Submission Deadline: Extended until Dec. 5, 2024
Survey Release Date: Dec. 10, 2024
VIATEC'S COMPENSATION STUDY IS BACK FOR 2024 - 2025!
VIATEC has teamed up with BenchMarket for the 2nd time to offer tech data that will shed light on compensation, recruitment and retention policies in the Greater Victoria Region and across the country. Access to the data will allow returning and first-time VIATEC participants to compare current policies and salary benchmarks in British Columbia and Ontario.
Simply put, we can't afford to lose out on skilled talent due to a lack of data.
Receive the latest compensation trends in tech skills! Below are highlights from our Spring 2024 wrap-up:
- There is scrutiny on headcount with a focus on payroll and benefit costs.
- Overall decrease in employee turnover – staff stability in organizations.
- Organizations using geographic differentials for setting employee compensation are trending down from 59% to 45% from 2022 to 2024.
- The overall salary increase budgets are trending down from a high of 5.4% in 2022. Below are trends in key job families from January 1, 2022, to January 1, 2024.
How to participate:
All VIATEC Technology members will be able to purchase the salary data for a cost of $400 by signing up at VIATEC Member Benefit. Please note that participation in both the Salary Submission & HR Programs questionnaire will be required to receive the results.
What you will receive:
Comprehensive salary survey report focused on the Tech Sector and organizations with reliance upon IT skills. Includes over 100 job families, from entry level to executive positions. Where possible data is segmented by geographic region (Greater Ottawa, Kitchener Waterloo, Greater Toronto, Western Canada, Vancouver and Victoria Region) First survey release date is Dec. 10, 2024. You will receive a 2nd. survey on May 31, 2025 with more up to date information on current conditions.
Want to know more:
Reach out to help@benchmarket.ca to speak to our data analyst. A virtual Debrief session will be held on Dec. 12th @ 11:30 am
*Great data requires openness and sharing from all organizations, participation is required to receive the survey data.
**Unlike other salary survey offerings, BenchMarket’s TechEdge survey is exclusively designed for tech companies. In order to maintain data privacy and ensure relevance to the tech community, the following VIATEC membership types have access to purchase and participate: Tech Org, Tech Startup, Tech Up Island, Sustaining Patron and Community Builder.
FAQ
How much am I saving with the VIATEC member deal?
Not only do our members save between $200 and $3,400 on salary reports (compared to traditional BenchMarket pricing), but they also gain access to our comprehensive HR programs, salary increase, and student programs reports. And we'll customize the salary reports to meet their specific regional needs
Our technology company isn’t a VIATEC member, how do we participate?
Joining VIATEC as a technology company member is quick, and gives you access to job posting discounts, event discounts, industry roundtables, mentoring & connections, and much more. Learn more about a VIATEC technology company membership and join us here.
As a non-profit with a mission of creating the most cohesive tech community in the world, we are committed to ensuring this initiative is open to all Greater Victoria tech companies to participate in order to generate excellent data. While our special pricing agreement with BenchMarket is only available to VIATEC members, non-members are able to participate in this initiative here.
Once we register, how do we submit our data and receive the reports?
Upon registration, you will receive access instructions from the BenchMarket team on how to submit your data. Ensure to check your spam folder if you have not received the email instructions.
What if our team is really busy and isn't sure if we'll have time to participate?
The BenchMarket team is able to work with participants on an individual basis and help prep submissions to make the process as easy as possible. If you cannot submit your data by the submission deadline of Nov. 29, 2024 you will receive the next survey on May 31, 2025
Where can we get extra information?
If you are a VIATEC member, log into the Info Hub and visit the "Resources" tab where you'll find a folder containing a past video walkthrough, presentation deck, and other aides to help with your submission. If you aren't a VIATEC member, or have additional questions, please reach out to Scott Sewell, scott@benchmarket.ca