Forecast: Wages and Salaries in Security and Investigation Activities; Services to Buildings and Landscape Activities; Office Administrative, Office Support and Other Business Support Activities in Canada

In 2023, the value of wages and salaries in the sectors of Security and Investigation Activities, Services to Buildings and Landscape Activities, Office Administrative, Office Support, and Other Business Support Activities in Canada was 25.05 billion CAD. Forecasts from 2024 to 2028 show a steady growth, with values increasing annually by approximately 1.8% to 1.6%, resulting in a compound annual growth rate (CAGR) of 1.6% over five years. This upward trend reflects a moderate but consistent enhancement in wage and salary allocations in these sectors.

Future trends to watch include:

• The impact of inflation and cost of living adjustments on salary growth.
• Technological advancements in office administration and security potentially influencing wage structures.
• Regulatory changes in labor laws affecting pay scales in business support activities.