Q1 2013: A Bump in the Road to Recovery?
The PayScale Index Highlights - Q1 2013
Q1 2013 didn't show the rapid wage growth that some parts of Canada enjoyed in 2012, and even saw some decreases during this quarter. But overall, wages are still up more than 2 percent year-over-year across the country.
1. Oil is still a going strong. Although Calgary experienced a slight bump in their wage growth this quarter, they are tied for second with Edmonton for top annual wage growth. No surprise there as these are both oil towns, which is an industry that has experienced tremendous wage growth over the last few years.
2. But it's not all good news. Ottawa and Vancouver also experienced negative wage growth this quarter - the first times since 2011.
3. Montreal surges – finally. Montreal was tops for annual wage growth with 3.8 percent. However, their wage growth since 2006 is at the bottom; only 8.6 percent, which is less than half of the growth experienced by Calgary and Edmonton.
4. Canada's biggest city shows steady growth. As the financial center of Canada, Toronto experienced relatively strong wage growth in Q1 (2nd among Canadian metros). This is no surprise as the financial sector continues to experience a boom in wages overall.
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Methodology for The PayScale Index: Trends in Compensation
The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The PayScale Index uses 2006 average total cash compensation as a baseline.
See full methodology for compensation trend reports