TELUS Health is forecasting a 3.45% increase in average base salaries for non-unionized workers in Canada for 2025.
This is expected to outpace inflation for the first time in four years, mainly due to ongoing labour shortages. According to the Bank of Canada’s recent report, the projected salary increase surpasses the country’s current inflation rate of 2.0%.
“The persistent demand for skilled talent is driving robust salary growth into 2025, despite easing inflationary pressures on employers,” said Guylaine Béliveau, National Practice Leader of Compensation Consulting at TELUS Health.
