Inflation could impact employees in 2012

For the second quarter in a row, human resources professionals expect it will be hard to adjust compensation to inflation. This is the main finding of the fourth 2011 Flash-Emploi CRHA newsletter released by the Ordre des conseillers en ressources humaines agréés. This quarterly survey, conducted in collaboration with Analysis Group, economic, financial and strategy consultants, reflects how HR professionals expect the Quebec job market to develop in the near future.

Of the 455 validated respondents, 43% expect pay increases to be less than Quebec’s inflation rate (3.3% at the time of the survey), versus 5.7% who disagree, creating a net difference of  -37.4 %. Last quarter, this figure was -24.4%, which constitutes a decrease of 13.0 percentage points (% pts.). “After several years of stable and fairly low inflation, organizations are going to have to keep a close watch on how it develops in the coming months and adapt accordingly, in respect of both their employees and their acquisitions,” commented Florent Francoeur, CHRP, Ordre president and CEO.

Hiring expectations remain positive on the whole. For this last quarter of 2011, the net difference between hiring expectations amounts to +30.5% or 6.7 percentage points less than the previous quarter (+37.2%). To counterbalance this slight decrease, the net percentage of professionals expecting an increase in hours worked equals +21.9% (compared to +5.9% in the third quarter).

However some organizations have problems with hiring and hours worked, particularly in the manufacturing sector where the net differences are respectively 0% and -2%. The situation is less encouraging in the regions where net hiring expectations are negative (-6%).

Furthermore, recruitment efforts remain significant, as indicated by a net difference of 57.6%. Now that students have gone back to the classroom, these problems will be shared by all economic sectors and tend to increase with the organization’s size.

Click here for the detailed report. (In French only)

For an interview with Florent Francoeur, please contact Caroline Soulas.


The indices presented in this quarterly newsletter are based on responses to a survey conducted from October 3 to 12, 2011 among a random sample of members of the Ordre des conseillers en ressources humaines agréés (CRHA). In all, 455 validated respondents participated in this survey, representing a margin of error of 4.5%, 19 times out of 20. In the case of organizations with a number of Ordre members, only the response of the main HR manager was retained. The responses were weighted according to the size of the organization and were not seasonally adjusted. The total percentages may not always equal 100% due to rounding of values. The survey methodology and its analysis were developed and carried out by Analysis Group, economic, financial and strategy consultants (

About the Ordre

With close to 8,500 members, the Ordre des conseillers en ressources humaines agréés is the fifth largest association of its kind in the world. It is the only organization in Quebec mandated to award human resources professionals a title certifying their competency.

The Ordre is a leader in employee management practices. Committed to innovation, it supports the ongoing development of human resources professionals (CHRPs) and industrial relations counsellors (CIRCs), thus helping to maintain a healthy balance between employee well-being and organizational success. It is vigilant in ensuring that this multifaceted function promotes leading-edge solutions that address the major issues impacting the workforce.

Through its actions in the public arena, the Ordre contributes to the advancement and reputation of the profession and plays a key influential role in the world of work in Quebec.