies in use in today's workplace. We have also compared some factors to Flash Surveys from previous years to determine the relative impact on economic and human capital strategies.
The Wynford Group encourages you to contact us for more information on how we can work with your organization in addressing its Total Rewards needs.
For more detailed insights and in-depth data, please see our annual Canadian Salary Surveys. Click Here for more information.
2020 Base Salary Adjustments
Average Annual Base Salary Adjustments – By Industry
**2019 decline numbers were not categorized to the specificity as 2020, therefore they are presented as the moderate category in this report.
The chart above contrasts the economic outlook from Spring 2020 against Spring 2019. Key trends include:
Human Capital Practices
Human Capital Practices have changed drastically in the first half of 2020. Key trends include:
Additional Compensation Summary:
Human Capital Cost Management Strategies – 2020 Industry Breakdown
The review of Human Capital Cost Management Strategies indicate there are several industry sectors that have differing approaches regarding how they are implemented during the pandemic. Key highlights include:
Actions Organizations Will Take Post COVID-19
The graph above, displaying the several actions organizations will take as they emerge from COVID-19, shows that there are some organizational practices that remain a larger priority than others. Highlights include:
Construction and Mining Survey participation is still open until July 10th.
Please contact us at firstname.lastname@example.org or 1-877-264-5166 with any questions or concerns.
Canadian Salary Survey Initial Online reports Distribution – Mid September 2020
Construction and Mining Initial Online reports Distribution – Early October 2020
Executive Initial Online Distribution – Mid October 2020
14th Annual Compensation Update Seminar
Edmonton – TBA
Calgary – TBA
2020 Fall Flash Survey – November
Need More In-Depth Information?
Wynford's Canadian Salary Surveys are just what you're looking for! Our user friendly cash data reports are broken down by three simple features including: Location, Industry and Revenue/Organization.
Wynford Group Surveys Expand for 2020!
February 19, 2020
We are pleased to announce some exciting new features for the 2020 Wynford Surveys!
The Wynford Group offers a complete range of services that can help you build your Total Rewards Program from the ground up. Our services include: