Employment outlook stable in Q3: Manpower
Survey cites favourable hiring in durable goods manufacturing.
TORONTO — A survey by international human resources firm Manpower Inc. suggests about 20% of Canadian companies expect to add to their payrolls in the third quarter.
However, Manpower Inc. says that figure falls to 10% when seasonal variations are factored in, along with the four per cent of firms that expected to shed workers in the July-September period.
That’s one percentage point higher than both the second and third quarters of 2013.
Most of the companies surveyed (74%) said they planned on keeping staffing levels the same, while 2% were unsure what their hiring would be like in the upcoming quarter.
The survey found that hiring intentions were most favourable in Western Canada, with employers there reporting the highest net employment outlook out of any region at 15%.
Hiring in manufacturing depends on whether employers are in durable or non-durable goods. The survey indicates favourable conditions for durable goods manufacturers with a net employment outlook of 16%. Hiring plans improve both quarter-over-quarter and year-over-year, increasing by 7% and 11%, respectively.
Non-durable goods manufacturers forecast a flat labour market for the second consecutive quarter, reporting a flat net employment outlook. Compared with Q3 2013, the outlook declined by 5%.
For the first time, the poll also broke down the results by the size of the employer. It found that medium-sized firms – those with 50 to 249 employees – reported the most positive net employment outlook at 21%.
They were followed by large organizations – those with 250 or more employees – with a net employment outlook of 18% and small business at 11%.
Micro companies, those with less than 10 employees, had the most negative outlook, coming in at 3%.
“Although a fair hiring climate is projected for the third quarter of 2014, we are seeing some potential for brighter opportunities for job seekers,” Byrne Luft, vice-president of operations for Manpower Canada said in a statement.
“On the whole, the survey indicates that one out of every five employers intend to add to their payrolls in the next three months. Plus, employment levels in professional, scientific and services sectors are hitting record highs and Canadian manufacturers’ sales are returning to pre-recession levels.”
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© 2014 The Canadian Press