When it comes to how satisfied Canadian workers are with their compensation, there’s good news and bad news. The good: 51% of professionals believe they’re paid fairly at their jobs. The bad: 47% feel underpaid. The remaining 2% admit to feeling overpaid.
That’s according to a survey by global staffing firm Robert Half that’s being issued with the release of the 2019 Robert Half Salary Guides, which provide starting salary ranges for 400 roles in the accounting and finance, technology, legal, creative and administrative fields.
Issues like failing to benchmark salaries and understand local pay rates can fuel employees’ feelings of being under-compensated. Workers who have spoken with recruiters about new opportunities or with friends who have recently changed roles may hear about better pay and perks offered elsewhere.
“As competition for skilled workers intensifies, companies are under more pressure to keep pace with hiring demands and shifting candidate expectations,” says Greg Scileppi, president of Robert Half, International Staffing Operations.
“To engage top talent, it is imperative that employers stay in touch with local salary and workplace trends. Flexible compensation packages that incorporate the benefits, perks and incentives that professionals value most are key to attracting highly capable workers and building the strong teams companies need to support evolving business needs.”