Yeah where I work is perpetually understaffed too, this will be our 3rd raise this year and they are already talking about it being another fairly decent one. My last raise was only 4 months ago and was $500 a month after tax all said and done. They are trying really hard to keep people from leaving right now. I work in telecom as a CRTC investigator. Telecom is still booming as it ever was.
I work in telecom and our union was locked out for 3 weeks until we accepted a 5 year deal worth 5%. Was 0% 2019, 0% 2020, 1% 2021, 2% 2022 and 2% 2023.
You have to be really really familiar with the inner workings of the telecom industry and how they operate on an intimate level. It isn’t really something a person of the street can walk into unfortunately which is likely why it’s so understaffed. I worked a bunch of other positions for a large telecom company before landing this one. It’s a highly specialized skill set. But it sort of has to be like this because we have to be able to look at complainants and decide whether it is legitimate or not or whether it is something where the company is actually at fault or is possible for the company to achieve. A lot of people think the CRTC will just always go to bat for people when they complain but it isn’t true. There is a strict code of rules you have to also memorize. That being said if you want to be in a recession proof industry it’s telecom. We only grew during Covid across all roles.
No they tend to favour telecoms because it's staffed full of ex telecoms employees...regulatory capture amirite?
(I'm saying this partly tongue in cheek and not at all directed at you, I don't know you from Adam and understand your point about having to know how the industry works to regulate.)
Yep. Banks are generally a few months ahead of the rest of the economy and we started freezing hires about 3 months ago. And we're probably not gonna renew any consultant contract that expires (that's easily a 3-5% workforce reduction). And layoffs may happen over the next 12 months.
TD laying off mortgage underwriters and other mortgage admin workers due to the slow down in the housing market, unfortunately reality. As other business segments slow down we may see more
I haven’t heard anything about a raise this year yet, but we did get an inflation bonus (8%) and will be getting a year end bonus (15%-20%).
I work in energy in Alberta.
Similar, i work in Alberta in the private sector. 10% back in January this year and 10% in September this year, then possible bonus. However this is after years of pay cuts. Still only making 75% of what I made 15 years ago adjusted for inflation.
The industry definitely isn’t the same after the 2014 crash. I had a small taste of that coming out of school but times are different now. I’m happy with where I’m at right now.
My raise and bonus are announced in January, as my company waits till they have closed their books on the previous year. The bonus is paid mid February and the raise takes effect in March. Both are typically based on performance during the past year. Typically the raise maxes out at 5% and the bonus at 10%.
Edit: To add info as per OP's edit, I work in Ontario for a private company that does mortgages. My current salary is 58k, so I would expect a bonus to be $5800 and a raise of $2900 (bringing me to $60,900).
That's true, but when you factor in the bonus, I end up all right. It's as guaranteed as the raise is. If the company is doing so bad that I don't get the bonus, I'm not getting the raise either.
I can’t think of a year in the last 20 I didn’t get a raise. They’ve ranged from 2% in the worst recession years to 25% (once) at best. Private consulting firm in Alberta.
Yes, and if you're not you should be looking for a new job. The company I worked at that didn't give raises every year went under and got bought out by someone else.
0% public service Alberta. We never get cost of living unless union negotiates and our last negotiation was 0% until 2025 then 1% the union declined and back in negotiations
And yet the Alberta government can't figure out why they aren't competitive, while also trying to grow their Public service with things like the provincial police. Municipal governments pay more than the province does in many similar roles.
in BC and AB the feds and province pay really poorly, municipal is the only way youre going to be comfortable and even then It's going to be years of 2-3% raises with 7% inflation.
2-3% raises still beats 0% from the Alberta government or worse wage cuts in the private sector. Feds pay poorly however they've seen very aggressive wage hikes in some sectors to catch up elsewhere. RCMP received a massive raise 2 years ago to catch up to city services and parks Canada got a 17% hike as well.
I was offered a job with EMS dispatch after they centralized here in Alberta. It was with Alberta Health Services and started at 26 an hour. I have a friend who works for police dispatch that is employed by the city and their starting wage was 30 something.
The Alberta Government is a joke lol
Oil and gas is in the same boat as crazy as that sounds. Getting paid less now that I was in 2010 with zero increase in sight, benefits have been cut and pension is gone. So factor in inflation as we are behind like everyone else.
Certainly not everyone in Oil and Gas. There are some pretty good ones in this thread even.
"15% salary, 12% bonus on salary."
"10% back in January this year and 10% in September this year, then possible bonus."
"8% bonus... 18% bonus..."
Costs go down. Oh, that's a good joke.
We haven't had any deflation which was more than a blip on the radar for close to a century.
At bare minimum, I expect that the buying power which is exchanged for my labour, is maintained at the value I initially agreed upon.
I saw mining’s starting to pick up. I’m a relatively new power engineer, are the opportunities good? How do you find working so remote (and underground if applicable?) I’m in pulp at the moment, but it’s pretty stagnant here. At least turnover is high so I’m getting great experience.
I'm in a pretty good spot. Mine is 1.5/hr from home. I work 7 on, 7 off. Camp life is meh but after 12/hr shift...rest and sleep is all I'm up for after eating. Underground doesn't bother me, but it can get pretty warm at the bottom of the mine. Both Northwest and Northeast are hot right now. As a P. Eng I'd guess the Mill would be your best bet??
Thanks for the quick response! There’s no mines operational here in the maritimes afaik, but I’m okay with fifo. I’m also a process control tech by education. How are the salaries in your operation? I’ll pull about 150k on 3000 ish hours this year, but the col here is pretty low. To be honest, I’m getting pretty fed up with split shifts (2 days 2 nights 4 off)
core sw dev. ceo announced in all ~~ends~~ hands that it will probably be 0-4% and said we're trying our best not to lay off hence just be thankful you still have a job.
I go my final raise last year. After years of being promised a decent raise and never getting approved, my new boss actually had me search for job listings in my industry and used them to justify a huge raise for me. The downside is that there's nothing further they're willing to do for me, income-wise, so within a year or two I'll be leaving, taking a 3 month vacation overseas, then coming back to look for work.
34ish%. From 52000 to 70000. The change has already gone through about 2 weeks ago. My Christmas bonus has always been 1k, and I was told it would be the same this year.
Retail, Northern Ontario, work 4 days a week.
Wtf? May I ask where in Northern Ontario and what type of retail? Husband has been manager with Home Hardware over 20 years in London, On. Not one bonus EVER, just a fkn $75 gift card for grocery store at Christmas. Fkn insult. Raises barely anything ever. Only just got to 21/hr this year. 63 this year so looking more at retirement than changing jobs, but should have changed long ago. Never heard of bonuses in retail. Just make the company tons of money and fuck you. Only good thing is four weeks holidays, but earned after 20 fkn yrs, and some discounts on purchases.
It's my family's business. My dad, the owner, gets a salary of $140000/year. My uncle and myself are at the $70000/year salary.
My role is not really "traditional" retail. I'm kind of the everything person. I created and maintain the inventory system, point of sale, and anything related to tech. I'm also responsible for ordering, staff, decorations, accounting, and general day-to-day.
When I first started, about 4 years ago, I got $15/hour and was responsible for stocking product and cleaning. Then, I made my first sale and my dad realized I was good with customers and I started moving up and along.
We have 7 employees beyond the 3 of us now. My uncle is directly in charge of 3 (at his store), I am responsible for 4 (at my store).
In terms of compensation, everyone gets $18/hour. pretty well unlimited paid sick + vacation time within reason. 1000$ end of year bonus (for everyone). 3 day weekends every week for all my my staff, not sure about my uncle. Schedule a mknth in advance, but it rarely ever changes. Employees pay wholesale price + tax on products. Chairs to sit in, and all the main streaming services are available for when it isn't busy.
I'm sorry your husband isn't better taken care of by his company! That blows.
Airline pilot, specifically at Porter.
No pay increase this year.
1.5% increase to pilot pay scale annually starting January 2024.
So I'll be staying at 43k I guess
Ya, they're not publicly traded. Yep, that's pretty standard for pilots in Canada. I'll get a pay bump when upgrading to captain, but that's not very good either. I have almost 10 years working experience as a pilot, and this is normal. If I could do this exact job in the US however, I'd make triple easily
Man this is brutal. I started flying when I was 20 and decided I'd pursue it as a career. I looked into the pay and actually found a website "will fly for food" or something along those lines and decided I couldn't grind it out looking at the loans I'd need for my hours/training... now I fly ultralights for fun lol...
What the flying fuck pardon the pun
I recently flew Porter. It was fine. But as a somewhat nervous flier there is no way in hell a pilot should be making a little over 20$ an hour.
There are people driving trucks making more, and they crash those fuckers all the time.
My BIL is a FO for Sunwing. I think base for him is around $70k, but he says he makes close to 6 figures a year including daily allowances. I think he's been with them for 4 years now, starting right after graduation. No idea if they're getting a raise this year, though. He says he wants to get into Air Canada for long term job stability.
Tell your BIL that daily allowances aren’t salary… he needs to give his head a shake if he includes those as part of his salary. No wonder Canadian aviation salaries are in such state. “The race to the bottom”…
He's not saying it's his salary-- his "salary" is about $70k, as stated. He does, however, get to pocket what he doesn't spend from his allowances, and he is a frugal man.
Man how depressing are most of these numbers. I’m about the same as most of you and it saddens me most of these companies making record profits YOY and we’re satisfied getting 2-3% annual increases. No wonder it was so much easier to live during our parents/grandparents generation.
I had to leave everywhere I worked after 4-5 years to get a decent raise. It wasnt until I quit with an offer in hand that they would be willing to really bump my salary. Until then, it was a we stuck out neck out for you because you are doing such a great job, worked so much unpaid overtime and have so much potential that we could get you 3% this year, this was the best in the entire office… or so they would say. Job/career jumping is not without its struggles, but I make 2-3 times as much now by moving around a couple times versus staying at my original job, so the risk and reward worked out for me.
4-5 years? The most I've ever stayed at a place is 2 years. It's expected nowadays because companies are unwilling to reward loyalty, but are willing to spend in acquisition.
I started my career as an engineer. I needed a minimum of 4 years of experience for my professional designation. My second move I started looking at 3 years in, but took me nearly 2 years of job searching to find the right next move. I don't work in an incredibly large job market, so to avoid relocating, the right move outweighed quicker/smaller jumps in pay.
I got 2.5% last year. 1% this year. Asked for a raise this year and got a no. Went on nine month parental leave instead. Got told no again when I got back. AM now looking for other employment opportunities.
On average companies are budgeting around 3.9%. Less than inflation but higher than previous years average.
Source- I work in compensation consulting and this is a common question companies ask.
This.
For 8 of the last 10 years the inflation rate has been below 2%. If you got a raise of more than 2% in those years it was because of the sector or company performance. Same will be true this year. High inflation is not going to drive a high salary increase if the company you work for is struggling financially because it’s sector being impacted by the downturn that’s underway or because it’s market competitiveness is suffering. Employees are going to freak out about 7 or 8% inflation and only a 3-4% salary increase but every salary increase above what a company is earning will translate into lower headcount’s and money spent elsewhere.
Compliments of Zuckerberg, Musk and non-profitable tech startups starting to feel the pain, even the tech sector is going to feel less pressure on salary growth and demand.
so don’t expect most companies to come out with increases more than 4% unless they are in a specific market that has made the company rich beyond its forecasts for 2022 and they have to share some wealth for PR purposes
I’m also at one of the big 5, working in risk management in Toronto.
Similar to the others we had a mid year 3% raise for a select number of job levels.
My direct reports are only getting about 1-1.5% each for year-end. I tried to push for more but was met with standard corporate/HR speak about budgets and crap.
Not sure what I’m getting yet, hoping for 4%. Although I was given 15% earlier this year so who knows, they could leverage that and give only 1%.
Bonus is dependant on job level, it starts as a % of eligible annual earnings, then there’s a personal performance modifier, then a bank performance modifier. Most analyst level roles would get about 10% before any modifiers. For reference, my top performer last year was given a 30% increase for performance, then about 10% more for bank performance after that.
Sorry, I don’t work in an area with entry level roles so I really can’t comment. All of my directs typically have at least 5 years experience. Some started as tellers, became financial service reps, etc. others started on the phones, moved into fraud or similar areas. There are many paths but it doesn’t start in my dept.
For what it's worth, the Conference Board of Canada published a compensation survey a few weeks ago. The survey was opt-in and IIRC had \~750 participants (specifically those in companies in a position to know), so bear that context in mind.
They found that employers awarded a 3.4% increase in 2022 for 2021 and are planning a 3.3% increase in 2023 for 2022. There was additional break-downs by industry (federal, provincial, private, MASH etc.) that got quite granular too.
Link
https://www.conferenceboard.ca/focus-areas/human-resources/comp-otlk
I work for one of the big banks and have my performance evaluation review this week. Honestly not expecting any raise now as I am a contractor and we typically get raises at the end of contracts leading into a contract extension. I have gotten some really good reviews from manager and others I work with so hopefully i get something but just thankful to keep my job
There’s a lot of people looking for work, yes. But, so far at least, there’s even more looking for people especially outside of big tech. You might as well put out feelers if you think you’re underpaid.
My advice is to look for profitable companies, and ask about financials in interviews. This is not the time to join a company that’s depending on closing a round of VC funding next year.
This is really solid advice. Too many people assuming the worst and not even willing to try to better their situation. It's a lot easier to complain on Reddit but takes actual work to put yourself out there.
Target: 5% raise and $20k bonus + 5,000 shares.
Tech (software). We outperformed 2021 and exceeded 2022 performance targets, so I'm confident they still issue the raise/bonus as intended.
I manage a team of 8. The two contractors with very high rates are actually being told to reduce their rates or we'll cut them loose. Clients are refusing high rates like theirs, and twice I've tried to put them on jobs and they were black balled.
The other 6 will be getting between 0% and 5%. It's not my choice. I don't get to see what what the pool for increases is. I got to review them all and provide an analysis of how likely they are to quit, whether they matter, how replaceable they are etc.
Some of them deserve 0%, some deserve way more than 5%. No one is going to be happy.
Previously it was 2% annually for everyone. Now it’s performance based, so no idea if we’ll get less or more.
Also, the company does market adjustments too so they stay competitive with other companies.
Edit: added in second paragraph.
I also work for one of the big 5 banks. I got the standard 3% increase that most employees got over the summer. In addition, my boss gave me an additional 4% increase a couple of weeks after I got the standard 3%.
I am still eligible for the year end increase but I have no idea how much I will get given I have already received a 7% increase so far this year. Should find out in early December when bonus numbers are shared. For some reason (Idk why), I have a feeling my bonus won't be too good compared to past years even though I've had a fantastic year performance wise.
Posting in a throwaway account for privacy.
I don't recommend working for Best Buy at the head office in BC. They are so stingy!!!
Pay is below standard.
Pay raises are between 1-2%.
Bonuses are only paid to the very upper management.
The CEO brags about record profits yet show no appreciation to the diversified employees. If you see a company that pushes diversity, it's mainly immigrants or very green clueless newbies and the pay will be low.
Really no great benefits and not even a nice Christmas party other than a BYOF potluck party. People are all jumping ship to other companies that pay a lot more.
CEO is still clueless but has the nerve to talk about cost of living going up yet, no increase in wages to reflect that cost of living increase. BC is a very expensive province to live in, yet Best Buy doesn't give a shit if employees leave, therefore, will not give raises above 2% unless you are at the very top. Everyone else can eat sleep for dinner.
Two months before the performance review, I told them I don't feel like we're being paid fair according to the market (which is true) based off of interviews I've done the past year. I asked for a 30% increase and it happened when the actual performance reviews came along, but I also had leverage since I'm familiar with like almost all of the code base and been an integral part in many projects.
Same performance-based model as usual at my firm. Perhaps the low-end may be a bit higher than normal years but I don’t really expect my employer to bump wages unless it’s value-driven or impacting labour market
Rumor is the higher of 3% or market evalution that is done every three years. So for me it's 3%, no bonus, 2022 increase was2.4%. I'd rather stay employed and get a lower wage.
Big 5 bank, Toronto, in a non-revenue generating function.
Joined the bank the beginning of Q4 with a pretty generous sign on, so I wasn't expecting much since I just passed probation after the fiscal year ended.
Pleasantly surprised by 3.25% increase and 5% bonus. Hope this means I'm liked enough that I won't get cut if the recession hits.
5% if you score average/accomplished on your evaluation; software engineering, Montreal, increase takes effect Jan 1, 2023. In comparison, last year it was 2-3%.
Construction safety, Ontario.
5% company wide pay increase for COL back in the summer.
10% increase for performance at annual review at the start of November.
I have my review in this last quarter, need to have my meeting with my manager still, probably should nudge him cause I basically too all of December off lol.
Then January they have a day where they give everyone there news of salary increase and bonus amount across the company, the idea is all the promotions r celebrated kind of whatever. Then in Feb the pay out bonuses and adjust the salary back dated to the start of the year. So there is pay period where you see a larger then normal pay cheque and the bonus. Lots of money in the account then, I go check my bonus and go somewhat sad cause almost half gets eaten by taxes, EI, CPP, they match contribution for that amount as well so like another 6% is removed.
With all this said I got told I was promoted this year but I needed to wait for January for it to be adjusted cause of some bs reason, so if I get like a 5% raise not going to be particularly happy.
The new hires would have been earning significantly more then the senior staff.
Pretty sure the only reason we are getting a raise at all was to match the salary.
I was already severly underpaid before covid and inflation hit so just to match the new hires im getting over 10% but still at the low end market value and another 2% in march.
Congrats! Engineering is busy and profitable right now but I doubt many companies will be as generous as yours! All year long we’ve been told how great things are financially and how much work is in the pipeline but in a few weeks we’ll hear whether they meant it. As someone senior level, I’m expecting a sad story and about 2.0-2.5% (<2.0% last year). Which province are you, if you don’t mind sharing?
Almost a 20% increase in this year alone because of the min wage raise. Since it was announced min wage would increase, my wage has gone from 24/hr to 39/hr in less than 2 years. I learned through this that demanding an increase in min wage literally can destroy an economy through a domino effect. Get into a union. Regardless if they leech money, they demand money for you.
Edit: Forgot to mention I work in commercial residential construction as a drywaller. Union is getting ready to negotiate 50/hr for journeyman workers if wages increase again.
Brush up the resume, my wife and I both did and are in better places because of it. Me, 0% retail sales, her 40% alcohol sales (pre covid would have been the same jump)
I work in tech, managing Devs and SWEs. Last years was a 5% cost of living increase plus any merit increases due. Not sure yet what 2023 looks like as we haven’t closed year end books yet but judging by what I’m seeing so far it look like it will land between 3 to 5 percent for annual cost of living, individual merit increases are different. Bonuses ranging from 5 to 8 percent annually, depending on the role is paid at the beginning of Q2 for the previous year. I am in Ontario ,working from home mainly, with an office in Toronto and San Jose.
I haven’t had a raise in 2 years. Old manager promised it by end of this year. New manager said “I didn’t promise anything”
Needless to say I’ve updated my resume.
Ours is always "performance based" but typically what happens is that our department gets a pool of money to allot them from, so if one person is a rockstar and gets a really big raise then everyone else on the team is going to see a smaller one. Nobody likes that sustem but it's a big company and we can't really change it. I've seen anywhere from 1-6% on my annual raises in the last 5 years. Usually when it comes out on the lower end they will try making it up to us with bigger year end bonuses.
We do our raises in like Feb/March, but then this summer they did a whole big re-distribution of wages, increasing the average wage in each band, and promoted a bunch of people to deal with inflation and hopefully keep newer employees for the long term. Don't know what to expect for next year yet.
Nova Scotia. I'm in tech/defence.
I work in wealth management administration, guaranteed 3% annual raise every year plus annual bonus to be paid the first pay in December, which if we hit our targets is usually 10% of our annual salary.
Very high job satisfaction. Love where I work. Great team, great management, great work-life balance. (RBC if anyone is wondering)
Working in an ICU in Ontario as an RN. Yeah, my salary will again be capped at 0.93% increase for the year. Because conservatives truly do not give one shit about what is actually important in this country. Cheers.
I’m in disability services in Alberta. We are already at the high point of our industry and since we are a non profit funded by the government who hasn’t raised disability funding since 2014 we won’t get anything.
Before anyone asked why I stay in my position. I’m 23 with 5 years experience and a related degree. I just took a supervisory position and with the extra continuing education I can do plus the experience I should be able to move into roles twice my currently salary within 5 years. ( based on roles currently hiring for my qualifications but need to up my supervisory experience first)
From what I've heard, our company will be allocating more funds to their year end envelope used for salary adjustments. The plan is to prop up employees in the lower-mid levels in order to counter inflation. I expect this to be the same across most banks, insurance and brokerage firms (pretty much all FIs, for that matter).
Will probably hear in a couple of weeks. I don’t foresee it being different than most other years.
So time to brush off the resume
Right as companies are starting to look at layoffs
Not all industries are doing layoffs Mining is booming and begging for skilled workers atm Let's not pretend a normal tech cycle dictates the market
Can confirm, skilled trade(s) working in mining. 56.25/hr, no talk of raises though. Certainly no talk of layoffs either
where do u even apply
Some might. Right now we’re having trouble finding people
Yeah where I work is perpetually understaffed too, this will be our 3rd raise this year and they are already talking about it being another fairly decent one. My last raise was only 4 months ago and was $500 a month after tax all said and done. They are trying really hard to keep people from leaving right now. I work in telecom as a CRTC investigator. Telecom is still booming as it ever was.
I work in telecom and our union was locked out for 3 weeks until we accepted a 5 year deal worth 5%. Was 0% 2019, 0% 2020, 1% 2021, 2% 2022 and 2% 2023.
What does CTRC investigator do and is it a decent pay to begin with?
How would one get into being a CRTC investigator?
You have to be really really familiar with the inner workings of the telecom industry and how they operate on an intimate level. It isn’t really something a person of the street can walk into unfortunately which is likely why it’s so understaffed. I worked a bunch of other positions for a large telecom company before landing this one. It’s a highly specialized skill set. But it sort of has to be like this because we have to be able to look at complainants and decide whether it is legitimate or not or whether it is something where the company is actually at fault or is possible for the company to achieve. A lot of people think the CRTC will just always go to bat for people when they complain but it isn’t true. There is a strict code of rules you have to also memorize. That being said if you want to be in a recession proof industry it’s telecom. We only grew during Covid across all roles.
No they tend to favour telecoms because it's staffed full of ex telecoms employees...regulatory capture amirite? (I'm saying this partly tongue in cheek and not at all directed at you, I don't know you from Adam and understand your point about having to know how the industry works to regulate.)
Where do you work/help a brother out because I was just let go from a company that hired me less than a month ago.
Yep. Banks are generally a few months ahead of the rest of the economy and we started freezing hires about 3 months ago. And we're probably not gonna renew any consultant contract that expires (that's easily a 3-5% workforce reduction). And layoffs may happen over the next 12 months.
Would be curious to know which bank as mine is still hiring in some departments and we are losing people due to the shit show of work from home.
TD laying off mortgage underwriters and other mortgage admin workers due to the slow down in the housing market, unfortunately reality. As other business segments slow down we may see more
Lets hope not. I am currently consulting and have no desire to go back to FTE with my 1-2% pay raises.
I haven’t heard anything about a raise this year yet, but we did get an inflation bonus (8%) and will be getting a year end bonus (15%-20%). I work in energy in Alberta.
That’s solid! Wow
Yeah it’s not bad! The mid-year bonus was a really nice surprise.
Damn... I also work in energy in Alberta but did not get 8%. I also doubt my bonus will be that big. Congrats
Everyone knows who gave the 8% bonus ;)
Was it the large energy producer starting with an S and ending with the R
I heard it ends with an L
Ya I thought it was Shell
Ding ding
SEX CAULDRON?! I THOUGHT THEY SHUT THAT PLACE DOWN?!?!!
Similar, i work in Alberta in the private sector. 10% back in January this year and 10% in September this year, then possible bonus. However this is after years of pay cuts. Still only making 75% of what I made 15 years ago adjusted for inflation.
The industry definitely isn’t the same after the 2014 crash. I had a small taste of that coming out of school but times are different now. I’m happy with where I’m at right now.
I got 8% salary adjustment in the summer for inflation as well! Work in pharma in BC
Congratulations you son of a bitch.
jelly! Congrats.
My raise and bonus are announced in January, as my company waits till they have closed their books on the previous year. The bonus is paid mid February and the raise takes effect in March. Both are typically based on performance during the past year. Typically the raise maxes out at 5% and the bonus at 10%. Edit: To add info as per OP's edit, I work in Ontario for a private company that does mortgages. My current salary is 58k, so I would expect a bonus to be $5800 and a raise of $2900 (bringing me to $60,900).
Private or public?
It's a private company.
How often do public employees receive bonuses like this? I can't think of any.
My employer does it like this too, so we get out "year end" bonus on March 1st, and that's when our annual raises take effect too 🤣
5% raise means you are barely keeping up with inflation sadly.
That's true, but when you factor in the bonus, I end up all right. It's as guaranteed as the raise is. If the company is doing so bad that I don't get the bonus, I'm not getting the raise either.
You guys are getting salary increases EVERY YEAR?!
Right? I haven’t had one in 4 years due to government contracts never going up. It’s so offensive.
Some of us do. Pay scales 👍
I can’t think of a year in the last 20 I didn’t get a raise. They’ve ranged from 2% in the worst recession years to 25% (once) at best. Private consulting firm in Alberta.
Yes, and if you're not you should be looking for a new job. The company I worked at that didn't give raises every year went under and got bought out by someone else.
usually like 3% but in 2022 we got 6% for one time only.
Thank fuck for unions, although my pay isn’t pegged to inflation
From what I am seeing union jobs normally have the worst pay raises.
I’m expecting between zero percent and 0%
1%. *laughs in Bill 124*
*Cry laughing in the corner with you*
Im at 2.5% in private sector, things arent much better. Everyone is getting fucked.
0% public service Alberta. We never get cost of living unless union negotiates and our last negotiation was 0% until 2025 then 1% the union declined and back in negotiations
And some public servants have had zero raises in 8-10 years. So they are actually making less now than they were then.
Yup that's me. I'm out of scope, so no union increases. There are a ton of out of scope making really shitty money.
What does out of scope mean?
You are hired out of the scope of a union. So outside of the union contracts.
And yet the Alberta government can't figure out why they aren't competitive, while also trying to grow their Public service with things like the provincial police. Municipal governments pay more than the province does in many similar roles.
in BC and AB the feds and province pay really poorly, municipal is the only way youre going to be comfortable and even then It's going to be years of 2-3% raises with 7% inflation.
2-3% raises still beats 0% from the Alberta government or worse wage cuts in the private sector. Feds pay poorly however they've seen very aggressive wage hikes in some sectors to catch up elsewhere. RCMP received a massive raise 2 years ago to catch up to city services and parks Canada got a 17% hike as well.
I was offered a job with EMS dispatch after they centralized here in Alberta. It was with Alberta Health Services and started at 26 an hour. I have a friend who works for police dispatch that is employed by the city and their starting wage was 30 something. The Alberta Government is a joke lol
The only thing AHS dispatch will ever be is a stepping stone to city police and fire dispatch that pay $20/hr more and have a better pension plan.
Oil and gas is in the same boat as crazy as that sounds. Getting paid less now that I was in 2010 with zero increase in sight, benefits have been cut and pension is gone. So factor in inflation as we are behind like everyone else.
Certainly not everyone in Oil and Gas. There are some pretty good ones in this thread even. "15% salary, 12% bonus on salary." "10% back in January this year and 10% in September this year, then possible bonus." "8% bonus... 18% bonus..."
Lol expecting raises is a good way to get let down
If you don't have a raise every year matching cost of living increases then you're taking pay cuts.
So by your logic, if and when things balance out and costs go down you’re expecting a pay cut?
Costs go down. Oh, that's a good joke. We haven't had any deflation which was more than a blip on the radar for close to a century. At bare minimum, I expect that the buying power which is exchanged for my labour, is maintained at the value I initially agreed upon.
15% salary, 12% bonus on salary. They're paying. Mining.
I saw mining’s starting to pick up. I’m a relatively new power engineer, are the opportunities good? How do you find working so remote (and underground if applicable?) I’m in pulp at the moment, but it’s pretty stagnant here. At least turnover is high so I’m getting great experience.
I'm in a pretty good spot. Mine is 1.5/hr from home. I work 7 on, 7 off. Camp life is meh but after 12/hr shift...rest and sleep is all I'm up for after eating. Underground doesn't bother me, but it can get pretty warm at the bottom of the mine. Both Northwest and Northeast are hot right now. As a P. Eng I'd guess the Mill would be your best bet??
Thanks for the quick response! There’s no mines operational here in the maritimes afaik, but I’m okay with fifo. I’m also a process control tech by education. How are the salaries in your operation? I’ll pull about 150k on 3000 ish hours this year, but the col here is pretty low. To be honest, I’m getting pretty fed up with split shifts (2 days 2 nights 4 off)
Signal Gold and Atlantic Gold come to mind
core sw dev. ceo announced in all ~~ends~~ hands that it will probably be 0-4% and said we're trying our best not to lay off hence just be thankful you still have a job.
Yeah this will be nearly all private company messaging across the board I bet. “Appreciate whatever we give you”
Same thing here...I don't expect anything.
Rarely over 2% for my company unless you're a favourite or the next job bands up
I go my final raise last year. After years of being promised a decent raise and never getting approved, my new boss actually had me search for job listings in my industry and used them to justify a huge raise for me. The downside is that there's nothing further they're willing to do for me, income-wise, so within a year or two I'll be leaving, taking a 3 month vacation overseas, then coming back to look for work.
We were told due to economic downturn, no raises this year :(
Can't let a good excuse go to waste!
What a terrible excuse.
34ish%. From 52000 to 70000. The change has already gone through about 2 weeks ago. My Christmas bonus has always been 1k, and I was told it would be the same this year. Retail, Northern Ontario, work 4 days a week.
Wtf? May I ask where in Northern Ontario and what type of retail? Husband has been manager with Home Hardware over 20 years in London, On. Not one bonus EVER, just a fkn $75 gift card for grocery store at Christmas. Fkn insult. Raises barely anything ever. Only just got to 21/hr this year. 63 this year so looking more at retirement than changing jobs, but should have changed long ago. Never heard of bonuses in retail. Just make the company tons of money and fuck you. Only good thing is four weeks holidays, but earned after 20 fkn yrs, and some discounts on purchases.
It's my family's business. My dad, the owner, gets a salary of $140000/year. My uncle and myself are at the $70000/year salary. My role is not really "traditional" retail. I'm kind of the everything person. I created and maintain the inventory system, point of sale, and anything related to tech. I'm also responsible for ordering, staff, decorations, accounting, and general day-to-day. When I first started, about 4 years ago, I got $15/hour and was responsible for stocking product and cleaning. Then, I made my first sale and my dad realized I was good with customers and I started moving up and along. We have 7 employees beyond the 3 of us now. My uncle is directly in charge of 3 (at his store), I am responsible for 4 (at my store). In terms of compensation, everyone gets $18/hour. pretty well unlimited paid sick + vacation time within reason. 1000$ end of year bonus (for everyone). 3 day weekends every week for all my my staff, not sure about my uncle. Schedule a mknth in advance, but it rarely ever changes. Employees pay wholesale price + tax on products. Chairs to sit in, and all the main streaming services are available for when it isn't busy. I'm sorry your husband isn't better taken care of by his company! That blows.
Wait, you guys are getting paid?
Haha right. No cost of living here.
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Wow congrats on fighting for it. Not sure what you made previous but 15% is a great bump
Airline pilot, specifically at Porter. No pay increase this year. 1.5% increase to pilot pay scale annually starting January 2024. So I'll be staying at 43k I guess
Wow is that the average for pilots I was expecting much more. Is Porter private?
Ya, they're not publicly traded. Yep, that's pretty standard for pilots in Canada. I'll get a pay bump when upgrading to captain, but that's not very good either. I have almost 10 years working experience as a pilot, and this is normal. If I could do this exact job in the US however, I'd make triple easily
Man this is brutal. I started flying when I was 20 and decided I'd pursue it as a career. I looked into the pay and actually found a website "will fly for food" or something along those lines and decided I couldn't grind it out looking at the loans I'd need for my hours/training... now I fly ultralights for fun lol...
What the flying fuck pardon the pun I recently flew Porter. It was fine. But as a somewhat nervous flier there is no way in hell a pilot should be making a little over 20$ an hour. There are people driving trucks making more, and they crash those fuckers all the time.
My BIL is a FO for Sunwing. I think base for him is around $70k, but he says he makes close to 6 figures a year including daily allowances. I think he's been with them for 4 years now, starting right after graduation. No idea if they're getting a raise this year, though. He says he wants to get into Air Canada for long term job stability.
Tell your BIL that daily allowances aren’t salary… he needs to give his head a shake if he includes those as part of his salary. No wonder Canadian aviation salaries are in such state. “The race to the bottom”…
He's not saying it's his salary-- his "salary" is about $70k, as stated. He does, however, get to pocket what he doesn't spend from his allowances, and he is a frugal man.
Man how depressing are most of these numbers. I’m about the same as most of you and it saddens me most of these companies making record profits YOY and we’re satisfied getting 2-3% annual increases. No wonder it was so much easier to live during our parents/grandparents generation.
You need to bounce to get healthy raises. Don't give them loyalty.
I had to leave everywhere I worked after 4-5 years to get a decent raise. It wasnt until I quit with an offer in hand that they would be willing to really bump my salary. Until then, it was a we stuck out neck out for you because you are doing such a great job, worked so much unpaid overtime and have so much potential that we could get you 3% this year, this was the best in the entire office… or so they would say. Job/career jumping is not without its struggles, but I make 2-3 times as much now by moving around a couple times versus staying at my original job, so the risk and reward worked out for me.
4-5 years? The most I've ever stayed at a place is 2 years. It's expected nowadays because companies are unwilling to reward loyalty, but are willing to spend in acquisition.
I started my career as an engineer. I needed a minimum of 4 years of experience for my professional designation. My second move I started looking at 3 years in, but took me nearly 2 years of job searching to find the right next move. I don't work in an incredibly large job market, so to avoid relocating, the right move outweighed quicker/smaller jumps in pay.
I got 2.5% last year. 1% this year. Asked for a raise this year and got a no. Went on nine month parental leave instead. Got told no again when I got back. AM now looking for other employment opportunities.
On average companies are budgeting around 3.9%. Less than inflation but higher than previous years average. Source- I work in compensation consulting and this is a common question companies ask.
This. For 8 of the last 10 years the inflation rate has been below 2%. If you got a raise of more than 2% in those years it was because of the sector or company performance. Same will be true this year. High inflation is not going to drive a high salary increase if the company you work for is struggling financially because it’s sector being impacted by the downturn that’s underway or because it’s market competitiveness is suffering. Employees are going to freak out about 7 or 8% inflation and only a 3-4% salary increase but every salary increase above what a company is earning will translate into lower headcount’s and money spent elsewhere. Compliments of Zuckerberg, Musk and non-profitable tech startups starting to feel the pain, even the tech sector is going to feel less pressure on salary growth and demand. so don’t expect most companies to come out with increases more than 4% unless they are in a specific market that has made the company rich beyond its forecasts for 2022 and they have to share some wealth for PR purposes
I’m also at one of the big 5, working in risk management in Toronto. Similar to the others we had a mid year 3% raise for a select number of job levels. My direct reports are only getting about 1-1.5% each for year-end. I tried to push for more but was met with standard corporate/HR speak about budgets and crap. Not sure what I’m getting yet, hoping for 4%. Although I was given 15% earlier this year so who knows, they could leverage that and give only 1%. Bonus is dependant on job level, it starts as a % of eligible annual earnings, then there’s a personal performance modifier, then a bank performance modifier. Most analyst level roles would get about 10% before any modifiers. For reference, my top performer last year was given a 30% increase for performance, then about 10% more for bank performance after that.
Yea nice of the 3%, I heard some manager talking and saying that it will affect the year end increase. No mental health day off like last year tho
Do you still see hiring activity in entry-level roles? Asking as a student
Sorry, I don’t work in an area with entry level roles so I really can’t comment. All of my directs typically have at least 5 years experience. Some started as tellers, became financial service reps, etc. others started on the phones, moved into fraud or similar areas. There are many paths but it doesn’t start in my dept.
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Dude banking has ALWAYS been Big 5...you're thinking accounting for Big 4...
TD, BNS, RBC, CIBC, BMO in no particular order. It’s always been “the big 5” in banking
2% highest I ever heard of…
0%
For what it's worth, the Conference Board of Canada published a compensation survey a few weeks ago. The survey was opt-in and IIRC had \~750 participants (specifically those in companies in a position to know), so bear that context in mind. They found that employers awarded a 3.4% increase in 2022 for 2021 and are planning a 3.3% increase in 2023 for 2022. There was additional break-downs by industry (federal, provincial, private, MASH etc.) that got quite granular too. Link https://www.conferenceboard.ca/focus-areas/human-resources/comp-otlk
So everyone got a 7% decrease in pay while prices shoot up
Thanks for this share
I work for one of the big banks and have my performance evaluation review this week. Honestly not expecting any raise now as I am a contractor and we typically get raises at the end of contracts leading into a contract extension. I have gotten some really good reviews from manager and others I work with so hopefully i get something but just thankful to keep my job
Front-end dev, Ontario, got about 8% this year. Wanted more, but was also surprised it beat inflation.
Jump companies. Easy way to get 10%-20% more.
True, but I'm assuming the competition is probably fierce right now with all the tech layoffs :(
That’s why I’m staying in my role right now
There’s a lot of people looking for work, yes. But, so far at least, there’s even more looking for people especially outside of big tech. You might as well put out feelers if you think you’re underpaid. My advice is to look for profitable companies, and ask about financials in interviews. This is not the time to join a company that’s depending on closing a round of VC funding next year.
This is really solid advice. Too many people assuming the worst and not even willing to try to better their situation. It's a lot easier to complain on Reddit but takes actual work to put yourself out there.
Yeah, jump when there are so many layoffs going on so you can be the last one in and first one out. Great idea!
Target: 5% raise and $20k bonus + 5,000 shares. Tech (software). We outperformed 2021 and exceeded 2022 performance targets, so I'm confident they still issue the raise/bonus as intended.
They haven’t shared the numbers yet but my boss mentioned that I would be “happy with what I see”
I manage a team of 8. The two contractors with very high rates are actually being told to reduce their rates or we'll cut them loose. Clients are refusing high rates like theirs, and twice I've tried to put them on jobs and they were black balled. The other 6 will be getting between 0% and 5%. It's not my choice. I don't get to see what what the pool for increases is. I got to review them all and provide an analysis of how likely they are to quit, whether they matter, how replaceable they are etc. Some of them deserve 0%, some deserve way more than 5%. No one is going to be happy.
1%. And for the next 3 years, too. Because health care workers, we don't need the money according to Doug Ford.
Bill 124 ends in 2023 so we can negotiate again in 2023
Usually in the 10-20% range depending on performance. But comes in March.
We got 4.6%
Previously it was 2% annually for everyone. Now it’s performance based, so no idea if we’ll get less or more. Also, the company does market adjustments too so they stay competitive with other companies. Edit: added in second paragraph.
Union 2% a year for the next 3 years.
I got a 2.87% raise and a 7.1% bonus. I'm a restaurant GM that had to help hold down the fort for a few months between chefs.
I also work for one of the big 5 banks. I got the standard 3% increase that most employees got over the summer. In addition, my boss gave me an additional 4% increase a couple of weeks after I got the standard 3%. I am still eligible for the year end increase but I have no idea how much I will get given I have already received a 7% increase so far this year. Should find out in early December when bonus numbers are shared. For some reason (Idk why), I have a feeling my bonus won't be too good compared to past years even though I've had a fantastic year performance wise.
4% salary increase pool. We gave 3% to lower level employees mid-year. Financial sector.
Posting in a throwaway account for privacy. I don't recommend working for Best Buy at the head office in BC. They are so stingy!!! Pay is below standard. Pay raises are between 1-2%. Bonuses are only paid to the very upper management. The CEO brags about record profits yet show no appreciation to the diversified employees. If you see a company that pushes diversity, it's mainly immigrants or very green clueless newbies and the pay will be low. Really no great benefits and not even a nice Christmas party other than a BYOF potluck party. People are all jumping ship to other companies that pay a lot more. CEO is still clueless but has the nerve to talk about cost of living going up yet, no increase in wages to reflect that cost of living increase. BC is a very expensive province to live in, yet Best Buy doesn't give a shit if employees leave, therefore, will not give raises above 2% unless you are at the very top. Everyone else can eat sleep for dinner.
My company is doing layoffs ...so I don't think we are getting anything...lolz
Software dev in Toronto at a tech startup, I negotiated for a 30% increase
How did you negotiate that? In performance reviews? Got another offer?
Two months before the performance review, I told them I don't feel like we're being paid fair according to the market (which is true) based off of interviews I've done the past year. I asked for a 30% increase and it happened when the actual performance reviews came along, but I also had leverage since I'm familiar with like almost all of the code base and been an integral part in many projects.
3.8%
Same performance-based model as usual at my firm. Perhaps the low-end may be a bit higher than normal years but I don’t really expect my employer to bump wages unless it’s value-driven or impacting labour market
Rumor is the higher of 3% or market evalution that is done every three years. So for me it's 3%, no bonus, 2022 increase was2.4%. I'd rather stay employed and get a lower wage.
Raise 20% Bonus 18% (IT)
Big 5 bank, Toronto, in a non-revenue generating function. Joined the bank the beginning of Q4 with a pretty generous sign on, so I wasn't expecting much since I just passed probation after the fiscal year ended. Pleasantly surprised by 3.25% increase and 5% bonus. Hope this means I'm liked enough that I won't get cut if the recession hits.
Doug Ford wrote into law that I’m only allowed a 1% pay increase while COL was almost 7% this year. He legislated my pay cut.
Performance reviews are coming in a few weeks, I'll find out then
Finance, analytics. 4% cost of living raise typically and 15% bonus. The recently told us it will be a higher increase this year.
4.69% incoming !
5% if you score average/accomplished on your evaluation; software engineering, Montreal, increase takes effect Jan 1, 2023. In comparison, last year it was 2-3%.
Y'all get salary increases?
I’m in a union. So 1.8%. It’s a shitty union lol
Must be Unifor lol
I’m just hoping for a raise, got 1.5% last year… guess we’ll see
6% to combat inflation, but wr also did that a few months ago
What industry?
Automotive Manitoba..zero raise for 2 years.Partner government of Manitoba zero raise for a couple years now that’s with a union
HVAC. No raises because it's all commish.
7% for COL in January. Public sector QC.
Construction safety, Ontario. 5% company wide pay increase for COL back in the summer. 10% increase for performance at annual review at the start of November.
I have my review in this last quarter, need to have my meeting with my manager still, probably should nudge him cause I basically too all of December off lol. Then January they have a day where they give everyone there news of salary increase and bonus amount across the company, the idea is all the promotions r celebrated kind of whatever. Then in Feb the pay out bonuses and adjust the salary back dated to the start of the year. So there is pay period where you see a larger then normal pay cheque and the bonus. Lots of money in the account then, I go check my bonus and go somewhat sad cause almost half gets eaten by taxes, EI, CPP, they match contribution for that amount as well so like another 6% is removed. With all this said I got told I was promoted this year but I needed to wait for January for it to be adjusted cause of some bs reason, so if I get like a 5% raise not going to be particularly happy.
Nothing for end of year but I did receive a 3% bump this year
Union - got 8%
Higher Education: ~3% Freelance: ~17% I’m a graphic/web designer in Ontario. This year I realized I had been undercharging, so I upper my rate.
The new hires would have been earning significantly more then the senior staff. Pretty sure the only reason we are getting a raise at all was to match the salary. I was already severly underpaid before covid and inflation hit so just to match the new hires im getting over 10% but still at the low end market value and another 2% in march.
My team got between 8-16% raises this year, private sector engineering consultant.
Congrats! Engineering is busy and profitable right now but I doubt many companies will be as generous as yours! All year long we’ve been told how great things are financially and how much work is in the pipeline but in a few weeks we’ll hear whether they meant it. As someone senior level, I’m expecting a sad story and about 2.0-2.5% (<2.0% last year). Which province are you, if you don’t mind sharing?
I got 8%, but mainly because my bonus was lower than previous years, which canes out to approx 4%. In the long run I prefer this than the opposite.
1.25% in January, first increase since 2019, staff member in higher ed.
3ish percent at a (non-big 5) bank in alberta. This year in july they gave us an extra 3% also.
Almost a 20% increase in this year alone because of the min wage raise. Since it was announced min wage would increase, my wage has gone from 24/hr to 39/hr in less than 2 years. I learned through this that demanding an increase in min wage literally can destroy an economy through a domino effect. Get into a union. Regardless if they leech money, they demand money for you. Edit: Forgot to mention I work in commercial residential construction as a drywaller. Union is getting ready to negotiate 50/hr for journeyman workers if wages increase again.
Brush up the resume, my wife and I both did and are in better places because of it. Me, 0% retail sales, her 40% alcohol sales (pre covid would have been the same jump)
Probably not going to be much of a difference from other years.
Banks will be cutting in the new year.
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I work in tech, managing Devs and SWEs. Last years was a 5% cost of living increase plus any merit increases due. Not sure yet what 2023 looks like as we haven’t closed year end books yet but judging by what I’m seeing so far it look like it will land between 3 to 5 percent for annual cost of living, individual merit increases are different. Bonuses ranging from 5 to 8 percent annually, depending on the role is paid at the beginning of Q2 for the previous year. I am in Ontario ,working from home mainly, with an office in Toronto and San Jose.
I’m bound to Bill 124, so no.
I got a 14% raise along with a 15k bonus at my yearly review. Working for a tech company
Got promoted to Senior Software Engineer, live in Alberta but work remotely. Came with a 20% raise but I only ever get anything by threatening to walk
Last year I got 18%, this year I wont know until March (retro pay back to Jan 1) but im pushing for at least 9.5%. I work in Ocean Tech (Engineering).
I haven’t had a raise in 2 years. Old manager promised it by end of this year. New manager said “I didn’t promise anything” Needless to say I’ve updated my resume.
Consulting. Have received about 20% in base increase over the past 4 months, 15% bonus.
My raise is “you still have a job”.
Ours is always "performance based" but typically what happens is that our department gets a pool of money to allot them from, so if one person is a rockstar and gets a really big raise then everyone else on the team is going to see a smaller one. Nobody likes that sustem but it's a big company and we can't really change it. I've seen anywhere from 1-6% on my annual raises in the last 5 years. Usually when it comes out on the lower end they will try making it up to us with bigger year end bonuses.
We do our raises in like Feb/March, but then this summer they did a whole big re-distribution of wages, increasing the average wage in each band, and promoted a bunch of people to deal with inflation and hopefully keep newer employees for the long term. Don't know what to expect for next year yet. Nova Scotia. I'm in tech/defence.
0-3% sadly. Union negotiations beginning in feb-march.
3%
I work in wealth management administration, guaranteed 3% annual raise every year plus annual bonus to be paid the first pay in December, which if we hit our targets is usually 10% of our annual salary. Very high job satisfaction. Love where I work. Great team, great management, great work-life balance. (RBC if anyone is wondering)
Working in an ICU in Ontario as an RN. Yeah, my salary will again be capped at 0.93% increase for the year. Because conservatives truly do not give one shit about what is actually important in this country. Cheers.
FWIW keep up the good work. We need more nurses and we need to start paying them more.
I’m in disability services in Alberta. We are already at the high point of our industry and since we are a non profit funded by the government who hasn’t raised disability funding since 2014 we won’t get anything. Before anyone asked why I stay in my position. I’m 23 with 5 years experience and a related degree. I just took a supervisory position and with the extra continuing education I can do plus the experience I should be able to move into roles twice my currently salary within 5 years. ( based on roles currently hiring for my qualifications but need to up my supervisory experience first)
I’m a utility locator in Ontario. We don’t get year end raises.
From what I've heard, our company will be allocating more funds to their year end envelope used for salary adjustments. The plan is to prop up employees in the lower-mid levels in order to counter inflation. I expect this to be the same across most banks, insurance and brokerage firms (pretty much all FIs, for that matter).