Newly released salary guides from recruitment giant Robert Half indicate an expected increase of 3.1 per cent for Canadian professional occupations starting in 2017.
According to the research, employers in the technology sector will experience the biggest rise in costs with a projected 3.2 per cent increase in pay. Finance, accounting, legal, and creative can also anticipate rising costs with all of the industries due to see an increase of 3.1 per cent.
"Companies continue to seek employees with increasingly specialized skills, most notably in finance and technology, and this demand is driving salary growth," said Greg Scileppi, Canadian president of Robert Half, international staffing operations.
"Professionals with expertise in tax, accounting, compliance, big data and network security, are in particularly short supply,” he warned, noting that employers may have to bolster recruitment efforts in a bid to get the best new employees.
“Building and establishing a team with strength in these areas requires a hiring strategy of attractive, flexible compensation packages, and a nimble approach that ensures candidates don't lose interest during a lengthy hiring process,” he stressed.
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Employers looking to recruit in 2017 will have to dig a little deeper to secure the best talent after research suggests starting salaries will jump by more than three per cent.