SALARY SURVEY
Engineering – All Industry Annual Base Salary by Responsibility Level
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
A-
A
B
C
D
E
F
F+
Responsibility Level
Responsibility Level
experiencing, due the decrease in oil prices, has resulted in what is expected to be a deeper and longer downturn than previously projected, the Province of Alberta explains in its 2016-2019 Fiscal Plan — Economic Outlook . Weakness in the energy sector is feeding through the economy, causing activ- ity to slow in many other sectors, including construction and manufacturing. Business investment is expected to decline again this year, and as companies reduce costs, the
labour market is expected to shrink further. The July 2016 unemployment rate was 8.6 per cent in Alberta. The Fiscal Plan — Economic Outlook men- tions several factors that remain supportive of economic growth in the province. They are: • Oil sands production will continue to expand in the near term, supporting exports • The U.S. economy and weaker Canadian dollar will benefit export-focused industries
For engineers (ranging from A- to F+), a review of average base salary and total compensation shows that most values have decreased for base salary, with the exception of levels C and E, while total compensation values decreased for all levels. For geoscientists, with the exception of level A-, base salaries and total compensa- tion values have decreased across all re- sponsibility levels (ranging from A to F+). The shock the Alberta economy is
FALL 2016 PEG | 39
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