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Posted by Rowan O'Grady, Hays Canada President, on Friday, Dec 9, 2016
The banking and finance sector has their numbers in order, are your plans for 2017 following suit? You may have a great plan but if it’s not considering what the sector as a whole is doing your plans may fall flat.
Get a sneak peek of the Hays Salary Guide to learn what the banking and finance function as a whole expects from the Canadian market in for the new year.
According to the Hays 2017 Salary Guide, banking/financial services is one of the industries expected to perform the best in 2017, along with construction, IT and telecommunication, and pharma/life sciences.
Employers across the provinces differ in their expectations for business activity in 2017. In BC, 39 per cent say it will increase but in Ontario and Quebec, that number is much higher at 67 and 68 per cent, respectively. Alberta’s outlook is less optimistic than its eastern provinces but more optimistic than BC. Forty-two per cent predict an increase, and 38 per cent say activity will remain stable. This is more confident than last year’s expectation when just one-third of Alberta employers expected an increase in activity.
In the banking and finance sector specifically, the expectations for business activities falls between the provincial amounts. Fifty-seven per cent of banking and finance employers said they think there will be an increase in business activity in 2017. Because of this expected increase, less employers are expecting to decrease their headcount over the next year as they did in 2016.
What other expectations does the banking and finance sector have for 2017? Register for the Hays 2017 Salary Guide webinar on December 13 to find out.
Reserve your copy of the guide to be among the first to receive it.
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