As of March 2022, the unemployment rate in Canada sits at a record low of 5.3%. It is no doubt that employers are struggling with worker retention as we continue in a job-seekers market. We are also seeing an upward trend amongst HR jobs being the integration of AI technology to handle activities such as applicant screening, candidate interviews, and workforce communications.
More specifically, 43% of employers have said that they plan on increasing the number of employees in the first half of 2022. Yet, ghosting still remains a major issue for employers making the race for talent extremely competitive. Of course, the COVID-19 pandemic has completely changed the nature of work as well as expectations overall from both employers and employees. The driving force behind the great resignation has certainly been the fact that the majority of workers are simply not content with the positions and work conditions they are in. On the other hand, there is a hiring push with a focus on looking for candidates with essential soft skills such as willingness to learn and dependability.
Lucky for employers, the great resignation is in fact slowing down since surveys are showing a 50% decrease in workers wanting to change their jobs within the next year. However, employee satisfaction levels are still quite low and it can be attributed to a lack of career development, work flexibility, wellness benefits and compensation.
Change has been the only constant since the very beginning of the pandemic and it has certainly shifted some priorities for employees. Hiring decision-makers are required to not only meet employee expectations in this chaotic recruiting environment but also be persistent and quick with their hiring process in order to move faster than their competition.