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Market insights: Empowering your talent strategy.

Interest rate hikes have dampened job creation, but the need to get work done remains. A strong push toward contract hiring in early 2024 will help companies kick off transformation projects with little investment in new resources.


of hiring managers plan to recruit over the next 6 months.


of professionals in Canada plan on actively looking for a new job in the next 6 months, - 31% down from last year.


of employers think the inability to provide competitive salaries is the major reason for losing talent in the last 6 months.

Few ‘A players’ are actively looking for work; organisations need to move fast to secure top talent. Employers are counting on more from their current employees, so retention strategies will be vital.

- Ian Kinsella Managing Director, Morgan McKinley Canada

This is your opportunity to Go Beyond all expectations.

How can you be successful in the evolving talent landscape?

The top 5 hiring challenges companies will face in 2024.


of organisations in Canada found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers to recruitment in 2024 are…

  • No sign-off for new headcount available
  • No budget to hire
  • Lack of skilled candidates
  • Pay and benefits not competitive enough
  • Length of the hiring process

What do people want? Key benefits to offer…


Employees in Canada are not very satisfied with the benefits they receive, with 65% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages.

Offering solid benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.

    Top 5 most desired benefits:

  • Health insurance
  • Work from home
  • Pension
  • Health and wellbeing benefits and support
  • Life insurance/assurance

Job security is a pressing issue for employees.


of employees are either feeling ‘indifferent’, ‘a bit insecure’ or ‘very insecure’ in their current roles.

    In a time when top talent is scarce, employers should take steps to ease the concerns of their workforce, or risk losing them to competitors.

Up, down or flat? The state of salaries.

There was no significant shift in salaries offered in 2023. The trend is likely to continue in 2024 until competition to hire picks up more widely.


of organisations kept their salary bandings level over the second half of 2023.


of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.


of professionals are optimistic that they will receive an increase in 2024.

2024 Canada salary guide.

Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.

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Salary data, insights and advice to guide your talent strategies. Benchmark what you are paying your teams against the industry averages for roles in your location.

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