Sign up for our newsletter and get a curated list of the top trending stories and exclusive rewards every day.

Trending Topics

Get the MTL Blog app

Download on the App StoreGet it on Google Play
Study Shows Millennials In Canada Are Super Unhappy With Their Salaries And Want To Demand A Raise

Ah, millennials. We ruin everything, don't we? From steakhouses to the automobile industry, our path of destruction knows no bounds. You know, maybe we ruin everything because we're paid like garbage. 

According to a 2019 survey conducted by Indeed53% of Canadian workers will be asking for a raise this year due to an all-time low in salary satisfaction. The survey, conducted in January and sent to 1,000 randomly selected Canadian workers indicates that only 13% of Canadians are satisfied with their current salary. 

Is this really such a shock, though? 

READ MORE: Montreal Ranked #3 Best City In Canada For Public Transit, Toronto Somehow Ranked #1

TL;DR  Canadian millennials are super dissatisfied with their salaries with close to 60% of them planning to ask for a raise in 2019. With the cost of living rising in every major city and with the job market on a historic uptick, Canadians are right to demand more from their employers. 

The report claims that 56% of millennials in Canada will ask for a raise at some point in 2019. Furthermore, nine out of ten people responded that they want to earn more on average. This is reasonable because 14% of millennial workers haven't seen a pay raise in over two years. 

With an apparent booming job market, Canadian workers are demanding more from their employers and the first step to that is better pay. According to the survey, trends indicate that the overall salary will increase by 2.8% in 2019 which is way lower than the 6% increase that Canadians are expecting. 

@evablueembedded via  

Overall, millennials earn way less than their boomer counterparts due to experience, stagnation, and of course, that ever-present student debt. Not only that, but we're often faced with higher interest rates on things like car insurance and credit cards, further increasing our debt. 

Unfortunately for gender parity, men are more likely to ask their employer for a raise while women tend to be a lot more conservative when it comes to salary expectations. This could be a symptom of a bigger problem in the job market, of course, but data shows that this is true for the average Canadian. 

Interestingly enough, many employers will still outright refuse to give their employees a raise despite a booming job market, citing things like budget concerns and lack of experience. 

If you're planning to ask your employer for a raise, make sure to be informed of salary trends in your industry and approach the situation in a calm, steady manner. It would also help if you outline what your employer can expect of you and be committed to your company, should you do ask for a raise. 

Check out the full report here!

If you are planning on asking your employer for a raise, feel free to message me about your experiences in the Canadian job market, I'd love to hear your stories! 

Source

More from MTL Blog

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.

Loading...