Canadians less optimistic about the economy and their prospects for a raise than 2014.
TORONTO — In a year that ended with oil plunging to its lowest levels since 2009, Canadian job seekers are more pessimistic than usual, says a survey by Randstad Canada.
According to the year-end Randstad Canada Workmonitor study, Canadians are split down the middle about the country’s economic condition this year: 47% predicted a slide backward, while 54% believed we’d see an improvement.
In comparison to last year when asked the same questions, respondents were much less fearful about the year to come with 53% believing the economy would improve and only 31% believing it would deteriorate.
As well, Canadians at the end of 2014, were less expectant of a raise than 2013, with 59% believing they’d receive an increase in Q4 2014 opposed to 65% believing the same the year prior. The Conference Board of Canada’s annual compensation outlook for 2015 reports that employers expect “moderate” base salary increases this year.
While there are some segments that have seen hiring slow, such as the oil and gas industry, others will see an uptick from a lower Canadian dollar and lower cost of fuel.
The Toronto-based staffing firm expects roles such as mechanical engineers, electrical engineers, warehouse managers and welders to be a high demand. Finance IT security are expected to be the hardest roles to fill.
“I expect this to be a great year for manufacturing and warehousing and logistics. Transport costs will be lower and with the strength of the American dollar, our largest exporting partner, Canadian companies will be hiring to meet demand for new orders,” said Tom Turpin, Randstad Canada’s president.