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Posted by Jim Fearon, Vice President, Hays Canada on Thursday, Dec 15, 2016
As 2016 comes to an end your business plans for 2017 are starting to form, but do you know what the rest of the market has planned for the new year? Get a sense of other property employers expect from 2017 with a sneak peek at the Hays Salary Guide.
According to the Hays 2017 Salary Guide, Canadian employers in general feel 2016 was not as grim as expected, and many are predicting a solid rebound in economic outlook and business activity.
Trends in the property market
Property professionals, specifically, are optimistic for their business activity with 65 per cent of employers saying they expect business activity to increase in 2017. However, this expected increase does not necessarily translate into more hiring.
Employers tell us they are struggling to find the top talent they need, which may be affecting hiring intentions this year. These recruitment challenges are causing some salary pressure as employers look for ways to retain and attract the best employees. If you’re looking for top property candidates in 2017, I recommend planning ahead so you can put together a package that stands out, and communicate your company’s strongest points so job seekers know what makes you a great employer.
Looking across Canada, 63 per cent of BC employers say business activity increased in 2016, and 39 per cent say it will increase again in 2017.
Most of Ontario employers (67%) also predict increasing activity, and a similar percentage of Quebec respondents say the same. Alberta’s outlook is less optimistic, only 42 per cent predicting an increase, and 38 per cent saying activity will remain stable. However, this is still more confident than last year’s expectation when just one-third of Alberta employers expected an increase in activity.
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