Employer hiring to increase by almost 50% in Q4. HUMANRESOURCES.VISION

Employer hiring to increase by almost 50% in Q4.

When this year comes to a conclusion, many firms will still be hiring new employees.

In the last quarter of the year, 45% of Canadian firms plan to hire more people, which is higher than the 39% of employers that anticipate no change in their present employment numbers.

This contrasts with comparable percentages of 47% and 11% in June and 49% and 13% in March 2022.

Far fewer (13%) or (3%), respectively, are doubtful about their hiring intentions for the fourth quarter.

The country manager of ManpowerGroup Canada, Darlene Minatel, claims that “Canadians continue to have a stable period of the strong job opportunity.”

According to survey results, companies and job seekers are adapting to the altered work dynamics brought on by the pandemic’s disruption of the workplace.

These results are in line with a study that found that 50% of Canadian companies say they need additional workers but are unable to fill open positions.

In the final half of 2022, 46% of American firms want to add talent to their present pool. This finding comes from another survey.

industries and geographic areas

The ManpowerGroup Employment Outlook Survey, which polled more than 1,000 companies across Canada, found that employers across all industrial sectors anticipate hiring in the fourth quarter of the year.

The following industries are where this is strongest:

  • Earliest production (57%)
  • Trading in both wholesale and retail (39%)
  • IT, telecoms, media, communications, and other related fields (37%)
  • Additional services (35%)
  • Financial services, real estate, and insurance (30%)

Additionally, the following places have promising job prospects:

  • Canadian West (45%)
  • Canada’s east coast (36%)
  • In the prairie (36%)

Employers nationwide predict a growth of 30% for the fourth quarter of 2022.

According to WorkJam, a digital frontline workplace, supply chain problems (9%) are not as operationally challenging for global businesses as labor shortages (48%) and employee turnover (31%).

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