More than eight in 10 (81%) Canadian professionals are on the hunt for new job opportunities this year, driven by the quest for better pay, according to a recent report from Robert Walters.
This is the case even though more than half of professional service firms plan to boost their salaries this year. The average pay increase for 2024 stands at 3.5 per cent to 4.0 per cent.
“Historically pay rises have been used as a metric to reward hard work, loyalty, or progression,” says Martin Fox, managing director of Robert Walters Canada. “However, what this survey reveals is how truly unique the market continues to be – where pay rises are now being awarded out of necessity by employers who are fearful of not appearing as a responsible or ethical employer.”