2020 might be over, but the world of work is still going through a lot of changes. New work skills for remote workers and shifting responsibilities due to new market demands are just a couple of the most notable changes that employees are seeing as 2021 gets into full swing.
But what about salaries? If you’ve been wondering about the changes in pay, we’ve got the answers. Continue reading to find out about this year’s salary trends, why you should be renegotiating your salary, and how to use our Salary Calculator to your advantage.
Salary trends in 2021
It’s no secret that many companies have frozen salaries since the pandemic started, so some sectors of the economy are likely to continue this trend well into 2021. This is especially true for industries like banking that are on the verge of implementing massive job cuts on a global level as they increase their use of artificial intelligence and online services.
Other sectors, like e-commerce and online education platforms have seen unprecedented growth and expansion of their workforce over the past year. This might be why experts predict slight salary increases in some areas of Canada, even as much of the country is still affected by lockdowns and the pandemic.
Why you should consider negotiating a better salary
You might think that negotiating your salary in the middle of a pandemic is a terrible idea, but if you’re getting paid less than the market rate, now could be a good time to open up a conversation with your employer. Your pitch should focus on the value you bring to the company via your past performance and knowledge base. Remember to be mindful of how your company has fared during the pandemic; if you’ve had hiring freezes or layoffs, you may want to treat negotiations as an opportunity to lay the groundwork for future raise considerations. It’s also important to recognize that the process may take more time than normal and that your company may be able to offer other, non-monetary improvements to your compensation package in lieu of a salary raise.
If you’re currently looking for employment and want to negotiate a better job offer with a potential employer, it’s important for you to think about the market rate for your position, your experience and skill set, and the standard of work the company is looking for.
How the Adecco 2021 Salary Calculator can help you
The Adecco Salary Calculator helps thousands of job seekers and employees every year by making it easier to calculate how much pay certain positions and industries should be offering. This also makes negotiating or renegotiating your salary a much more transparent process, as you’ll have the same insider information as your employer.
For example, if you work as an Outbound Call Centre Representative in Ontario and you’re not sure if your salary is comparable to the market, take a look at the salary calculator and you’ll see that wages in your area range from $35,300 to $58,000 a year depending on experience and size of the organization.
The best part? We have salary information from all over the country, not just the big cities. If you live in Regina, Saskatchewan and work as an AutoCAD technician, our Salary Calculator will tell you that market rates for your position and location are between $54,400 and $72,100 per year (based on the size of organization). So, if you realize that your salary is at the lower end of that range even though you have several years of experience and you’re very good at your job, then you might be in an excellent position to negotiate a raise!
So, whether you’re looking for work, already working, or thinking about a career change, the Adecco Salary Calculator is the perfect tool to help you get some perspective on your position in a turbulent economy.
If you’re an employer, check out our article on the benefits of using our Salary Calculator in your organization.