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74% professionals are looking to move roles
A significant trend is emerging in the Canadian job market: 74% of professionals are actively seeking new job opportunities, despite nearly half (49%) expecting a pay rise in the upcoming year.
This trend, discovered in our 2025 Robert Walters Salary Survey, highlights a growing dissatisfaction among employees and is particularly surprising given that only 35% of professionals feel confident about job opportunities within their sector.
Drivers of job mobility
The primary reasons for this job search include a lack of advancement opportunities (33%), poor work-life balance (30%), and inadequate workplace benefits and perks (23%). Notably, 70% of professionals expressed dissatisfaction with their current benefits plan.
In addition to this, while inflation rates have decreased to 1.6%, the modest pay rises expected are insufficient to significantly improve financial stability for many employees.
Professionals are seeking not only higher salaries but also comprehensive compensation packages with robust benefits. The job market is evolving, and employers need to adapt to these changes to stay competitive.
Financial incentives of job-hopping
Our survey also indicates that professionals who switch companies can achieve substantial salary increases. For instance, senior HR professionals saw an average salary increase of 23% when moving to new companies. Similarly, financial services candidates secured a 20% increase, and legal, risk, and compliance professionals experienced a 17% rise.
This trend underscores the financial benefits of job-hopping, which is becoming increasingly common as professionals leverage the competitive job market to negotiate better compensation packages.
Importance of employee benefits
The Robert Walters Employee Benefits Report highlights that many professionals prioritize benefits such as private health insurance, flexible working options, and extended holidays. Employers are investing heavily in these areas to retain talent, with some spending up to 30% of an employee’s total salary on benefits.
However, there is often a gap between the benefits employees receive and what they actually want. Additionally, a lack of clear communication about these benefits can lead to underutilization and dissatisfaction.
Employers must recognize that the landscape has changed. It’s not just about the paycheck anymore. Employees are looking for a holistic package that supports their overall well-being and career growth.
Strategic recommendations for employers
To attract and retain top talent in this competitive market, the following strategies are recommended:
- Enhance benefits packages: Offering comprehensive benefits can significantly improve employee satisfaction and retention. Benefits such as private health insurance, mental health support, flexible working options, and extended holidays are highly valued by employees.
- Promote work-life balance: Implementing flexible working arrangements, such as hybrid or remote work options, can help maintain a healthy work-life balance. This is particularly important as many professionals are resistant to returning to full-time office work.
- Competitive compensation: While benefits are crucial, competitive salaries remain a key factor. Employers should benchmark salaries to ensure their offerings are in line with or exceed market standards.
- Career development opportunities: Providing opportunities for professional growth and development can enhance job satisfaction. This includes offering mentorship programs, training, and clear career progression paths.
- Promote a positive workplace culture: A supportive and inclusive workplace culture can significantly impact employee retention. Employers should focus on creating an environment where employees feel valued and engaged.
The landscape has changed. It’s not just about the paycheck anymore. Employees are looking for a holistic package that supports their overall well-being and career growth. To stay competitive, employers need to offer more than just financial incentives. A well-rounded approach that includes strong benefits, career development, and a positive work environment is essential.
For more insights, download a copy of the 2025 Robert Walters Salary Survey Guide.
