Wages seen rising in tight labour market - Sympatico / MSN Finance: "Wages seen rising in tight labour market
By Louise Egan
OTTAWA (Reuters) - Canadian companies in need of new talent will raise salaries by 3.5 percent next year to attract and keep skilled staff in a tight labour market, according to a survey released on Thursday.
With the unemployment rate at a 30-year low and a booming oil and gas industry in Western Canada sucking up new blood, many firms are hard-pressed to fill vacant positions.
The salary increase, based on forecasts of employers surveyed by Watson Wyatt Worldwide, would come on top of a higher-than-expected 3.6 percent average wage hike in the June 2005 to June 2006 period."