Canada Increases Average Salaries | Filling Vacancies Faster

Canada Increases Average Salaries | Filling Vacancies Faster

The third quarter of 2022 (Q3) job vacancies data illustrates a pattern that has been present all year. Employers in Canada are still struggling to find workers to fill over one million (over 959,500) open positions. A position is deemed vacant if, there is an established position seeking placement AND seeking such placement within a 30 days’ timeframe.

To fill the roles, employers are aggressively seeking candidates from outside the company. The demand for labour is still great despite more than 3.1% drop from the record-high number of open positions (more than 993,000) reported at the beginning of the year. In the third quarter of 2022, there were less than 1.2 persons (on average in Canada) to occupy every open position.

Companies raise average pay to entice workers

Many Canadian companies (especially in Ontario, British Columbia & Saskatchewan) have raised compensation for open positions in response to a tight labor market and difficulties in hiring. The average hourly salary offered climbed over 7.4% to more than $24.0 per hour from the same quarter a year prior. Several categories of in-demand occupations had risen in offered earnings that were considerably higher than the national average, including:

• Assisting occupations in support of health services (+10.6% to over $22.4 an hour).

• Processing and manufacturing machine operators and related production workers (+10.1% to $20.0 an hour).

• Assemblers in manufacturing (+10.2% to 20.03 an hour)

• Middle management in trades, transportation, production, and utilities (+10.65% to $41.20 an hour)

The average hourly salary for all workers increased by more than 5.2% during the same time.

For more information, read our Related Article Here.

Which industries in Canada need more employees?

The number of open positions in Canada’s healthcare and social assistance sectors is particularly noteworthy. In the third quarter of 2022, more than 150,076 open posts were open.

Since the beginning of the COVID-19 pandemic, there has been a persistent need for more healthcare professionals. In response, Immigration, Refugees and Citizenship Canada (IRCC) has removed restrictions on physicians obtaining permanent residence and invested millions to streamline the accreditation of healthcare professionals with foreign education as Canada attempts to address this historic labor shortage.

For more information, read our Related Article Here.

The following sectors have significant number of openings:

• The hospitality and culinary industry have more than 140,500 open positions

• Construction sector have more than 80,700 open positions – a record high number of open positions in this sector, till date

• There are more than 63,050 open positions in professional scientific and technical services sector
  
  

Which Canadian provinces boast maximum open positions?

Although the number of unfilled positions is still high across Canada, certain provinces had a greater increase than others in Q3. The number of open positions increased in Q3 by over 10.6% and 7.4%, respectively, in Manitoba and Saskatchewan. The significant percentage growth from quarter to quarter is just another indication of the labour shortage.

British Columbia, Ontario, and Quebec all simultaneously had fewer job openings than in the second quarter of 2022. Despite this decline, there are still many open positions in Canada:

• British Columbia: 155,398 vacancies

• Manitoba: 32,410 vacancies

• Ontario: 364,788 vacancies

• Quebec: 232,376 vacancies

• Saskatchewan: 24,369 vacancies

• Alberta: 103,288 vacancies

• New Brunswick: 16,117 vacancies

• Newfoundland and Labrador: 8,198 vacancies

• Northwest Territories: 1,900 vacancies

• Nova Scotia: 22,796 vacancies

• Nunavut: 403 vacancies

• Prince Edward Island: 4,065 vacancies

• Yukon: 1,719 vacancies.

At just about 6.3% and 5.9% respectively, British Columbia and Quebec still have the highest job vacancy rates (defined as the ratio of open positions to the total labour demand, including both empty and filled positions).

Immigration becomes a top priority for the government as Canada attempts to alleviate labor shortages. Targeted draws for high-demand Canadian occupations are projected to become more common in 2023 under the Express Entry system of programs.

In light of these adjustments, information like the number of open positions in a certain industry might offer some insight into the professions that the IRCC is most likely to target for ITAs in 2023.

Additionally, Canada is already taking steps to make the most of the workforce it already has by granting Open Work Permits (OPWs) to the families of people with LMIA-based work permits and lifting the restriction on the number of hours that international students can work up until December 31, 2023.

For more information, read our Related Article Here.

These regulatory improvements, together with the aforementioned facts, point to a favorable hiring environment going into 2023.

Contact us to know if you qualify to migrate to Canada. Check out Owlspriority Immigration’s Canada Settlement Resources to learn about finding employment in Canada, making your initial days stress-free, etc.