canada market briefing - hay group ferry hay...3 plans for base salary increases in the next 12...

10
1 CANADA MARKET BRIEFING: Compensation Planning Update for 2017 September 1, 2016 Highlights The compensation market in Canada continues to be conservative. With core inflation steady at around 2.1%, the average increase for 2017 will be 2.2%, down slightly from the 2.4% forecast this time last year but flat relative to the increases that were actually implemented in 2016. Quebec shows the highest forecast increases for 2017 at 2.5%, while Alberta (1.3%) and Newfoundland & Labrador (1.4%) are noticeably below the national average which bucks the trend of recent years. Some 30% of organizations who have already made decisions about their 2017 increases have decided to freeze their salary ranges (although most will still be granting actual increases and moving people within their ranges). This is up from 25% last year and 21% the year before, possibly indicating a move away from annual adjustments for some companies in a sustained low inflation, low growth economy. The financial sector can look forward to larger adjustments (2.5%) than the industrial sector (2.2%), while the public sector (1.8%) is expected to receive below average increases. Within the broader industrial sector, the sub-sectors of high technology (2.6%) and also pharmaceutical (2.7%) will do well while oil & gas (1.0%) and mining (1.7%) will do less well. The size of the organization does not have a noticeable impact on the level of increases being provided nor does the level of job within the organization. Executives/Senior Managers will be receiving the same % increases as the professional and support staff, and there is no recognizable difference between unionized staff and non-unionized staff. Overview of the analysis In July, Hay Group conducted its annual compensation planning update for the upcoming year. Organizations were surveyed with an online questionnaire for their forecasts for base salary policy and base salary actual for the next twelve months. Six hundred and ninety-nine organizations responded: 461 industrial, 117 financial and 260 organizations from the broader public sector (note some organizations report operations in more than one sector). We have provided the results including and excluding 0% increases (salary freezes) and any decreases. As not all participants provided information for all employee levels, data published are based on the actual responses for each question. Some 23% of respondents have had their proposals “approved” while 77% remain as proposals. Participating organizations are grouped into sector markets based on the following definitions. Industrial sector: Industrial sector organizations include basic resources, chemicals, construction and materials, consumer durables, fast moving consumer goods, high technology, industrial goods, leisure and hospitality, media, oil and gas, pharmaceutical and medical supplies, retail, services, telecommunications, transportation, and utilities.

Upload: hoangthu

Post on 21-Apr-2018

217 views

Category:

Documents


1 download

TRANSCRIPT

1

CANADA MARKET BRIEFING:Compensation Planning Update for 2017September 1, 2016

Highlights

The compensation market in Canada continues to be conservative. With core inflation steady at around 2.1%, the average increase for 2017 will be 2.2%, down slightly from the 2.4% forecast this time last year but flat relative to the increases that were actually implemented in 2016. Quebec shows the highest forecast increases for 2017 at 2.5%, while Alberta (1.3%) and Newfoundland & Labrador (1.4%) are noticeably below the national average which bucks the trend of recent years.

Some 30% of organizations who have already made decisions about their 2017 increases have decided to freeze their salary ranges (although most will still be granting actual increases and moving people within their ranges). This is up from 25% last year and 21% the year before, possibly indicating a move away from annual adjustments for some companies in a sustained low inflation, low growth economy.

The financial sector can look forward to larger adjustments (2.5%) than the industrial sector (2.2%), while the public sector (1.8%) is expected to receive below average increases. Within the broader industrial sector, the sub-sectors of high technology (2.6%) and also pharmaceutical (2.7%) will do well while oil & gas (1.0%) and mining (1.7%) will do less well.

The size of the organization does not have a noticeable impact on the level of increases being provided nor does the level of job within the organization. Executives/Senior Managers will be receiving the same % increases as the professional and support staff, and there is no recognizable difference between unionized staff and non-unionized staff.

Overview of the analysis

In July, Hay Group conducted its annual compensation planning update for the upcoming year. Organizations were surveyed with an online questionnaire for their forecasts for base salary policy and base salary actual for the next twelve months. Six hundred and ninety-nine organizations responded: 461 industrial, 117 financial and 260 organizations from the broader public sector (note some organizations report operations in more than one sector).

We have provided the results including and excluding 0% increases (salary freezes) and any decreases. As not all participants provided information for all employee levels, data published are based on the actual responses for each question. Some 23% of respondents have had their proposals “approved” while 77% remain as proposals.

Participating organizations are grouped into sector markets based on the following definitions.

Industrial sector: Industrial sector organizations include basic resources, chemicals, construction and materials, consumer durables, fast moving consumer goods, high technology, industrial goods, leisure and hospitality, media, oil and gas, pharmaceutical and medical supplies, retail, services, telecommunications, transportation, and utilities.

2

Financial sector: Financial sector organizations include banks, insurance, and financial services.

Private sector: Private sector organizations include publicly traded, privately owned, mutual, and co-operative organizations.

Broader public sector: Broader public sector organizations include government, crown corporations, and not-for-profit organizations that provide some form of public administration services.

OVERALL AVERAGE FOR ANTICIPATED INCREASES EXCLUDING 0% & DECREASES – APPROVED & NOT YET APPROVED

ALL SECTORS INDUSTRIAL SECTOR

FINANCIAL SECTOR

BROADER PUBLIC SECTOR

Base salary policy 1.9% 2.0% 1.9% 1.8%

Base salary actual 2.4% 2.4% 2.6% 2.2%

The average increase in salary range is 1.9% amongst those organizations who will be changing their ranges for 2017; however, since close to 30% of organizations will not be moving their ranges at all, the overall average range adjustment is 1.4%. There is less difference in terms of the actual salary adjustments (rather than salary ranges) when we exclude the freezes (0% increases) as about 10% of organizations anticipate an absolute salary freeze.

OVERALL AVERAGE FOR ANTICIPATED INCREASES INCLUDING 0% & DECREASES – APPROVED & NOT YET APPROVED

ALL SECTORS INDUSTRIAL SECTOR

FINANCIAL SECTOR

BROADER PUBLIC SECTOR

Base salary policy 1.4% 1.4% 1.5% 1.3%

Base salary actual 2.2% 2.2% 2.5% 1.9%

Although times may be difficult in Alberta this year, that province has benefited from above average increases for most of the past decade. In the 10 years from 2006 – 2015, Alberta benefited by averaging 0.7% above the national average, and Newfoundland & Labrador also benefited by an average of 0.5% per year. By way of comparison, Ontario averaged 0.2% below the national average and the Atlantic provinces were lower at 0.4% below the national average.

PROVINCE2017

PROJECTION2016

PROJECTION2015

PROJECTION2014

PROJECTION2013

PROJECTION2012

PROJECTION

BC 2.3% 2.3% 2.6% 2.3% 2.7% 2.5%

Alberta 1.3% 2.5% 3.1% 3.2% 3.6% 3.4%

Saskatchewan 2.2% 2.7% 2.9% 3.4% 3.2% 3.2%

Manitoba 2.4% 2.5% 2.3% 2.6% 2.7% 2.5%

Ontario 2.3% 2.5% 2.5% 2.5% 2.7% 2.7%

Quebec 2.5% 2.5% 2.6% 2.6% 2.7% 2.8%

Maritimes 1.9% 1.9% 2.1% 2.1% 2.6% 2.4%

Newfoundland 1.4% 2.3% 2.6% 4.0% 3.4% 3.4%

GTA 2.4% 2.5% 2.5% 2.5% 2.8% 2.7%

3

Plans for base salary increases in the next 12 months

PLANS FOR BASE SALARY POLICY INCREASES – ALL SECTORS

LEVELPERCENTAGE OF ORGANIZATIONS

INCREASE FREEZE DECREASEDON’T KNOW

YET

Clerical / operations (union) 40% 20% - 41%

Clerical / operations (non-union) 40% 16% - 44%

Supervisory / junior professional 41% 16% - 43%

Middle mgmt / seasoned professional

40% 15% - 45%

Executive / senior management 36% 16% - 48%

Note: Percentages may not total 100% due to rounding.

PLANS FOR BASE SALARY ACTUAL INCREASES – ALL SECTORS

LEVELPERCENTAGE OF ORGANIZATIONS

INCREASE FREEZE DECREASEDON’T KNOW

YET

Clerical / operations (union) 72% 5% - 22%

Clerical / operations (non-union) 65% 7% - 28%

Supervisory / junior professional 65% 7% - 28%

Middle mgmt / seasoned professional

64% 7% - 29%

Executive / senior management 59% 9% - 32%

Note: Percentages may not total 100% due to rounding.

Anticipated average increases including 0% & decreases – approved & not yet approved – by region

ALL SECTORS

REGION BASE SALARY POLICY INCREASE BASE SALARY ACTUAL INCREASE

Maritimes* 1.0% 1.9%

Alberta 0.8% 1.3%

British Columbia 1.2% 2.3%

Manitoba 1.3% 2.4%

Ontario 1.6% 2.3%

Québec 1.6% 2.5%

Saskatchewan 1.5% 2.2%

Newfoundland and Labrador 0% 1.4%

* Note: Maritimes include Nova Scotia, New Brunswick and PEI.

4

Anticipated average increases – by sector

ALL SECTORS

LEVEL

BASE SALARY POLICY BASE SALARY ACTUAL

INCLUDING 0% EXCLUDING 0% INCLUDING 0% EXCLUDING 0%APPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVED

Clerical / operations (union) 1.3% 1.4% 2.0% 2.0% 2.2% 2.2% 2.3% 2.4%

Clerical / operations (non-union) 1.3% 0.9% 1.9% 1.8% 2.1% 1.8% 2.4% 2.3%

Supervisory / junior professional 1.4% 0.9% 2.0% 1.8% 2.2% 1.8% 2.5% 2.4%

Middle mgmt / seasoned professional

1.4% 0.7% 1.9% 1.7% 2.2% 1.6% 2.4% 2.3%

Executive / senior management 1.4% 0.6% 2.0% 1.7% 2.1% 1.4% 2.5% 2.4%

Overall average 1.4% 0.9% 1.9% 1.8% 2.2% 1.8% 2.4% 2.4%

INDUSTRIAL SECTOR

LEVEL

BASE SALARY POLICY BASE SALARY ACTUAL

INCLUDING 0% EXCLUDING 0% INCLUDING 0% EXCLUDING 0%APPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVED

Clerical / operations (union) 1.3% 1.3% 2.1% 2.2% 2.1% 2.2% 2.3% 2.4%

Clerical / operations (non-union) 1.3% 1.0% 2.0% 2.0% 2.1% 1.8% 2.4% 2.3%

Supervisory / junior professional 1.4% 1.0% 2.1% 1.9% 2.2% 1.8% 2.5% 2.4%

Middle mgmt / seasoned professional

1.4% 0.8% 2.0% 1.8% 2.2% 1.7% 2.5% 2.3%

Executive / senior management 1.4% 0.7% 2.1% 1.8% 2.2% 1.6% 2.5% 2.4%

Overall average 1.4% 1.0% 2.0% 1.9% 2.2% 1.8% 2.4% 2.4%

FINANCIAL SECTOR

LEVEL

BASE SALARY POLICY BASE SALARY ACTUAL

INCLUDING 0% EXCLUDING 0% INCLUDING 0% EXCLUDING 0%APPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVED

Clerical / operations (union) 1.5% 1.7% 1.8% 2.1% 2.7% 2.9% 2.7% 2.9%

Clerical / operations (non-union) 1.5% 0.5% 1.9% 1.8% 2.5% 2.4% 2.6% 2.9%

Supervisory / junior professional 1.5% 0.5% 1.9% 1.8% 2.5% 2.1% 2.6% 2.9%

Middle mgmt / seasoned professional

1.5% 0.5% 1.9% 1.8% 2.5% 2.1% 2.6% 3.1%

Executive / senior management 1.5% 0.3% 2.0% 1.8% 2.5% 1.7% 2.6% 3.4%

Overall average 1.5% 0.7% 1.9% 1.9% 2.5% 2.2% 2.6% 3.0%

5

BROADER PUBLIC SECTOR

LEVEL

BASE SALARY POLICY BASE SALARY ACTUAL

INCLUDING 0% EXCLUDING 0% INCLUDING 0% EXCLUDING 0%APPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVEDAPPROVED & NOT YET APPROVED

APPROVED

Clerical / operations (union) 1.4% 1.4% 1.9% 2.0% 2.2% 2.3% 2.3% 2.3%

Clerical / operations (non-union) 1.2% 0.7% 1.8% 1.5% 2.0% 1.6% 2.2% 2.3%

Supervisory / junior professional 1.3% 0.8% 1.8% 1.6% 2.0% 1.8% 2.3% 2.4%

Middle mgmt / seasoned professional

1.3% 0.7% 1.8% 1.4% 1.9% 1.5% 2.3% 2.2%

Executive / senior management 1.3% 0.6% 1.9% 1.5% 1.8% 1.2% 2.2% 2.2%

Overall average 1.3% 0.8% 1.8% 1.6% 1.9% 1.7% 2.2% 2.3%

6

1st Choice Savings and Credit Union Ltd.

A&W Food Services of Canada Inc.

A. Harvey & Company LimitedAdare Pharmaceuticals ULCAdvance Engineered Products

Ltd.AECOMAecon Group Inc.Affinity Credit UnionAGF Management LimitedAgfa Healthcare CanadaAgfa Inc.AgilecAgnico-Eagle Mines LimitedAgricorpAgropur coopérativeAir CanadaAir Products Canada Ltd.Aker Solutions Canada Inc.AkzoNobel Canada Inc.Alberta Energy RegulatorAlberta Health ServicesAlberta Innovates - Bio

SolutionsAlberta Innovates - Health

SolutionsAlberta Pension Services

CorporationAlberta Securities CommissionAlberta-Pacific Forest

Industries Inc.Alcohol and Gaming

Commission of OntarioAlcon Canada Inc.ALS Canada Ltd.Alterna Savings and Credit

Union LimitedAlterra Power Corp.AMAPCEOAMEC Americas LimitedAmgen Canada Inc.Amway Canada CorporationAndrew Peller LimitedArcelorMittal - Baffinland Iron

Mines CorporationArcelorMittal Canada

Contrecoeur-Ouest Inc.ArcelorMittal Canada

HamiltonArcelorMittal Canada LongeuilArcelorMittal Canada Saint-

PatrickArcelorMittal Dofasco Inc.ArcelorMittal Mines CanadaArcelorMittal Produits longs

CanadaArcelorMittal Tailored Blanks

AmericasArcelorMittal Tubular Products

- Automotive DivisionAREVA Resources Canada Inc.Arlanxeo Canada Inc.Arrow Transportation Systems

Inc.Artis REITAsahi Refining Canada, Ltd.Ashland Inc.Ashland Inc. - Performance

MaterialsAshland Inc. - ValvolineAssiniboine Credit UnionAssociation of Regina

REALTORS Inc.Association of Saskatchewan REALTORSAssomption, Compagnie

mutuelle d’assurance vieAssurisAstellas Pharma Canada Inc.AstraZeneca Canada Inc.ATB FinancialATCO Gas (Calgary)Atlantic CentralAtlantic Lottery CorporationAtlantic Pilotage AuthorityAutorité des Marchés

Financiers du QuébecAvis Budget Group, Inc.Aviva Canada Inc.B2B BankBank of CanadaBarrick Gold CorporationBarry Callebaut Canada Inc.BASF Canada Inc.Bayer Inc.Belden (Canada) Inc.Bell CanadaBelron Canada, Inc.Best Buy Canada Ltd.Bethany Care SocietyBigSteelBox CorporationBlount Canada Ltd.BlueShore FinancialBluewater Power Distribution

CorporationBMO Financial GroupBoardwalk Rental

CommunitiesBoehringer Ingelheim

(Canada) Ltd.Bonavista Energy CorporationBrandt Tractor Ltd.Brink’s Canada LimitedBristol-Myers Squibb Canada

Co.British Columbia Automobile

AssociationBritish Columbia Hydro and

Power AuthorityBritish Columbia Safety

AuthorityBritish Columbia Securities

CommissionBrookfield Office Properties

Inc.Brookfield Residential

PropertiesBruce Power L.P.

Buckman Laboratories of Canada Ltd.

Burlington Hydro Inc.Business Development Bank

of CanadaBWXT Canada Ltd.CAA QuébecCabot Canada Ltd.Cadillac Fairview Corporation

LimitedCAE Inc.Calgary Airport AuthorityCalgary Board of EducationCalgary Co-operative

Association LimitedCalgary Economic

DevelopmentCalgary Public LibraryCambridge Memorial HospitalCameco CorporationCampbell Company of

CanadaCanada Deposit Insurance

CorporationCanada Foundation for

InnovationCanada Goose Inc.Canada Lands Company CLC

LimitedCanada Mortgage and

Housing CorporationCanada Post CorporationCanadadrugs.comCanadelle Inc.Canadian Agency for Drugs

and Technologies in HealthCanadian Bankers AssociationCanadian Blood ServicesCanadian Cable Systems

Alliance (CCSA)Canadian Centre on

Substance AbuseCanadian Council of Christian

CharitiesCanadian Foodgrains BankCanadian Forest Products Ltd.Canadian Home Builders’

AssociationCanadian Institute for Health

InformationCanadian Life and Health

Insurance Association Inc.Canadian Medical AssociationCanadian National Railway

CompanyCanadian Pacific RailwayCanadian Paediatric SocietyCanadian Patient Safety

InstituteCanadian Western BankCanfor Pulp Limited

PartnershipCanlan Ice Sports Corp.Canpotex LimitedCanyon Technical Services

Ltd.Cape Breton UniversityCapgemini CanadaCapstone Mining Corp.Cargill LimitedCarlington Community &

Health ServicesCatalyst Paper CorporationCBC/Radio-CanadaCelero SolutionsCenovus EnergyCenterra Gold Inc.Central 1 Credit UnionCentre Street ChurchCervus Equipment

CorporationCGGVeritasCH2M HILL Canada LimitedChampion Petfoods LPChartered Professional

Accountants of CanadaCHEP Canada Inc.Chignecto-Central Regional

School BoardChristie Digital Systems

Canada Inc.Chubb EdwardsCIBCCIBC MellonCIMA+City of BrantfordCity of CalgaryCity of Corner BrookCity of Kawartha LakesCity of KelownaCity of KitchenerCity of MarkhamCity of MississaugaCity of NanaimoCity of North BattlefordCity of OttawaCity of ReginaCity of RichmondCity of Saint JohnCity of Swift CurrentCity of TorontoCity of VancouverCKF Inc.Clark BuildersCliffs Natural Resources Inc.CMC Electronics Inc.CNH IndustrialCoast Capital Savings Credit

UnionCoastal Community Credit

UnionCollège communautaire du

Nouveau-BrunswickColleges and Institutes

CanadaColumbia Basin TrustColumbia Power CorporationCombined Insurance

Company of AmericaConcentra Financial

All organizations (n=699)

7

Concordia UniversityConexus Credit UnionConnect First Credit UnionConnor, Clark & Lunn Financial

GroupConsilium Consulting

Group Inc.Co-operative Housing

Federation of CanadaCornerstone Credit UnionCosmetica Laboratories Inc.Council on Northern Interior

Forest Employment Relations

Country Ribbon Inc.Covenant HealthCPP Investment BoardCredential Financial Inc.Credit Union Central Alberta

LimitedCredit Union Central of

ManitobaCredit Union Deposit

Guarantee Corporation - Saskatchewan

CRH Canada Group Inc.Crossroads Credit UnionCrown Investments

CorporationCSA GroupCypress Regional Health

AuthorityCytec Canada Inc.Daishowa-Marubeni

International Ltd.Dalhousie UniversityDeposit Insurance Corporation

of OntarioDesire2Learn IncorporatedDestination CanadaDetour Gold CorporationDIALOG DesignD-Link Canada Inc.Dominion Diamond

Corporation - Ekati Diamond Mine

Domtar Inc.Dow Chemical Canada Inc.Downtown Vancouver

Business Improvement Association

Dragados Canada, Inc.DSM Nutritional Products

Canada Inc.Dyno Nobel Canada Inc.Eacom Timber CorporationEconomical Insurance

CompanyEden Valley Poultry Inc.Edmonton Catholic School

DistrictEdmonton Public LibraryElectricity Distributors

AssociationEli Lilly Canada Inc.

Emera Inc.Empire Life Investments Inc.Enbridge Inc.Energy+ Inc.Enerplus CorporationENGIE North AmericaEnWin Utilities Ltd.EPCOR Utilities Inc.Essar Steel Algoma Inc.Evonik Degussa Canada Inc.Evraz Inc. NAExhibition PlaceExport Development CanadaFaithLife FinancialFarm Credit CanadaFCB WorldWide, Inc.Federal Express Canada Ltd.Fédération des caisses

Desjardins du QuébecFederation of Canadian

MunicipalitiesFerrero Canada Limited

Commercial DivisionFestival Hydro Inc.Fidelity Investments Canada

ULCFinning (Canada)Finning International Inc.FIOSA-MIOSA Safety Alliance

of BCFirst Canadian Title Company

LimitedFirst Majestic Silver Corp.First Nations University of

CanadaFirst West Credit UnionFisher & Paykel Healthcare

Inc.Five Hills Regional Health

AuthorityFlowserve Canada Inc.Fluor Canada Ltd.FMC of Canada, Ltd.ForestersFortisAlberta Inc.FortisBC Energy Inc.FortisOntario Inc.Foster Park Brokers Inc.FPInnovationsFundserv Inc.Gamma-Dynacare Medical

LaboratoriesGap (Canada) Inc.Gaz MétroGCT CanadaGE CanadaGeneral Dynamics Land

Systems - CanadaGeneral Kinetics Engineering

CorporationGenome QuebecGerdau Long Steel North

AmericaGlaxoSmithKline Inc.Glazer’s Distributors

Glencore Canada Corporation - Copper

Glencore Canada Corporation - Nickel

Glencore Canada Corporation - Zinc

Golder Associates Ltd.Golf TownGordon Food Service British

ColumbiaGouvernement du Québec:

Secrétariat du Conseil du trésor

Government of AlbertaGovernment of Nova ScotiaGovernment of OntarioGovernment of the Northwest

TerritoriesGrand & ToyGreater Sudbury UtilitiesGreater Toronto Airports

AuthorityGreater Vancouver Regional

DistrictGreater Victoria Harbour

AuthorityGreat-West Life Assurance

CompanyGriffith Foods LimitedGuelph Hydro Electric

Systems Inc.Haldex LimitedHalifax Harbour BridgesHalifax International Airport

AuthorityHalifax Port AuthorityHalifax Regional MunicipalityHalifax Regional Water

CommissionHalton Hills Hydro Inc.Hamilton Port AuthorityHarvard Developments Inc.Health Quality CouncilHealth Sciences North

Research InstituteHealthCareCANHenry Schein CanadaHewitt Equipement LimitéeHilti (Canada) CorporationHoffmann-La Roche Ltd.Holt RenfrewHome OutfittersHome Trust CompanyHospital for Sick ChildrenHouse of CommonsHSBC Bank CanadaHudbay Minerals Inc.Hudson’s Bay CompanyHuntsman PolyurethaneHydro One BramptonHydro One Inc.Hydro Ottawa LimitediA Financial GroupICICI Bank CanadaIHS Energy (Canada) Limited

Independent Electricity System Operator

Indigo Books & Music Inc.Industries Lassonde inc.INEOS Canada PartnershipInformation Services

Corporation of Saskatchewan

Intact Financial CorporationIntegris Credit UnionInter Pipeline LtdInterior Savings Credit UnionInternational Development

Research CentreInternational Financial Data

Services (Canada)International Institute of

Business AnalysisInvestment Industry

Regulatory Organization of CanadaInvestors Group Inc.Iovate Health Sciences

International Inc.IpsosJ.D. Irving, Limited - Forestry

& Forest ProductsJanssen Inc.JTI-Macdonald Corp.K+S Potash CanadaKeewatin Yatthe Regional

Health AuthorityKellogg Canada Inc.Kelsey Trail Regional Health

AuthorityKGHM International Ltd.Kimberly-Clark CorporationKinder Morgan Canada Inc.Kinross Gold CorporationKitchener-Wilmot Hydro Inc.KPMG MSLPKraft Heinz CompanyKruger Inc.Kubota Canada Ltd.La CapitaleLa Coop fédéréLabatt Breweries of CanadaLantic Inc.Laricina Energy Ltd.Laurentian Bank of CanadaLawson Lundell LLPLCBOLe Vieux-Port de MontréalLeavitt MachineryLehigh Hanson Materials

LimitedLEO Pharma Inc.Lethbridge CollegeLifeLabsLinde Canada LimitedLoblaw Companies LimitedLocal Authorities Pension PlanLoewenLondon Hydro Inc.Lowe’s Companies Canada,

8

ULClululemon athletica Canada

inc.Luxottica GroupMacDonald, Dettwiler and

Associates Ltd.Mackenzie Financial

CorporationMagna International Inc.Mamawetan Churchill River

Regional Health AuthorityManitoba Blue CrossManitoba Telecom Services

Inc.Manulife FinancialMarine Atlantic Inc.Marine Harvest CanadaMaritime Electric CompanyMary Kay, Inc.MCAPMCC CanadaMcCormick Canada Co.McDonald’s Restaurants of

Canada LimitedMcElhanney Consulting

Services Ltd.McElhanney Land Surveys Ltd.McMaster UniversityMD Financial ManagementMemorial University of

NewfoundlandMeridian Credit UnionMethanex CorporationMetro Inc.MetrolinxMichelin North America

(Canada) Inc.Millar Western Forest

Products Ltd.Mitsubishi Canada LimitedMoen Inc.Molnlycke Health CareMoneris Solutions CorporationMonsanto Canada Inc.Montship Inc.Morneau Shepell Inc.Mountain Equipment Co-opNAL Resources Management

LimitedNational Bank Financial GroupNAVBLUE, an Airbus

CompanyNB Power Holding

CorporationNeovia Logistics ServicesNew Brunswick Community

CollegeNew Brunswick Liquor

CorporationNew Gold Inc.Newfoundland and Labrador

Credit UnionNewfoundland and Labrador

HydroNewfoundland Power Inc.North American Palladium

Ltd.North Atlantic Refining LP

North East School DivisionNorthern Alberta Institute of

Technology (NAIT)NOVA Chemicals CorporationNova Scotia Egg ProducersNovaCopper Inc.Novartis Pharmaceuticals

Canada Inc.Novo Nordisk CanadaNumerisOakville HydroOccidental Chemical

CorporationOffice of the Superintendent

of Financial InstitutionsOkanagan Nation AllianceOlympus NDT Canada Inc.OMERS Administration

CorporationOmicronOntario Lottery and Gaming

CorporationOntario Medical AssociationOntario Pension BoardOntario Power Generation Inc.OPSEU Pension TrustOpus Stewart WeirOrdre des infirmières et

infirmiers du QuébecOrillia Power Distribution

CorporationOshawa PUC Networks Inc.P & H MinePro ServicesPacific & Western Bank of

CanadaPacific Exploration &

ProductionPan American Silver

CorporationPanasonic Canada IncParamount Resources Ltd.Parmalat CanadaPCL Construction

Management Inc.Pelmorex Media Inc.Penske Truck LeasingPeoples TrustPepsiCo CanadaPeroxyChem CanadaPet Valu Canada Inc.Peterborough Utilities GroupPortland Investment Counsel

Inc.Potash Corporation of

Saskatchewan Inc.PPG Canada Inc.PPG Canada Inc. - Industrial

Coatings DivisionPPG Canada Inc. -

Performance Glazing Division

Prairie North Regional Health Authority

Pratt & Whitney Canada Corp.Praxair Canada Inc.President’s Choice BankPrince Albert Parkland

Regional Health Authority

Prince Rupert Port AuthorityPrinceton Holdings LimitedProcter & Gamble Inc.Produits American Biltrite

(Canada) ltéeProspera Credit UnionPublic Sector Pension

Investment BoardPUC Services Inc.Pulse Seismic Inc.Purdue PharmaPurolator Inc.Qtrade Financial GroupQueen’s UniversityRBCRBC Convention Centre

WinnipegReal Estate Council of AlbertaRed Deer CollegeRed River CollegeRegina Police ServiceRegina Public LibraryRegina Qu’Appelle Regional

Health AuthorityRegion of PeelRegional District of Central

OkanaganRegional District of NanaimoRepsol Oil & Gas Inc.Rio Tinto - AluminiumRio Tinto - Diavik Diamond

MinesRio Tinto - Fer et Titane Inc.Rio Tinto Iron OreRolls-Royce Canada Ltd.Rothmans, Benson & Hedges

Inc.Royal Canadian MintRussel Metals Inc.Safety Codes CouncilSafran Landing Systems

Canada IncSaint John EnergySaint John Police ForceSaint-Gobain Abrasives

Canada Inc.SAIT PolytechnicSamuel, Son & Co., LimitedSandoz Canada Inc.Sanofi Canada Inc.Saskatchewan Association of

Health OrganizationsSaskatchewan Blue CrossSaskatchewan Cancer AgencySaskatchewan Government

InsuranceSaskatchewan Indian Gaming

AuthoritySaskatchewan Transportation

CompanySaskatchewan Workers’

Compensation BoardSaskatoon Regional Health

AuthoritySaskCentralSaskEnergy IncorporatedSaskPowerSaskTel

Sasol CanadaSchneider ElectricScotiabankSeaspan ULCSEMAFO inc.Servus Credit Union Ltd.Sherritt International

CorporationSherritt MetalsSiegwerk Canada Inc.Siemens Canada LimitedSilver Standard Resources Inc.SkrettingSleep Country CanadaSMS Equipment Inc.SOCANSociété de transport de

MontréalSociété des alcools du

QuébecSodexo CanadaSofina Foods Inc.Softchoice CorporationSolar Turbines IncorporatedSonoco Canada CorporationSpectra EnergySpinrite LPSt. John’s Port AuthorityStandard MachineStandards Council of CanadaStaples CanadaStrathcona CountyStuart Olson Inc.Sultran Ltd.Sun Country Regional Health

AuthoritySun Life Financial CanadaSun Rich Fresh Foods Inc.Suncor Energy Inc.Sunrise Regional Health

AuthoritySuperior PropaneSupply Chain Management

Association AlbertaSyncrude Canada Ltd.Synergy Credit UnionTafisa CanadaTalisman CentreTangerine BankTarget Marketing &

Communications Inc.Tarion Warranty CorporationTD Bank GroupTeck Resources LimitedTeck Resources Limited -

Highland Valley CopperTeck Resources Limited - Trail

OperationTeekay CorporationTeknion CorporationTELUS Communications

CompanyTELUS Communications Inc.Tembec Inc.Teradici CorporationTerrapure EnvironmentalTeva Canada LimitedThales Canada Inc.

9

The Agency for Co-operative Housing

The Beer StoreThe Brick Warehouse LPThe Calgary StampedeThe Canadian Institute of

Mining, Metallurgy and Petroleum

The Conference Board of Canada

The Dun & Bradstreet Companies of Canada ULC

The Equitable Life Insurance Company of Canada

The Federal Bridge Corporation Limited

The Home Depot CanadaThe Hotel SaskatchewanThe McElhanney Group Ltd.The Mearie GroupThe Mosaic CompanyThe Ontario Financing

AuthorityThe Refinery Leadership

Partners Inc.The Shaw Group LimitedThe Society of Energy

ProfessionalsThe United Church of CanadaThe Wawanesa Mutual

Insurance CompanyThompson Creek Metals

CompanyThunder Bay Hydro Electricity

Distribution Inc.Thunder Bay Port AuthorityTimberWest Forest Corp.TMX Group LimitedTolko Industries Ltd.Torex Gold Resources Inc.Toronto Hydro-Electric

System LimitedToronto Transit CommissionTorys LLPTotal E&P CanadaTourism VictoriaTown of LadysmithTown of OromoctoTown of Parry SoundToyota Canada Inc.TransAlta CorporationTransat A.T. Inc.Transocean Inc.Travel AlbertaTreasury Board of Canada

SecretariatTVOntarioUbisoftUmicore Canada Inc.uniPHARM Wholesale Drugs

Ltd.United Way of the Alberta

Capital RegionUniversité d’OttawaUniversities CanadaUniversity of AlbertaUniversity of CalgaryUniversity of New Brunswick

University of ReginaUniversity of SaskatchewanUniversity of WaterlooUranium One Inc.Utilities KingstonVale Canada LimitedValero Energy Inc.Vancouver Aquarium Marine

Science CentreVancouver Fraser Port

AuthorityVantageOne Credit UnionVeridian CorporationVermilion Energy Inc.VIA Rail Canada Inc.Ville de MontréalViterra Inc.Votorantim Cement North

AmericaWal-Mart Canada Corp.Walter Surface Technologies

inc.Warner IndustriesWater Security Agency of

SaskatchewanWaterfront TorontoWaterloo North Hydro Inc.WD-40 Products Canada Ltd.Welland Hydro-Electric

System Corp.Wells Fargo Financial

Corporation CanadaWelltec Canada Inc.Wescast Industries Inc.Westario Power Inc.Western Canada Lottery

CorporationWestern Canadian District,

Christian & Missionary Alliance

Western Concord Manufacturing

Western Financial Group Inc.WestJetWestminster Savings Credit

UnionWestmoreland Coal Company

- CanadaWeyburn Credit UnionWinners Merchants

International L.P.Winnipeg Regional Health

AuthorityWood’s HomesWorkers’ Compensation

Board - AlbertaWorld Vision CanadaYamana Gold Inc.Yukon Energy CorporationZurich Canada

©2016. All Rights Reserved.

About Korn FerryKorn Ferry is the preeminent global people and organizational advisory firm. We help leaders, organizations, and societies succeed by releasing the full power and potential of people. Our nearly 7,000 colleagues deliver services through our Executive Search, Hay Group, and Futurestep divisions. Visit kornferry.com for more information.