Some findings:
- 19 per cent of organizations are implementing a salary freeze, with an additional one-third considering doing so.
- In Alberta, the share of organizations implementing a salary freeze is higher: 30 per cent.
- Looking by industry, construction organizations in Canada are leading the pack, with 63 per cent of them putting a pause on salary increases. Both Canadian retail trade and real estate are feeling the pinch—33 per cent of organizations in these industries are also implementing a salary freeze.
Survey responses were collected on Tuesday, April 14, 2020. These findings are part of a Conference Board of Canada series on work and pay during the COVID-19 pandemic. Themes explored so far are:
- Family responsibilities survey (April 9, 2020)
- Pay premium survey (April 1, 2020)
- Remote work policies and compensation survey (March 25, 2020)
Stay tuned for updates as this situation evolves.
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