Boosting pay, benefits not enough to combat turnover: Survey

October 1, 2022

Two-thirds of Canadian companies (66 per cent) say they are increasing wages this year — up significantly from 51 per cent in 2021 and 44 per cent in 2020, according to a survey released by Express Employment Professionals.

In addition, 28 per cent are increasing benefits, with the most common being increased sick leave (17 per cent), additional health care incentives — such as gym memberships or mental health resources (17 per cent) — along with increased paid time off (16 per cent), more parental leave time (13 per cent) and improved retirement plans (12 per cent).

Source: HR Reporter