This year’s report forecasts that Canadian organizations are projecting an average base salary increase of 3.30% for 2027.
What salary planning trends tell us about the year ahead
While salary budgets have moderated from the unusually high increases seen in recent years, the data suggests that employers remain committed to investing in their people and supporting long-term workforce stability.
Financial health remains an important part of the employee experience, but it is increasingly connected to a broader set of factors that help people feel supported and engaged at work. From career development and health benefits to flexibility and retirement readiness, organizations are taking a more holistic approach to supporting their workforce. That's why compensation decisions are increasingly being viewed through a broader lens that includes financial wellbeing, career growth, health supports, flexibility, and the overall employee experience.
The survey highlights this shift. Organizations continue to prioritize employee engagement, leadership development, retention, and wellbeing as they navigate an evolving workplace environment. These priorities reflect a growing recognition that employees perform at their best when they feel valued, supported, and confident about their future.
The findings also reveal how organizations are preparing for what's next. Many are investing in innovation, exploring new ways to improve productivity, and embracing emerging technologies such as artificial intelligence. At the same time, they continue to focus on building strong workplace cultures and developing the skills needed for future success.
As employers begin planning for 2027, the message is encouraging: investing in people remains a priority. Organizations that align compensation decisions with a broader commitment to employee wellbeing will be better positioned to attract talent, strengthen engagement, and build resilient workforces for the future.
For 44 years, our TELUS Health Salary Projection Survey has helped Canadian organizations better understand compensation trends and make informed decisions about their workforce. This year's findings point to a positive outlook for employers and employees alike.