Thursday, 19 September 2024
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BusinessCanada

Canadian Companies Boost Hiring Plans Amid Talent Shortage

  • 52% of Canadian firms plan to add new permanent positions in the second half of 2024.
  • Major hiring drivers include company growth and project-based work.
  • Managers face challenges in finding skilled talent, with 90% reporting difficulties.

The latest State of Canadian Hiring Survey by Robert Half reveals a strong outlook for hiring in the second half of 2024, with over half of companies planning to increase their permanent workforce. This growth is primarily driven by company expansion and ongoing project needs.

Despite the positive hiring trends, the survey highlights significant challenges in recruiting skilled professionals.

Canadian Hiring Surge: Flexibility Key to Overcoming Talent Shortages

The Robert Half survey indicates that a substantial 52% of Canadian companies plan to bolster their workforce with new permanent positions in the latter half of 2024. Growth in business operations and the need to address project demands are major factors driving these hiring plans. Companies are also preparing to fill vacated roles and increase the number of contract professionals.

Hiring managers, however, are grappling with a competitive talent landscape. The survey finds that 90% of managers are struggling to find skilled professionals, with many expecting extended hiring times compared to earlier in the year. Key challenges include a shortage of candidates with the right skill sets and alignment with company culture.

To address these challenges, companies are adopting flexible hiring strategies. They are offering hybrid work options and adjusting expectations on years of experience to attract the right candidates. This flexibility is seen as a crucial factor in securing top talent in a tight labor market.

The ongoing hiring challenges underscore the importance of strategic hiring approaches. Employers who adapt to changing market conditions and offer attractive work arrangements are better positioned to meet their staffing needs and maintain business growth.

“Employers have crucial roles that need filling, and need to ensure they have strategic hiring strategies in place to attract talent and keep projects on track,” said Koula Vasilopoulos,

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