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

Urban Air Adventure Park
SPONSORED CONTENT
Urban Air Adventure Park
SPONSORED CONTENT
Urban Air Adventure Park
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Blink Fitness
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Del Taco
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
APR 6-9TH, 2021

Featured Opportunities

Twin Peaks
Twin Peaks is so much more than your typical sports bar. This lodge welcomes every guest with World Series walk offs and barrel-aged whiskey.
Home Care for the 21st Century
The World's Only Home Health Franchise Opportunity with 8 Turn-Key Business Models under one umbrella. Plus over 50 Professional Staff to Support Our...
Restaurant Heroes
Help restaurants achieve peak operating performance and efficiency...while earning a great income.
Dunkin'
Dunkin' Is Now Expanding! Find out about our franchise investment opportunities.
LeTip World Franchise
It's great to be in business for yourself, but not by yourself. Be in business with LeTip!

Share This Page

Subscribe to Our Newsletters

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2020.
All Rights Reserved.