Canada’s economic growth has slowed in the last few years (since the middle of 2016) due to the volatility of world oil prices, but it has still maintained a high quality of life, “green” business practices, and an abundance of natural resources. Canada has developed at the same pace as the US, and boasts both English and French as national languages. This article discusses the opportunities and challenges to consider when growing your business in Canada.
The market at a glance
Size of workforce
Those who work for pay or profit for at least one hour a week, or who have a job but are temporarily not at work due to illness, leave or industrial action
The ratio of the employed to the working age
% of population (25-44 yrs old) with tertiary graduation rates
Cost of labor
English proficiency index (world)
The world's largest ranking of countries and regions by English skills
Finding the right talent
The Government of Canada has put together their own resource page with recommendations for companies on how to develop job descriptions, post vacancies, and screen applicants.
Top recruitment firms in Canada include many of the global companies such as Randstad, Manpower, and Michael Page, as well as some Canada-wide firms like Work Global Canada, and many targeted agencies by region. Companies like Global Hire focuses on hiring foreign labour for skilled work across Canada.
Things to keep in mind
The Government of Canada provides a comprehensive overview of Employment Regulations and steps to consider when hiring in Canada in an easy-to-understand format. They also provide links to explanations of the Federal labour standards regarding work hours, wages, holidays, termination, and other useful points to consider when you hire in Canada.
It’s worth noting that a Social Insurance Number (SIN) is used for government benefits, and is created for an employee upon starting. A SIN that begins with a ‘9’ indicates that a person is not a Canadian citizen or permanent resident. In this case, it’s likely that the person holds authorization through Citizenship and Immigration Canada to work for a particular employer, which may pose issues to hiring these workers.
- Total 2017 Labour force
- % of working age population
- % of population (25-44 yrs old) with tertiary graduation rates
- Average wage
- English proficiency index
- the balance small business