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Despite Market Turbulence, Jobseekers Remain in Driver’s Seat: Report

September 12, 2022 by Knowlton Thomas

We know that for many, spirits have been down recently—no wonder, with a market downturn resulting in significant layoffs in Canadian tech.

That is of course why Tech Talent Canada regularly reminds its readers that our nation’s tech hubs remain vibrant with actively hiring firms. And we prove it with each and every Job Fair we host—more than 400 companies have hired Canadian tech talent through our seasonal event, according to founder Rob Lewis.

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.”

Data from Hired shows jobseekers have power…for now.

A majority of Hired respondents believe that currently “jobseekers have more power than employers.” However, highlighting the uncertainty of the market, they were divided on whether this power would shift within the next year.

“As the winds shift towards an economic slowdown, will the pendulum swing more in favor of employer demands?” asks Hired CEO Josh Brenner. He notes how a majority of candidates are considering leaving their current role, “driven by the potential for more lucrative opportunities and an overall better fit.”

Despite some layoffs, it is still reasonably easy to get hired in Canadian tech in 2022. Hired noted that in North America “tech salaries continue to rise, despite factors like the pandemic and economic uncertainty.”

For a taste of opportunities available today, access Tech Talent Canada’s free Job Board.

Filed Under: News Tagged With: Hired

 
 
 

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