Labour Shortage Trends In Canada
The demand for labour in Canada is constantly increasing, but the number of available workers is not keeping up. This has created a labour shortage in many industries, which is predicted to get worse in the future. There are several reasons for this labour shortage. Firstly, the baby boomers are retiring in large numbers, and there are not enough young people to replace them. Secondly, many people who might have been interested in working have been discouraged by the weak economy. And finally, many Canadians are choosing to work in other countries where the wages and benefits are better.
The government and businesses are trying to find ways to address this issue. The government has been encouraging immigration and expanding the list of eligible occupations for temporary foreign workers. Businesses are offering higher wages and more flexible working arrangements.
In the first quarter of 2022, the average reservation wage was $22.00 an hour, while the average offered hourly wage was $25.00. This represents a significant increase in both wages over the past year.
Despite these efforts, the labour shortage is expected to continue for the foreseeable future.
“The recruitment process is a critical factor in the success of any organization. In order to find the best candidates, it is important to have a system that is fair and efficient. I believe that the best solution in global recruiting is the use of the gold standard.” — says founder of the global recruiting platform Joblio Jon Purizhansky.
The unemployment-to-job vacancy ratio in Canada
Unemployment in Canada is currently at a record low of 5.8%, amid a record tight labour market. This has created a situation where there are more jobs available than there are unemployed workers to fill them. This has led to a situation where the unemployment-to-job vacancy ratio is at a historical low of 1.6%. This means that for every 16 job vacancies, there are only 1.6 unemployed workers. This situation is forcing businesses to get creative in order to find the workers they need and is resulting in higher wages and better benefits for those workers who are able to find employment.
The unemployment-to-job vacancy ratio is lowest in Quebec and British Columbia. If you’re looking to hire new employees, you may want to consider targeting these provinces.
Despite the challenges, there may be a way out for your business. As explained by Jon Purizhansky: “You could consider reorienting your hiring strategy and bringing in foreign workers. Foreign workers can help to fill critical gaps in your workforce and can contribute new skills and perspectives to your company. Additionally, they can help to reduce costs and improve efficiency. If you’re looking to expand your business, hiring foreign workers may be the solution you need.”If you’re thinking of hiring foreign workers, delegating the recruitment process to professionals could be the winning solution. By working with the global employment marketplace Joblio, you’ll have access to a large pool of qualified candidates, and you’ll be able to avoid the hassle and expense of recruiting on your own.
“Joblio platform is accessible globally, so we can help you find the best candidates for your business. We also have expertise in immigration law and HR procedures, so Joblio can help you navigate the complex process of hiring foreign workers.” — states Jon Purizhansky.[/vc_column_text][/vc_column][/vc_row]
Joblio's Benefits to Employers
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