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We know that for many, spirits have been down recently—no wonder, with a market downturn resulting in significant layoffs in Canadian tech.
Yet a recent report from recruiting platform Hired shows that job-seekers are “still in the driver’s seat,” even if it may not feel that way.
“While it may appear power in the current hiring climate is shifting to employers, it’s still a jobseekers’ market, according to our survey data,” Hired states.
Hired’s data science team collected and analyzed proprietary data from real interview requests for its 2022 State of Tech Salaries report dubbed “Navigating an Uncertain Hiring Market.”
A majority of Hired respondents believe that currently “jobseekers have more power than employers.” Hired noted that in North America “tech salaries continue to rise, despite factors like the pandemic and economic uncertainty.”
For employers hoping to entice top tech talent in Canada, however, salary is one of several factors potential workers consider when committing to a role. Today, workforce expectations have shifted since pre-Pandemic.
Results earlier this year revealed that, in the bid for talent, high salaries are not enough to mitigate frustrating work, as 71% said they would never take a job that is frustrating or unrewarding—even if the pay was higher.
“The employee experience has become the new currency in the search for talent and it’s critical that companies remain competitive,” Marc LeCuyer, vice president and general manager for ServiceNow Canada, stated in April.
“For the second year in a row, flexibility in one’s work schedule topped anything else for tech talent,” Hired reports. Paid time off came in second with a strong benefits package finishing third.
Last year, just 18% of active jobseekers indicated they only wanted remote roles. By the end of this June, “93% of candidates show a steady preference for remote or hybrid jobs.”
Canadian companies such as Thomson Reuters, Givex, and Apollo all offer flexible working solutions to employees now—the examples are myriad. Hired says a majority of tech workers are satisfied with these current hybrid models “and aren’t looking for changes to be made.”
Some prefer remote, others hybrid—but just 2% prefer exclusively in-office, according to Hired data. Take note, employers!
Expectations on salary and work flexibility “remain sky high,” Hired CEO Josh Brenner stated in the report, “placing the onus on employers to execute the right strategies to attract, hire, and retain top talent.”
The Tech Talent Canada Job Fairs allow employers to execute just such a strategy: pitch their work perks and company culture to active and qualified jobseekers.
For a taste of flexible working opportunities available today, access Tech Talent Canada’s free Job Board.