2023 will be the year we finally get a raise, two reports suggest

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2023 will be the year we finally get a raise, two reports suggest
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Ontario, British Columbia and Quebec are projected to see the highest average salary increases at 4.1 per cent, while Yukon, Nunavut and Prince Edward Island will see the lowest.

That long-awaited salary increase we’ve all been hoping for is expected to land in 2023.

The largest increases are expected in the technology sector at 5.4 per cent, membership organizations and professional associations at 5.3 per cent, media and telecommunications at 5.1 per cent and construction at 5.1 per cent. As companies come under pressure to offer higher compensation to staff and to recruit skilled workers, new research from Robert Half found that 42 per cent of employers are offering higher starting salaries, while 57 per cent of professionals saying they feel underpaid.

Forty-seven per cent of professionals are more likely to request a higher starting salary today compared to 12 months ago. Sandra Lavoy, a regional director at Robert Half, said she has seen salary increases in construction, IT, and the service industry.

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