2017 Salary & Hiring Preview

By Robert Half August 30, 2016 at 6:30am

2017 SALARY & HIRING PREVIEW

The Robert Half Salary Guides track compensation levels for more than 500 positions. Here’s a quick look at the projected starting salary increases and trends taking shape in Canada for 2017:

+3.2% Technology
+3.1% Finance & Accounting
+3.1% Legal
+3.1% Creative & Marketing
+3% Administrative & Office Support
+3.1% Overall

Top Roles to Watch

These are some of the professionals who are in the greatest demand and shortest supply:*

+3.7% Chief compliance officer $154,750 - $200,000
+3.3% Data Scientist $99,500 - $132,000
+5.4% User Experience (UX) Specialist $74,000 - $131,750
+5.1% Network Security Engineer $110,750 - $150,250
+5% Big Data Engineer $123,000 - $158,000
+3.9% Investor Relations Professional $86,500 - $118,500
+3.5% Controller ($50 - $100M in revenue) $104,250 - $141,500
+3.6% Tax Manager ($250M + in revenue) $141,750 - $217,250
+3.5% Senior Law Clerk (7+ years’ exp., large law firm)** $70,000 - $101,000
+3.6% Executive Assistant $54,000 - $68,750

*Salaries listed are national starting salaries only. Calculate local figures and download the complete 2017 Salary Guides at roberthalf.ca/salary-guides.

**Large law firm, 75+ employees

Organizations compete heavily for specialized talent:

The most specialized workers possess college degrees, certifications and unique skill sets. Their roles often involve more than one function (e.g., technology and finance). Unemployment rates for these roles are as low as 2%. 2

Unemployment rate for Canadians aged 25-54 - 5.9% 3

General Canadian labour force — unemployment rate: 6.9%3

FOUR HIRING TRENDS:

1. TIMING IS EVERYTHING Top candidates often have multiple offers within a week. When faced with a lengthy hiring process, 46 per cent of candidates lose interest and pursue other roles. 1

2. SHORTAGES OF THE HIGHLY SKILLED Big data, compliance and security roles continue to be among the most difficult to fill.

3. 3. COLLEGE DEGREE REQUIRED A four-year college degree is a must-have for most professional roles.

4. ONBOARDING IS CRITICAL Savvy firms help new hires integrate with the corporate culture. Employees who don’t feel like part of the team may soon leave for another role.

Sources:

1 Robert Half Time to Hire Survey. More than 400 Canadian adults were surveyed by an independent research firm in Q2 2016. https://www.roberthalf.ca/en/content/are-you-taking-too-long-to-hire

2 Statistics Canada – Cansim Table 282-0141 – July 2016 unemployment

3 Statistics Canada Labour Force Survey Report, July 2016, reported Aug. 5, 2016 https://www150.statcan.gc.ca/n1/daily-quotidien/160805/dq160805a-eng.htm

© 2016 Robert Half International Inc.

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