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Report: Over half of Canadians want a raise in 2018

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Daily Hive Staff Jan 26, 2018 8:52 am 1,000

Looks like most Canadians are not satisfied with their current paycheque.

Job site Indeed.com surveyed 1,000 working Canadians in December 2017, and found that 52% of respondents will be asking for a raise in 2018.

The study also found that Canadians want to make an average of $11,882.96 more per year in order to live comfortably.

Moreover, 83% of respondents were dissatisfied with their current salaries.

“And of course, dissatisfaction can have negative consequences for employers. More than half of our respondents–53%–told us they would consider changing jobs to make more money,” said Indeed.

And it may come as no surprise but millennials (those between 25 to 34-years-old) are the age group asking for a higher paycheque.

Indeed found that nearly 33% of millennial employees said they are definitely going to ask for a raise.

So just how should you be asking your boss for more money?

Indeed says you definitely need to prepare before having the talk with your manager.

“On the employee side, employees need to prepare well in advance for that salary conversation. Look for ways to measure and demonstrate how your initiatives have helped your employer.”

The job site also stresses that being realistic with expectations is important.

“Know what you’re worth, and if you’re asking for more than that, be prepared to be negotiated down. Upgraded benefits may be a good compromise, but having an employer who leads in a respectful way can also mean significant long-term opportunities for your career – and your non-work life.”

So if you’re planning on asking for a raise this year, make sure you can prove why you’ve earned it.

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Daily Hive Staff
Launched on June 1, 2016, Daily Hive is the evolution of Vancity Buzz and is now in Vancouver, Calgary, Toronto, and Montreal.
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