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:
-- 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
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
SOURCE: Hays Canada
To view this news release in HTML formatting, please use the following URL:
CO: Hays Canada
-0- Jan/02/2013 13:45 GMT
Press spacebar to pause and continue. Press esc to stop.