2025 Salary Forecast and Total Rewards Survey Results

The document is a report detailing the findings from the 2025 Salary Forecast and Total Rewards Survey conducted by HUB International. The survey, conducted in June 2024, gathered insights from over 150 business leaders across various sectors in Canada regarding base salaries, salary structures, and future projections. Key findings indicate that 92% of executives and 95% of management and professionals anticipate salary increases, with overall average projected increases of 3.0% for base salaries and 2.8% for salary structures across all organizations. The report highlights trends in recruitment and retention, emphasizing the importance of flexible work arrangements, with 45% of respondents considering them a priority for attracting talent. Additionally, 60% of companies plan to review their compensation and benefits offerings in response to competitive pressures. The report suggests that total rewards strategies are essential for meeting both business objectives and workforce expectations in a dynamic market environment.