Career Professionals of Canada News Feed
The recent RBC report highlights a concerning trend in Canada’s labour market: job creation is lagging behind the rapid growth of the labour force, leading to a projected unemployment rate increase to 6.7% in November from 6.5% in October. This disparity underscores the challenges of sustaining employment levels amid swift population growth. Notably, job vacancies have decreased by 18% year-over-year as of September, indicating a cooling hiring environment. In contrast, the U.S. labour market appears more robust, with anticipated payroll employment growth of 157,000 jobs in November and a steady…
This article from inSauga highlights the top five salary trends anticipated in Canada for 2025, with a notable emphasis on diversity and inclusion management roles, which are expected to see a 12% salary increase, elevating senior positions to $123,200. This underscores the growing corporate commitment to fostering inclusive workplaces. Additionally, the demand for specialized skills in sectors such as skilled trades, technology, and engineering is projected to drive salary growth. For instance, automation technicians and electromechanics may experience an 8% salary boost, reflecting the escalating importance of these professions. In…
The article from HRD Canada highlights a concerning trend identified by Glassdoor’s lead economist, Daniel Zhao: a potential surge in “revenge quitting” as employees’ frustration over stalled careers reaches a tipping point. With 65% of surveyed employees feeling stuck, particularly in the tech and advertising sectors, and U.S. quit rates dropping to 1.9%—the lowest since June 2020—employers might enjoy low turnover now, but this could be the calm before the storm. As the job market rebounds, the dissatisfaction may lead to a significant exodus of talent. Organizations should proactively address…
Canada’s unemployment rate was unchanged in October at 6.5 per cent, while job growth was little changed from the previous month, Statistics Canada said on Friday. Read more.
Despite their extensive experience and valuable insights, seasoned workers often face bias, with employers seeing age as a liability rather than an asset. It’s concerning that age can become a barrier as early as 45, and even more so for diverse individuals. Addressing these biases and encouraging inclusivity is essential. Talent and experience shouldn’t be overlooked due to age, especially in a society that values lifelong learning and diverse perspectives in the workplace. This article highlights the unique challenges faced by job seekers over 50, shedding light on ageism in…
This Financial Post article illuminates the dissatisfaction many Canadian workers feel regarding their pay, with more than half perceiving themselves as underpaid. This sentiment underscores growing concerns over wage stagnation, inflation, and the cost of living. It also suggests potential implications for employee retention and morale, as fair compensation remains a top priority for the workforce. Addressing this challenge will likely require a multi-faceted approach from employers, including transparent pay structures and regular compensation reviews to ensure employees feel valued and motivated.