Survey: Half of the Canadian Firms will Increase their Pay Budgets During 2023

Survey: Half of the Canadian Firms will Increase their Pay Budgets During 2023

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A survey by Normandin Beaudry revealed that two-fifths of 440 employers had set apart an average of 1.2% in additional funds for salary raises. Some of the reasons for these respondents' actions are market adjustments and the need to retain a critical role. Another reason is the need to retain workers at risk of leaving.The respondents also said they're anticipating an average budget raise of 4.7% to allow for salary raises in 2023. Locations anticipating the highest budget increases are Quebec and Ontario. Canadian Visa Professionals added private businesses and nonprofit organizations are anticipating the highest budget raises.Ultimately, companies continue to invest in salary increase budgets in spite of the volatile economic condition. Darcy Clark, senior principal for compensation at Normandin Beaudry, said they are doing this to adjust to…
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Accountants in High Demand in Canadian Job Market

Accountants in High Demand in Canadian Job Market

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Earlier this year, Patrick Poulin, the group president of Randstad Canada, highlighted some skills as most important to employers in 2022. These skills include budgeting, accounting and quality control. They are of paramount importance to business owners trying to run a successful business during the pandemic. Also, from the report, the most sought-after professions for 2022 have been identified. These are salespeople, customer service representatives and scheduling specialists. Some other jobs in high demand in Canada are budgeting and accounting positions.Due to this report, Canadian Visa Professionals stated that there is high hope for new immigrants who are accountants to secure employment with ease in Canada. Reasons for Changes in the Most-Sought-After Jobs in Canada The job market in Canada has continued to evolve since the Covid-19 Pandemic. Due to this…
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