Business owners looking for the most up-to-date Okanagan salary and compensation data will now have access to a new resource.
Starting September 13th, companies are invited to participate in Accelerate Okanagan’s Workforce Insights Salary and Compensation Study. In addition to salaries, the comprehensive report will assess peripheral aspects of compensation and benefits, like paid time off, bonuses, and stock options.
“We want to provide local business owners with a holistic picture of what compensation looks like in today’s competitive global market,” says Brea Lake, CEO of Accelerate Okanagan. “It has become critical for employers to understand how compensation affects not only their ability to recruit but also how it affects their ability to retain their employees.”
To conduct the study, Accelerate Okanagan has teamed up with BenchMarket, a research consulting firm that specializes in compensation and HR policies. BenchMarket conducts a similar study on Vancouver Island and across Ontario. Companies participating in the Okanagan Study will have the ability to compare salary data against these other regions. These national comparisons are critical for business owners that are looking to hire remote workers across Canada and stay competitive.
“Between hybrid work environments and cost-of-living, a lot has changed in the last couple of years, and keeping on top of where salaries should be has been a challenge. We are eager to see this report to make sure our compensation is in line with industry standards.”
Providing employers with the insights they need to make data-informed decisions adds a level of transparency and confidence to how the business operates. This study comes at a critical time when national inflation is on the rise and Canada’s tech sector has seen many mass layoffs. With growing uncertainty from both employers and employees, it is important to evaluate the current trends to really understand what is going on in the Okanagan region.
Participating in the Workforce Insights Okanagan Salary and Compensation Study is not limited to companies in the technology sector, all Okanagan businesses are invited to participate. While technical roles will be included, businesses with Sales, Marketing, Administrative, and Executive teams are also encouraged to participate.
Want to learn more?
Sign Up for the Info Session
On September 22 and September 27 we will be hosting info sessions with BenchMarket to help answer questions regarding the Workforce Insights Study.SIGN UP TODAY
The Workforce Insights Okanagan Salary and Compensation Study will be open from September 13 to October 28, 2022. For more information, visit our Workforce Insights webpage.