Companies ready to hire over next six months, Canadian finance chiefs say
Outlook for workers brightens as majority of CFOs see steady or positive job climate
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TORONTO—Nearly 30 per cent of companies will be looking to add new positions in the next six months, a Robert Half Canada survey of Canadian CFOs, shows.
Up drastically from previous six months, when only 16 per cent of finance chiefs expected their company to add new positions, the positive outlook should be welcome news for workers after last week’s labour force numbers showed unemployment inching slightly higher.
Meanwhile, 54 per cent of executives plan to maintain the status quo, hiring only for open roles. On the less positive end, 17 per cent said their company was unlikely to fill vacant positions, while zero per cent of the company finance heads said they expect to downsize.
“Canadian executives’ confidence about their companies’ growth prospects is directly reflected in the hiring outlook,” Greg Scileppi, president of Robert Half, International Staffing Operations, said. “With more executives planning to hire, businesses must prepare for increased challenges in attracting and retaining skilled professionals by being flexible when it comes to benefits and compensation packages.”
The survey is based on interviews with 274 CFOs at Canadian companies with more than 20 employees.