Eight in 10 mid-size Canadian firms say they’re hiring

Oct 21, 2014

Mid-sized Canadian companies are looking to hire, according to the inaugural American Express multinational survey of mid-sized companies. More than eight in 10 Canadian mid-sized companies surveyed, 81 percent, plan to make an investment in human capital and hire staff over the next six months. While the research found this is a global trend, Canada is the most likely of the seven countries surveyed to report plans to hire.

Revenues are up 66 percent year-over-year and 88 percent of mid-sized Canadian companies are confident they can access the capital they need to grow, according to the survey.

“Revenues are up overall for Canadian mid-sized companies and as a result, the majority of them are looking to hire,” said Paul Parisi, VP and general manager, global corporate payments, American Express Canada. “Despite their biggest concern cited as cash flow, mid-sized companies are extremely positive with most expecting to see growth over the next year.”

The survey found 59 percent of companies currently have more employees than they did one year ago. Among those currently planning to add staff, 47 percent said they need to hire to support business volume.

Among companies that plan to add staff over the next six months:

  • 47 percent plan to hire only full-time employees
  • 27 percent plan to hire only part-time employees
  • 12 percent plan to hire both full and part-time employees

The survey included 200 financial decision makers in Canadian mid-size companies, defined as having revenues of C$5.4 million to C$1.1 billion annually. Interviews were conducted by Ebiquity between June 2 and June 19, 2014.

Original article can be found here.