Employers to up investment in hiring, training employees in 2020: report

January 27, 2020

Despite low confidence in the economy, Canadian entrepreneurs are looking to invest more in hiring new talent and in training employees in the first quarter of 2020, according to a report from the Business Development Bank of Canada (BDC).

Entrepreneurs have a -37 confidence in the world economy, down 11 points from the previous quarter, based on a survey of 1,000 business owners of small to medium-size enterprises (SMEs). However, confidence in increasing the number of employees is at +19, from +11 last quarter, while spending on employee training is up to +8 from +6 in the final quarter of 2019.

Source: HR Reporter