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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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|
|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|
|Newfoundland and Labrador||8,185|
|Prince Edward Island||4,090|
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.
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