UNSTEADY HIRING CLIMATE ANTICIPATED FOR TORONTO

September 12, 2019
Comments off
14 Views

According to the latest ManpowerGroup Employment Outlook Survey, Toronto area employers expect an unsteady hiring climate for the fourth quarter of 2019.

 

“Survey data reveals that 11% of employers plan to hire for the upcoming quarter, while 6% anticipate cutbacks,” stated Neal Kearney of Manpower’s Toronto Metro office. “Another 81% of employers plan to maintain their current staffing levels in the upcoming quarter. The remaining 2% of employers are unsure of their hiring intentions.”

 

With seasonal variations removed from the data, Toronto’s fourth quarter Net Employment Outlook of +5% is a nine percentage point decrease when compared to the previous quarterly Outlook,” said Kearney. “It is also a seven percentage point decrease from the Outlook reported during the same time last year, indicating a subdued hiring pace for the upcoming months.”

 

“As 2019 ends, the market for Canadian job seekers is a bit of a mixed bag. While unemployment figures were at record lows over the summer, the hiring outlook seems to be weakening in some sectors. Companies want to remain competitive and maintain their employee levels as they go into the new year. At the same time, there is a real struggle to find and retain qualified talent,” said Darlene Minatel, Country Manager for ManpowerGroup Canada. “On the positive side, Quebec is boasting their strongest hiring pace since we added the regional analysis to the survey 16 years ago. With provincial finances under control and a strong tech scene centered around four universities, the province is making up for lost time and creating more jobs.”
UNSTEADY HIRING CLIMATE ANTICIPATED FOR TORONTO
Source: HR.com Articles

Comments are closed.