You’d consistently exceeded your manager’s expectations, picked up new job responsibilities in the past year or brought in a couple of major new accounts. It looked like a raise was in the cards – and then the pandemic struck. Should you still ask?
With the end of the fiscal year approaching at some companies, many organizations are considering salary freezes rather than raises, according to two recent surveys. In September, Morneau Shepell reported 36 per cent of Canadian companies froze salaries in their 2020 fiscal year and 46 per cent are unsure about whether to increase or freeze them in 2021. Thirteen per cent of respondents said they’d committed to freezing wages next year. As well, the projection for the national average base salary increase dropped below 2 per cent, a first since the 2008 financial crisis.
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