1 in 5 Canadian Employers Losing Out on Talent Over Salary

November 6, 2023

A new salary survey has revealed that 20% of Canadian employers have had new talent slip through their fingers in the last six months, because they “can’t compete on salary and benefits”.

Sixty percent of the companies said hiring in 2023 has been “quite competitive”, and the greatest recruitment challenge for 2024 for 40% of the employers was “no sign-off for new headcount available”.

Despite this, 40% of businesses in Canada still plan to hire in the next six months, found the survey by global talent firm Morgan McKinley, using research from 650 businesses and 3,400 professional individuals.

Source: Read the full article at HCAMag here