In this video interview, Cal Jungwirth, Director of Permanent Placement Services with Robert Half, discusses some new research indicating more than four in 10 professionals today are looking for a new job. He talks about the reasons for that and what companies need to do to attract and retain people.
Cal Jungwirth
PRESS RELEASE
Despite an uncertain economy leading to less turnover in the labour market recently, the demand for skilled talent remains high, which is good news for the Canadian professionals looking for new opportunities. According to new Robert Half research, 42 per cent of workers have already started looking or plan to look for a new job in the first half of 2024, up slightly from 41 per cent in July 2023, but down from 50 per cent in December 2022.
Professionals Most Likely to Make a Move
| February 2024 | July 2023 | ||||
| Gen Z | 67% | 64% | |||
| Marketing and creative | 67% | 51% | |||
| Millennials | 57% | 49% | |||
| HR | 72% | 42% |
Workers’ Main Motivators
With inflation and cost of living top of many people’s minds, it’s no surprise that salary is the largest motivating factor. When asked what would lead them to look for a new position, workers cited:
- A higher salary (47%)
- More advancement opportunities (32%)
- Better perks and benefits (31%)
- A job with more flexibility (31%)
What’s Making People Stay?
Though slightly more professionals are seeking new roles compared to 6 months ago, the number is down from where it was a year ago. Some of the reasons behind this are:
- Their current job offers a level of flexibility that they aren’t willing to lose (38%)
- They feel fulfilled in their current role (36%)
- They feel well compensated for their work (30%)
Demand is High for Skilled Workers
Our research shows that over half (54 per cent) of hiring managers are actively seeking talent for new roles, mostly to support company growth, and organizations are primed to move ahead with strategic initiatives. However, competition for professionals with in-demand skills remains high. Most managers (64 per cent) say it takes longer to hire now than a year ago, and they risk losing skilled people to competitors if they don’t speed things up.
For more information about The Demand for Skilled Talent, visit our report here.
About the Research
The online survey was developed by Robert Half and conducted by an independent research firm from October 27-November 17, 2023. It includes responses from more than 765 workers 18 and older in finance and accounting, technology, marketing and creative, legal, administrative and customer support, human resources, and other areas at companies with 20 or more employees in Canada.
Mario Toneguzzi
Mario Toneguzzi is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list
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Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast.
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