General labour costs are the most competitive in Canada and the United States – 33% lower than the United States, 8% lower than the rest of Canada – 21% lower than the G7 average.
KPMG’s 2016 Competitive Alternatives study shows Fredericton, Moncton and Saint John, New Brunswick, as extremely competitive with regards to labour costs, which includes wages and employee benefits.
|COMPETITIVE ALTERNATIVES 2016
Industry: Overal Result: Operation: Average of services and manufacturing sectors. 10-Year Average Annual Labour Costs
Payroll mandated benefits in New Brunswick:
- 48% lower than the United States
- 37% lower than the G7 countries
- 12% lower than the Canadian average
Average job tenure is more than 9.3 years in New Brunswick, the highest in Canada and double the average in the United States, resulting in significant cost savings.