Canada's 2020 Employment Outlook Shows Mixed Results in National Survey
Company Added
Company Removed
Apply to Request List

Canada's 2020 Employment Outlook Shows Mixed Results in National Survey

Canada's 2020 Employment Outlook Shows Mixed Results in National Survey

In December, Express Employment Professionals surveyed 585 business owners, decision-makers, and human resource professionals about the overall national hiring trends in Canada and how those trends are affecting their business models.

Respondents were asked, "How easy is it for you to recruit and fill open positions?" More than 3 in 4 (78%) said they found it difficult. Included in that number were 28% who found it very difficult.

While 46% said they did not foresee the country entering into a recession in the next 2 years, there was still some concern:

  • 1% expected a recession within 3 months
  • 3% expected a recession within 3 to 6 months
  • 12% expected a recession in 6 months to 1 year
  • 18% expected a recession in 1 to 2 years
  • 20% expected a recession in 2 years

"Not long ago, the conventional wisdom said that 2020 would be the Year of the Recession. But from all indicators, it looks like 2020 could turn out to be a year of stability, if not strong growth," said Bill Stoller, CEO of Express Employment Professionals. However, he added, "As in any economy, surprises are always possible."

At the end of 2019, Canada's unemployment rate had increased slightly to 5.9 %.

When it came to wages, nearly half (45%) said wages will increase at their companies over the next six months; 54% said they will stay the same. Nineteen percent expect benefit increases this year.

Respondents were generally optimistic about their prospects for 2020. However, as noted, there was some concern. Bradley Jenkins, an Express Employment franchisee in Cambridge, Ontario, said that the type of position dictated whether it would be difficult to fill. "Administrative and customer service roles can be filled quickly and effectively, while manual labor, skilled trades, and even semi-skilled trades remain challenging," he said.

The 2020 employment picture for the country's western provinces appeared more dire than for the rest of the country. "Western Canada, especially Manitoba, Saskatchewan, and Alberta, is concerned about the current economic situation, with oil, mining, and agriculture all facing pressures domestically and from foreign players," said Hanif Hemani, Express's managing director for Saskatoon, Saskatchewan's largest city.

Express Employment Professionals has more than 800 franchises in the U.S., Canada, and South Africa.

Published: January 7th, 2020

Share this Feature

Blink Fitness
SPONSORED CONTENT
Blink Fitness
SPONSORED CONTENT
Blink Fitness
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
PuroClean
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

The Joint Corp.
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
APR 6-9TH, 2021

Featured Opportunities

Koala Insulation
Koala Insulation provides franchise opportunities because we have a successful business model & know what works! Learn more about becoming part...
Biscuit Belly
Meet the brunch franchise that's the best thing to happen to breakfast since the frying pan.
ATAX
ATAX is a full-service national tax preparation and business services franchise. Take your first step toward owning a piece of the American Dream!
Liberty Tax Service
Liberty Tax is the 3rd largest tax preparation franchise in the United States. We are a group of unique entrepreneurs with the same goals: to own and...
Ori'Zaba's Scratch Mexican Grill
Proven, Successful, Desired: Your Lucrative Franchise Option.

Subscribe to Our Newsletters