Randstad Canada HR Blog

What does salary actually mean?

Posted by James Rubec on Thu, Jan 16, 2014 @ 07:16 AM

What does salary actually mean?

Randstad National Compensation SurveySalary, an age old concern: The Randstad National Compensation Survey

Salary is an ancient idea; the word itself predates the Roman Empire, which used the term “salarium argentum” for the salt rations that soldiers were paid. You can see where the saying, not worth their salt comes from.

It is a matter of perception; if offers are too low will strong performers choose to work elsewhere. If they are too high can you afford to keep your staffing levels where they need to be?

This all depends on where you live, what industry your business is in, or what role you play in an organization. If you work at a coffee shop, it would be hard for you employer to pay you $50,000 with a complicated and comprehensive benefits package, or if you run an company in ICT, you’d be hard pressed to pay your staff minimum wage and expect to keep them around.

New valuable resource for the Canadian labour market

Randstad Canada has commissioned a comprehensive analysis of our own internal numbers and data from an external partner, the Economics Research Institute, to establish a more broad based assessment of salary in Canada. 

Over the coming weeks we’ll be releasing a series maps, and guides that will Canadian’s and companies navigate through this important this is piece of the employment puzzle. The tool is called Randstad’s 2014 National Compensation Survey.

Our goal is to provide a contextual start to your discussions on salary. We’ve collected and curated data for thousands of roles for positions in over 50-cities in the country. 

Do you have questions regarding your salary, ask away!

We will be publishing interviews with Randstad business leaders, people who help candidates negotiate their salaries with employers and who work with employers to provide persuasive offers to those candidates.

We’ll also be fielding questions from our readers on ways to better leverage their experience to help them find work and about ways to request raises, or influence a possible promotion decision.

You can also contact Randstad PR and Communications team at communications@randstad.ca for more information on other public release dates or to arrange interviews with Randstad stakeholders regarding salaries and the guides themselves.

 Have a question about salaries or the world of work? Ask us on Twitter @RandstadCanada, and we’ll connect you to an expert who can help.

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