As organizations recognize their workforce as a critical competitive advantage, a robust compensation strategy informed by current economic trends is vital. Precise, timely data and analytical capabilities are essential for making informed decisions on allocating compensation budgets, both at a macro level for overall strategies and at a micro level for individual pay. The Payscale Index, which tracks quarterly changes in cash compensation across various job categories and industries, is a key resource for staying informed. In Canada, nominal wages grew modestly in Q2 2024, with Edmonton leading and Montréal lagging in growth.

Join for free to read