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Canada Fact Sheet - Talent Intelligence Outlook 2016

Issue link: https://insights.randstadsourceright.com/i/766053

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TALENT MANAGEMENT ROBOTICS Ro TALENT FLEXIBILITY Tf ARTIFICIAL INTELLIGENCE WORKFORCE STRATEGIES Ws TALENT INNOVATION Ti RESOURCING STRATEGIES Rs RECRUITMENT R CONTINGENT WORKFORCE Cw WORKFORCE MANAGEMENT Wm WORKFORCE MANAGEMENT Wm MANAGED SERVICES PROGRAM MsP CONTINGENT TALENT Ct CANDIDATE EXPERIENCE Ce AUTOMATION Au GIG WORKERS Gw TECHNOLOGY TOOLKIT Tt TECHNOLOGY TOOLKIT Tt CAREER TRANSITION SERVICES CtS STATEMENT OF WORK SoW SUPPLIER MANAGEMENT Sm VENDOR MANAGEMENT SYSTEM VmS HUMAN INTELLIGENCE Hi PREDICTIVE ANALYTICS Pa EMPLOYER VALUE PROPOSITION EvP TALENT CONSULTANCY Tc www.randstadsourceright.com talent intelligence outlook: Canada facts Growth expected to slow in Canada, but human capital leaders still see expansion in the next 12 months More than half of Canadian human capital leaders reported business growth outpaced expectations in the past 12 months, but they were less optimistic about the next 12 months. Even so, three-quarters believe their companies will continue to expand, but at a slower pace. They were also upbeat about how the current stable political environment in Canada is having a positive impact on business and will lead to more growth opportunities. As a result, companies in Canada will aggressively hire in the next 12 months; 63% will hire extensively to keep up with growth and to stay ahead of the competition, and 28% will do so to support anticipated growth. Adding headcount isn't the only way Canadian companies will address higher demand, as 72% believe artificial intelligence and robotics will have a very positive effect in addressing workforce challenges. It's not surprising that this group cited employee self-service tools as one of their top three technology investments. As a result, automation may lead to reductions in headcount in certain functions. A large group of Canadian respondents said fewer workers will be needed in customer service and operations, but some businesses expected greater demand for sales and HR specialists. Three takeaways • Canadian human capital leaders say digitalization of HR will influence business in the next 12 months – in line with their belief that automation is a positive development. • With a stable government in place following last year's country-wide election, they see the current environment as conducive to business. • Most (86%) believe they have made an appropriate level of investment in talent innovation, indicating they are likely to maintain that level in the near future. Canadian human capital leaders are slightly optimistic about the road ahead OUTLOOK FOR BUSINESS GROWTH IN THE NEXT 12 MONTHS PROJECTED HIRING FOR THE NEXT 12 MONTHS 63% 28% 21% Hiring is picking up after a strong previous 12 months Will hire extensively to keep up with growth and stay ahead of the competition Will hire extensively to keep up with anticipated growth Will hire for a few strategic positions 74% Will grow slightly (74%)

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