Pattie Lovett-Reid: Almost half of Canadian employers offering promotions without salary raise
Rising in the ranks at work isn’t what it used to be.
According to a new survey by human resources firm OfficeTeam, 47 per cent of Canadian employers said they offer promotions to workers without salary increases, rising substantially from 25 per cent in 2011.
And employees don’t seem to be pushing back: 55 per cent of workers said they would take the higher title, despite their pay remaining stagnant, the survey said.
Men and younger workers are more willing to accept promotions without a raise. The survey found that 59 per cent of male employees would accept a promotion without more pay, compared with 51 per cent of women. Meanwhile, 62 per cent of workers between 18 to 34 said they would accept those conditions, compared with 52 per cent of workers aged 35 to 54, and 45 per cent of workers over the age of 55.
"While providing advancement opportunities can be a valuable way for companies to motivate employees and reward success, many professionals expect a promotion to come with a raise," said Koula Vasilopoulos, a district director with OfficeTeam, in a release.
"If limited resources make that difficult, employers should be prepared to deliver alternate perks like more vacation time or enhanced benefits to keep staff satisfied."
The survey included responses from 300 human resources managers at Canadian companies, and more than 1,000 Canadian office workers over the age of 18.