2020 Salary Forecasts and Webinar
In Quebec, the economy continues to grow. Unemployment rates are low and wages have been increasing annually by approximately 3% over the past two years. Furthermore, the employment rate among Canadian women is high compared to other countries, giving families greater purchasing power.
According to Statistics Canada, as of September 27th the Canadian CPI was at 1.9% while the Quebec CPI was at 2.2%.
With respect to salary forecasts, there has been a slight increase from last year. Below is a table summarizing the key figures for 2020.
Two business sectors stand out due of their increased projected forecasts; Professional Services and Information Technology, both with an increase of 3.1%. On the other hand, the Arts and Public Services have the lowest estimates forecasts at 2.4% and 2.5%, respectively.
In Canada, wage increases are in the range of 2.7% excluding freezes and 2.1% including structural increases.
Solertia’s compensation team will hold a webinar on October 28th in French and on October 30th in English to dive deeper into the subject of salary forecasts.
To register for the session in French, please click on the following link:
To register for the session in English, please click on the following link:
Good luck with your salary budgets in 2020!
 Monthly Consumer Price Index (unadjusted): https://bit.ly/2nPv37f
 Ordre des conseillers en ressources humaines agrées, Salary Forecasts 2020, Summary Table page 12
 Ordre des conseillers en ressources humaines agrées, Salary Forecasts 2020, Comparison Table page 14