CANADIAN EMPLOYERS’ OPTIMISM REACHES NEW HIGH
Canadian employers’ general outlook on the Canadian economy for 2015.
Results indicate an increase in employers' optimism in the strength of the Canadian economy over the past three years.
Forty-nine per cent say the Canadian economy is strengthening, which is nearly a ten-point increase from last year’s market perceptions. Forty-three per cent say the market will remain static year-over-year.
This is considered an optimistic sentiment as last year’s economic strength and business activity was also positive.
HIRING PLANS HOLD STEADY
Hiring plans remain stable for 2015.
Looking at the past four years, hiring plans in Canada remain relatively stable for 2015. The only fluctuation that can be seen is in actual versus predicted staff decreases. This can be attributed to reduced business activity or changes to growth plans depending on how successful the business operates throughout the year.
Fifty-five per cent of Canadian employers use temporary or contract staff. Planning for 2015, already 23 per cent of employers anticipate increasing temporary staff headcount while 12 per cent plan to decrease.
SALARIES CONTINUE TO RISE
THE IMPORTANCE OF SALARY INCREASES IS MORE HIGHLY RECOGNIZED
For the first time in three years more employers plan to increase salary levels between three and six per cent (32%), which is up from 29 per cent of employers in 2014. With a more realistic view on hiring plans as well as a heightened awareness of the competitive recruitment landscape, may have be recognizing the importance of salary increases for the year ahead.