Comparison Tool

Comparison Tool

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Overall score

Score by Indicator

5.3
in 2016 5.4
0 2.5 5 7.5 10

Key drivers

Talent mismatch

The long term unemployment rate has declined slightly, meaning there is better matching of available skills and employers’ needs.

Overall wage pressure

Modest nominal wage growth is not expected to translate into rising real incomes due to inflation.

Wage pressure in high-skill industries

There was greater wage pressure in high-skill industries than in lower-skill industries, driven by high increases in sectors such as information services.

COMPARISON TOOL

Select a country to compare with Canada:

COUNTRY OVERVIEW

Ground View

Rowan O’Grady, President, Hays Canada

The Canadian economy is recovering from the oil and gas downturn, with steady economic growth in 2017 and similar moderate growth expected in 2018. However, uncertainty remains around a number of economic drivers including the rebound of the oil and gas industry, NAFTA re-negotiations and the potential for a correction in key housing markets. Employers are cautiously optimistic that business activity will increase in the year to come. This is not yet translating into widespread hiring or wage increases, but these metrics should increase in another year or two of continued stability. Industries such as construction, IT, telecommunications, and banking and financial are bucking the trend with significant hiring needs that are challenging skill-short markets

Rowan O’Grady, President, Hays Canada

Country Profile

The overall Index score for Canada is slightly lower this year compared to last year, indicating that conditions in the labour market have eased on average.

Last year the unemployment rate rose slightly to 7 per cent nit is forecast to fall this year. And a growing working age population – forecast by the UN to increase by 0.9 per cent between 2015 and 2020 – is adding to the pool of workers available to employers. In 2017, average workforce earnings in Canada are expected to fall slightly, suggesting that it will be easier overall for firms to attract and retain labour.

Key skills in demand

  • Software developers
  • Cyber security professionals
  • Construction estimators
  • Skilled tradespeople
  • Construction project managers

News and Press Materials

Rowan O’Grady, President, Hays Canada