Is Canadian Staffing on the Rise?
As more and more Canadians eagerly seek to join the workforce, the need for expert staffing services increases. Businesses often struggle with in-house hiring strategies, so outsourcing may be a means to recruit the best employees possible.
The Canadian staffing industry is poised to grow over the next few years, so businesses must be ready to adapt, integrate, and reach out to experts for help. Here are a few factors you need to consider.
Emergence of Niche Staffing Firms
Staffing firms are faced with a variety of obstacles on a daily basis. While some are easy to surmount, many continue to weigh new companies down. In a job market that is saturated with agencies that claim to have workers’ interests at heart, it’s more important than ever that staffing firms find their niche within the job-seeking world and grow.
Some staffing firms find great success only after identifying their own areas of expertise within the job market. Any agency can hire for any role, but one that is fully immersed in a particular industry would be better suited to finding the best candidates for that field. This kind of bespoke staffing ensures that every dollar spent is working for the success of both their clients and their own enterprise.
Garnering renown within the industry is key to the success of any staffing firm and focusing resources on the core growth of the company is paramount. Canadian staffing is on the rise and businesses need to be ready!
Canadian Staffing Industry Outlook: 2017 Update
Is Canadian staffing on the rise? In 2016, Staffing Industry Analysts saw the Canadian temporary staffing industry fall flat, as steep declines in the province of Alberta were offset by modest growth in Ontario, Quebec and British Columbia. For 2017, Staffing Industry Analysts project that Canadian temporary staffing will see an increase in revenue of 4% year over year in 2017, reaching a market size of C$8.5 billion; the report projects a slight deceleration to 3% growth in 2018.
Before “jumping the gun” on staffing prospects, it is important to consider factors such as:
- provincial and territorial differences;
- metropolitan bias; and
- targeted market size and density.
Canada is a vast nation and output of certain provinces and metropolitan areas skews growth in the country more generally. Ontario (Toronto), Alberta (Calgary), British Columbia (Vancouver), and Quebec (Montreal) are just a few examples of provinces whose large metropolitan cities drive the demand for jobs. Within these regions, staffing firms must find a balance between job market demand and the density of skilled workers within a given sector.
New Technology Drives Growth
Not only has 2017 seen Canadian staffing on the rise, but it also heralds the emergence of new technology that drives the growth of industries across the country. The inability to adapt to technology is one of many reasons why people fail in the staffing industry, so it’s important for businesses to learn to evolve.
Nowadays, customer relationship management (CRM) and applicant tracking system (ATS) software are vital to staffing operations. Staffing firms have a plethora of tools to track talent, catalog resumes, and match qualified workers with clients in need.
The days of pen and paper filing and passive interaction are numbered, and the dawn of detailed analytics is at hand. New software helps fill the gap in skill shortages for various industries and it’s easier to facilitate contact between workers and businesses.
Focus on Your Business
Although a larger pool of workers means a greater chance of finding the best candidates, it also means a longer, time-consuming ordeal of sifting through a large number of applicants. This kind of turnover may lead to an unwanted increase in administrative work. However, outsourcing basic HR tasks may be just what your company needs.
With Canadian staffing on the rise, it’s important that businesses know how to benefit from the arrival of skilled workers into the job market.