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Employers are facing a potential perfect storm scenario when it comes to staffing in 2018 says Hays Canada vice-president, Central Canada, Jim Fearon. The eighth annual Hays Canada Salary Guide released recently shows while Canadian employers had a successful year, nominal raises, softhiring plans and growing discontent among employees could mean a potential workforce crisis in 2018.
"Hiring is getting harder because more companies are hiring, business activity is increasing, 75 per cent of employers are reporting that they are operating in a skills shortage...and on top of that they are offering new staffmore than they are paying their existing staff," explained Fearon. "That has the potential to generate a lot of churn in organizations."
Despite the strength of the job market and the economy this past year, the report shows employers are being more conservative with their approach to wage increases. The survey results also showed employers appear to instead have an increasing appetite for hiring temporary and contract help while offering employees salary increases of less than...