Canadian Manufacturing

Talent Canada: Organizations adapting to executive shortage in wake of hot market

by Talent Canada   

Talent Canada
Human Resources

Firms facing uphill battle to land top talent

In recent months, a variety of Toronto organizations have spent longer than usual on executive searches, or have seen positions go unfilled entirely, according to Adam Dean. (jonbilous/Adobe Stock)

The shortage of senior-level financial services executives in Canada threatens to upend a wide range of organizations, in particular those on Bay Street, as firms face an uphill battle to land top talent.

No sector is immune. Executive shortages have affected investment banking, private equity firms, infrastructure investors and integrated wealth managers, among others.

Where there was once a perception that employers held sway in the war for talent, top candidates are pushing the limits and, in the wake of uncertainty caused by COVID-19, opting to remain in their current roles.

Read more on Talent Canada, one of Canadian Manufacturing‘s sister publications.



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