Study Shows Vast Majority of Canadians Aren't Happy with Their Salary
It’s not surprising that many people would like to make more at their job — money makes the world go round, after all, and people like to be fairly compensated for their work.
However, if you’ve ever wondered exactly how many Canadians are seeking a bigger salary, it might be a lot more than you think.
Following a survey of 1,000 Canadian workers, Indeed.ca reports that the majority of the workers in the country aren’t happy with their current salary.
“Only 13% of workers in Canada say they are satisfied with their current salary - down 4% since last year, demonstrating that salary satisfaction is steadily declining,” the report says.
Nearly 9 in 10 people said they’d like to earn more to afford the increasing cost of living comfortably in Canada — wanting, on average, an additional $11,430 to do so.
Due to this increasing discontentedness, it’s no surprise that 53% of workers are considering asking for a raise in 2019, including 58% of millennials.
However, men are a little more likely to ask for a raise than women, with 24% of male respondents saying they’ll definitely be asking for a pay raise this year compared to 20% of female respondents.
“Men are also likelier to ask for more - 44% of male respondents are planning to ask for a 6% to 10% increase compared to approximately 36% of female respondents. Instead, women are more likely to be conservative in their demands, with more than half (59%) requesting for a raise of up to 5%,” according to the report.
Respondents, on average, last received a pay increase between one to two years ago.
“However, 14% of respondents state they've never seen a pay change. So while wages are in fact going up, they're not increasing at the desired rate.”
Of course, asking for a pay increase won’t always get you it. 59% of respondents say that they've been refused in the past because there was no room in the budget, 10% say they were refused after their employer said they hadn't worked there long enough, and 20% of respondents say no reason was given.
Are you satisfied with your current salary?
Data image via Indeed.ca
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