At Permasearch we make it our business to know what is happening in the Canadian job market for both employers and talent. Here are the top trends we are seeing for 2023 in Canada. If you are in the market for a new role or looking to hire, please do not hesitate to get in touch with the expert team at Permasearch.
In recent years, there has been significant change, unpredictability, and innovation, especially in the context of the job market and work dynamics.
Here’s the top 4 talent trends we’ve noticed in 2023 so far:
1. Pay transparency is on the rise. This helps to attract talent and retain employees that value fairness. It also supports pay equity by being upfront about salary ranges. Companies are recognizing that transparency can be a competitive advantage in attracting and retaining top talent. Candidates often seek out employers that are transparent about compensation practices, as it helps them make more informed decisions about job offers.
2. Diversity, equity, inclusion, and belonging are crucial. Organizations that prioritize DEI are often more attractive to a broader range of job seekers. A commitment to DEI can make a company more attractive to a wider pool of talent. In a job market where top talent is in high demand, organizations that promote diversity and inclusion are more likely to attract and retain skilled and diverse employees.
3. Remote work flexibility remains attractive to candidates. This also allows for candidates to job opportunities outside of a candidate’s local area and it broadens the job pool for them. It also offers an improved work-life balance for those that might have a long commute and can now spend more time with their family vs getting home from the office.
4. Candidates seek companies that prioritize their well-being. These organizations often come with reduced micromanagement, less pressure and a positive culture that supports mental health. Prioritizing employee well-being is not only about short-term benefits but also about the long-term sustainability of the organization. Companies that take care of their employees are more likely to have a stable and dedicated workforce.
Being aware of these four trends can set companies apart from their rivals while also ensuring they provide an attractive employee value proposition.
