Quebec job market recovery coming in Q2
The Quebec job market is on the mend, particularly for employment in manufacturing, according to a survey of HR professionals.
MONTREAL: The Quebec job market is on the mend, particularly employment in manufacturing, according to a survey of HR professionals.
Job prospects should pick up in the second quarter, says the latest Flash-Emploi CRHA, a quarterly survey released by the Ordre des conseillers en ressources humaines agréés.
The net difference in hiring expectations amounts to 25.5 %, or an increase of 2.9% over the previous quarter. Despite this slight rise, these results are lower than last year’s anticipated hiring growth of 45.5%.
Companies with fewer than 99 employees appear to recover from a difficult hiring period more quickly than those with over 100 employees. They register a 45.6% hiring mode reading and 5.1% also plan to award salary increases that are higher than inflation.
The report says manufacturing plans to increase its recruitment efforts by more than 20% and hours worked will rise by 23.9% in comparison to the previous quarter.
Some 22.9% of the 305 professionals surveyed expect an increase in hours worked versus only 2.9% who expect the contrary, for a net difference of 17.4%, an improvement of 12.1% over the previous quarter.
Survey respondents do not seem to feel the impact of the labour shortage as severely as in the preceding quarter or during the same period in 2011. They plan to step up recruitment efforts by 43.0%, which amounts to a decline of 16.6% compared to the first quarter of 2012 and 13.1% to last year.
“After a more difficult period in early 2012, the survey shows that the job market is emerging from its hibernation. Together with encouraging unemployment figures and the optimism of employers in Quebec and the rest of Canada, all signs point to the second quarter being a good period for both organizations and workers,” said Florent Francoeur, CHRP, Ordre president and CEO.
Click here for a copy of the report (French only).