Majority of Canadian companies expect business activity to increase in 2013, Hays survey finds

Majority of Canadian companies expect business activity to increase in 2013, 
Hays survey finds 
Persistent skills and candidate shortages will remain an ongoing challenge 
across all sectors 
TORONTO, Jan. 2, 2013 /CNW/ - Corporate Canada has found itself in the 
challenging position of being unable to find candidates with key skills, just 
as it predicts continued increases in business activity for 2013. This is a 
key conclusion in a new report from Hays Canada which collected data from more 
than 3,000 Canadian companies in November 2012. The data shapes insights into 
projected hiring challenges/trends, business optimism, salary levels, and 
benefit packages that are found in Hays Canada's 2013 Compensation, Benefits, 
Recruitment and Retention Guide. 
"In 2012, as the economy began to recover, many companies significantly ramped 
up recruitment to refill roles that were lost during the recession. Hays 
expects hiring practices in 2013 to be largely strategic in nature where 
professionals with key skill sets will cost a premium," said Rowan O'Grady, 
President Hays Canada. "Increased efficiencies and improved productivity is 
the goal of companies today and individuals who can help make that happen in 
organizations are in high demand." 
According to the survey, 62 per cent of Canadian companies expect business 
activity to increase in 2013. At the same time talent mismatch will persist 78 
per cent will experience moderate to extreme challenges recruiting top talent. 
HAYS CANADA'S RECOMMENDATIONS ON TACKLING TALENT SHORTAGES 
In today's war for talent, Hays believes companies must do more to immediately 
improve their ability to recruit the best and the brightest and should focus 
on attraction, screening and staff retention as a means of becoming more 
competitive. Over 50 percent of employers reported career progression as the 
biggest influencing factor on attracting top talent. Investing more in 
existing staff can help define clear career goals for employees, while 
addressing skills shortfalls. 
In the long term, some of the pressure can be reduced if companies take a more 
aggressive position on sponsoring qualified overseas candidates. In 2012 only 
19 per cent of employers did so despite acute skills and candidate shortages. 
In 2013 the majority of Canadian companies (58 per cent) will not, or are 
undecided about sponsoring overseas candidates. Almost half (45 per cent) of 
all Canadian companies cite a burdensome, lengthy immigration process as the 
biggest barrier. However, the Conservative government's proposed changes to 
make the immigration system faster, flexible and to give employers a greater 
role in selecting new Canadians, may encourage more overseas hiring. 
HAYS CANADA'S SURVEY OF CANADIAN COMPANIES - HIGHLIGHTS: 
Economy: 


    --  34 per cent believe the economy will strengthen in the next six
        to 12 months, and 55 per cent believe it will remain static.
    --  62 per cent expect business activity to increase in 2013

Staffing and salaries:
    --  35 per cent expect permanent staff levels to increase in 2013,
        53 per cent expect permanent staff levels to remain the same


--  Expected salary increases at Canadian companies:
  o 48 per cent will increase salaries by less than three per cent
  o 37 per cent will increase salaries between three and six per cent
  o Five per cent will increase salaries between three and six per cent
  o Two per cent will increase salaries by more than 10 per cent 
Most prevalent benefits being offered by Canadian companies 


    --  Extended health benefits
    --  Individual performance-related bonuses
    --  Training and/or certification support
    --  Pension/RRSP contribution/matching
    --  More than 10 days vacation for new hires
    --  Flexible work hours

Hays is an international recruitment consultancy with a strong Canadian 
presence with offices in Vancouver, Calgary, Toronto, Mississauga and Ottawa. 
Hays has more than 150 specialized consultants offering a broad range of 
corporate recruiting expertise, with particular specializations in serving the 
Information Technology, finance and accounting, and construction and property 
sectors.

The 2013 Hays Compensation, Benefits, Recruitment and Retention Guide is Hays' 
sixth edition of this annual report. Parties interested in requesting a free 
copy should visit www.hays.ca for more information.

About Hays Canada:
Hays Specialist Recruitment Canada is a wholly owned subsidiary of Hays plc, 
which has been at the forefront of the global recruitment industry for over 
thirty-five years. With annual revenues of over £2.1 billion, Hays Specialist 
Recruitment is the largest specialist recruitment consultancy in the world.

Kieran Lawler Media Profile Direct: 416-342-1823 Cell: 416-303-0799 
Kieran.lawler@mediaprofile.com

SOURCE: Hays Canada

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CO: Hays Canada
ST: Ontario
NI: ECOSURV 

-0- Jan/02/2013 13:45 GMT


 
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