ALBERTA

Alberta's Projected Wage Increase In 2014 Lower Than Last Year: Survey

08/20/2013 06:18 EDT | Updated 08/20/2013 06:23 EDT
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Alberta workers may get a smaller paycheque than they expected next year.

Wage increases in Alberta next year will be lower than initial projections for 2013, according to a survey conducted by the Hay Group.

The province will still rank third highest in Canada, with Newfoundland and Labrador (four per cent), Saskatchewan (3.4 per cent) and Alberta (3.2 per cent) leading the country.

Canadian employees can expect to have an average salary increase of 2.6 per cent, with the oil and gas sector yielding the highest increases.

"A clear divide between the provinces continues," says the survey, "with resource-rich provinces coming in between 3.2 - 4.0 per cent."

The industries with the highest increases also include services at 3.3 per cent, credit unions at 3.2 per cent, chemicals at 3.1 per cent and utilities at three per cent.

The sectors with the lowest projections next year are leisure-hospitality at two per cent, retail, consumer durables and forestry and paper all at 2.1 per cent.

The results were based on input from more than 500 Canadian organizations in June and July.

Canadian projections rank about average against some industrialized nations, above France, Italy and Japan, but behind others such as the U.S., U.K., India, China and Russia.

With files from The Canadian Press

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