Canadian Companies Optimistic about Hiring, But Budget Constraints Still Limiting Many
2024年7月24日 - 10:00PM
Nearly three-quarters of Canadian companies (74%) are optimistic
about their hiring outlook for the remainder of 2024, but budget
constraints are hindering some from expanding their workforce,
according to a new Express Employment Professionals-Harris Poll
survey.
Most Canadian companies (74%) have a positive outlook for their
company’s hiring opportunities for the remainder of the year,
reporting feelings of optimism (38%), confidence (33%) and
hopefulness (32%).
Accordingly, half of Canadian companies (49%) plan to increase
the number of employees at their company in the second half of 2024
– on par with previous survey results.
New business opportunities remain a strong driver for workforce
expansion, as companies report dealing with increased volumes of
work (56%), fulfilling newly created positions (44%), and handling
expansion into other categories or markets (25%) as key reasons for
needing new hires. Other reasons reported included needing to fill
open positions due to employee turnover (38%) and acquiring
workforce expertise in new areas (26%).
Budget Constraints Hampering Employment for Some
Companies
However, two in five companies (41%) plan to keep their employee
count the same in the second half of 2024, and a few (8%) are
planning to reduce their workforce, also on par with previous waves
of the survey.
Financial constraints appear to be impeding company growth for
many, as a large majority (73%) of Canadian hiring decision-makers
whose company are planning a workforce reduction point to the need
to reduce costs as the reason.
Additionally, around 3 in 10 companies (28%) who are either not
planning hiring or planning to decrease the number of employees say
they do not have enough room in the budget this year and cannot
afford to hire right now. Other reasons why some companies are
reducing their workforce include a decline in demand (22%) and the
company being restructured (21%).
“It’s encouraging to see so many companies optimistic about
their hiring plans for the remainder of the year,” said Bill
Stoller, Express Employment International CEO. “With labour demands
shifting from traditional roles, job seekers should research
in-demand careers and begin the credentialing process now to stand
out from the competition. It’s evident employers are looking to do
more than just fill positions; they are looking for the right
fit.”
Survey MethodologyThe Job Insights survey was
conducted online within Canada by The Harris Poll on behalf of
Express Employment Professionals between May 16 – June 3, 2024,
among 504 Canadian hiring decision-makers.
For full survey methodologies, please contact Ana Curic at
Ana@MapleLeafStrategies.com.
If you would like to arrange for an interview to discuss this
topic, please contact Ana Curic at (613) 858-2622 or email
Ana@MapleLeafStrategies.com.
About Bill StollerWilliam H. "Bill" Stoller is
chairman and chief executive officer of Express Employment
International. Founded in Oklahoma City, Oklahoma, the
international staffing franchisor supports the Express Employment
Professionals franchise and related brands. The Express franchise
brand is an industry-leading, international staffing company with
franchise locations in the U.S., Canada, South Africa, Australia
and New Zealand.About Express Employment
ProfessionalsAt Express Employment Professionals, we’re in
the business of people. From job seekers to client companies,
Express helps people thrive and businesses grow. Our international
network of franchises offers localized staffing solutions to the
communities they serve across the U.S., Canada, South Africa,
Australia and New Zealand, employing 492,000 people globally in
2023 and more than 11 million since its inception. For more
information, visit ExpressPros.com/CA.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f5de0c3f-680d-455e-a724-5529a4fcb1db