Posted AT 12:41 PM EST on 27/08/08
Wage raises to slow in '09
Canadian workers will see lower salary increases in 2009 as employers respond to slowing economic conditions, according to two new surveys released Wednesday.
A report released by consulting firm Mercer forecasts wage increases of 3.8 per cent next year, down from 4 per cent in 2008, while another survey from Hay Group suggests wages are set to rise 3.7 per cent in 2009.
Mercer surveyed 485 employers with 1.
The full text of this article has 415 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -295.81 | 8,539.92 |
| DJIA | -229.31 | 8,195.44 |
| S&P 500 | -32.49 | 826.63 |
| Nasdaq | -61.07 | 1,422.20 |
| Stock Profile | Sponsored by: |
|---|---|
 |
Video:
|
Technology 
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
MOST POPULAR
Most Popular
| Rank | Headline |
|---|---|
| 1. | Carney signals further interest rate cuts 10:12 AM
|
| 2. | McGuinty sees smaller auto industry despite aid 11:21 AM
|
| 3. | GM Canada beset by pension crisis 1:00 AM
|
| 4. | Toyota shuts North American plants for two days 12:04 PM
|
| 5. | China wary of unrest as economy slows 7:40 AM
|
| 6. | How David Dodge would fix the financial system 9:21 AM
|
| 7. | Microsoft still eyes search deal with Yahoo 1:26 PM
|
| 8. | At Harvard, it's business as usual 1:01 AM
|
| 9. | Agnico-Eagle to raise $252-million in issue 11:56 AM
|
| 10. | Scotiabank hit with heavy charge in quarter 18/11/08 7:51 PM
|
The Law Page
- Bay Street under the gun
- Disclosure ruling in class actions has created 'real fear out there'
Globe Investor Magazine
- Centre of the storm
- The 10 most powerful people in the investment industry
Forbes.com
- Your investing personality
- Knowing your good and bad tendencies and making allowances for them can make you a better investor
Restaurant Diary
- It's always something at Joey Fiasco's
- Life on the front lines of an appropriately-named new business
ROB Magazine
- You picked a fine time to leave, Chuck
- Why we'll miss RBC Capital Markets' Chuck Winograd
Adhocracy
- Read My Lips: Xbox 360
- Plus: Motrin Moms 2
The Breakthrough
- Turning hair care into a piece of Cake
- An original idea, a big risk, and thoughtful development helped a Toronto entrepreneur expand her beauty company into a sweet-smelling success
Incubator Feature
- Slow and steady growth should pay off for spud distillery
- A small PEI vodka distillery seeks to expand their customer base, and add whisky to the product mix. A highly regulated marketplace is proving to be a challenge
FABRICE TAYLORThe way it's going for Nortel, maybe it's time to turn out the lights
JOHN HEINZLBehold the magic moving average: It's not perfect, but it's close
BARRIE McKENNAAuto execs plea for lifeline to stave off total collapse