Canada increases average hourly wages to 7.5% to meet the workforce demand

Highlights of Canada increases average hourly wages to 7.5% to meet the workforce demand

• Canada observes an increase in average hourly wages to fill the empty job vacancies lying for months.
• The average hourly wages rose by 7.5%, CAD 24.20 per hour.
• Canada has 1.1 persons per job vacancy in the Q3 of 2022.
• Sectors with high job vacancies are the Healthcare & social assistance sector, Construction, Accommodation & Food services, etc.
• In-demand occupation categories like Health services, Manufacturing, trades, production & utilities, and Transportation wages were increased.
• Provinces with the most job vacancy rate are Alberta, British Columbia, Ontario, Quebec, Manitoba, Saskatchewan, etc.

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Canada’s step towards increasing average hourly wages

Canada has been facing workforce shortages as currently, it has 1M+ job vacancies. Hence the employers and the Canadian government worked on increasing the average hourly wages per the demand of an occupation.

 

What is a vacant job?

A vacant job does not have anyone to do the work; thus, a new individual has to take up the job and do it. And if,

• A certain position exists
• Might begin the work in 30 days and
• An employer is actively searching for workers outside the company to take the role.

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‘Jobs in Canada up by 10,000 in Nov 2022’, StatCan Reports 

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The average wage increase is a prime source to attract more workers for Canadian employers

As there is a chronic shortage in the workforce market and unable to find workers for the vacant jobs, most employers increased their wages for the vacant positions.

 

The average hourly wage raised by 7.5%, which is CAD 24.20 compared to the same quarter of 2021.

 

The in-demand occupation categories that have seen an increase in wages than the national average are displayed in the following table:

 

Categories of occupations	Increase in wages
Middle management in trades, transportation, production, and utilities	+10.8% to $41.40 an hour
Assisting occupations in support of health services	+10.7% to $22.45 an hour
Assemblers in manufacturing	+10.4% to 20.05 an hour
Processing and manufacturing machine operators and related production workers	+10.2% to $20.02 an hour

 

Sectors that have high job vacancies in Canada

Canada has record-level job vacancies for 150,100 healthcare and social sector professionals, which have not been filled in Q3, 2022. The country has been investing in and streamlining foreign-educated healthcare professionals.

 

Industries that have a notable number of job vacancies are shown in the following table:

 

Industry names	Number of job vacancies
Healthcare and social sector professionals	150,100
Accommodation and food services	140,000
Construction	81,000
Professional scientific and technical services	63,100

 

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Provinces that have the most job vacancies

Saskatchewan and Manitoba have seen an increase in job vacancies in Q3 of 7.5% and 10.7%, respectively. The percentage in need of workforce has been rising from Quarter to Quarter.

 

The highest job vacancy rate is continuously increasing at 6.2% and 5.8% for British Columbia & Quebec, respectively.

 

Province name	Number of Job vacancies
British Columbia	155,400
Ontario	364,000
Quebec	232,400
Alberta	103,380
Manitoba	32,400
Saskatchewan	24,300
Nova Scotia	22,960
New Brunswick	16,430
Newfoundland and Labrador	8,185
Prince Edward Island	4,090
Northwest Territories	1,820
Yukon	1,720
Nunavut	405

 

A futuristic Canada

Canada is focused on filling in the workforce shortages. Hence immigration is the power source of the country.

 

The Express Entry managed programs tend to target in-demand professions in Canada.

 

The statistics of the number of job vacancies that are in demand occupations in each sector from each province will help the IRCC target ad send ITAs in 2023.

 

Canada has been taking measures to increase its workforce in the country by granting OPWs (Open Work Permits) to families who are under LMIA-based work permits.

 

Canada also removed the cap on the number of hours that an International student can work till December 31, 2023

 

There might be an increase in taking skilled workers, International graduates to recruit in Canadian businesses in 2023.

 

Do you have a dream to migrate to Canada? Talk to World’s no.1 Y-Axis Canada overseas migration consultant.

Also Read: Express Entry 2023 targets Healthcare, Tech professionals. Apply for Canada PR now!

Web Story: Canada maximized average hourly wages to CAD 24.20/hour for the in-demand workforce.