SECTION 3
DETERMINING 2002 TO 2003
SALARY ADJUSTMENT

The market varies from year to year. After identifying your market salary for 2002 (Section 2), you should then examine the current market pressures on salaries.

1. INFLATION FACTOR

The inflation factor adds an amount (usually expressed in percent) to allow for the percentage increase in the Consumer Price Index (a restoration of the value of the dollar concept). National CPI increases as well as those for Alberta, Edmonton and Calgary are supplied below.

Figure 10 - Consumer Price Increase Index (1992=100) Year-Over-Year Percent Change
Productivity Factor (Increase in Gross Domestic Product)
Demand Factor
Figure 11 - Employer Salary Surveys Percent Change in Mean Salaries By Level of Responsibility