New story from CNW Group published by Daniel Pleasant December 8, 2009

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Compensation outlook improving but Canadians won't make up lost ground from 2009 just yet, says Towers Perrin study

Canadian companies took even more severe measures than originally planned for 2009, with hiring freezes, salary freezes, and a range of other measures designed to manage expenses in line with dramatically reduced revenue, and their outlook for 2010 can best be described as "cautiously optimistic". Views on the timing of recovery are divided -- with one third thinking it will happen in the next 8 months, another third not until late 2010, and a final third not until 2011 or later -- but there are some signs of modest recovery in terms of compensation practices in 2010, according to new research from Towers Perrin. More: http://tinyurl.com/talentmanagement220