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Construction boom drives salaries, opportunities

Posted by Rowan O'Grady, Hays Canada President, on Thursday, Feb 12, 2015

Blog feb 12 imageThe booming construction industry continues to stretch the tight talent pool from basic labour to senior project managers.

As high-rise projects intensify in cities outside of Toronto and Vancouver, candidates with relevant experience, particularly those who can oversee large projects, are in high demand.

The 2015 Hays Salary Guide survey finds salaries are starting to stabilize and while growth is still expected it is at more realistic levels. Eighty per cent of respondents expect salary increases of up to six per cent in 2015. This trend follows the 2014 pattern, when 73 per cent of employers increased salaries by up to six per cent.

As salaries begin to stabilize, candidates become savvier about benefits, which can be a powerful tool for employers. Half of respondents say they will improve benefits to support attraction and retention efforts.

Seventy-two per cent of respondents predict an increase in business activity in 2015 and 91 per cent of employers say staff levels will increase or remain stable. Employers who need talent in 2015 should start engaging with candidates now.  Proactively building a network of potential employees will effectively reduce the time and energy associated with recruiting when projects ramp up.

To learn more request your copy of the Hays 2015 Salary Guide.

Talk to Rowan O'Grady, Hays Canada President, on the Canadian labour market.

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