Revenues have jumped for mid-sized Canadian companies and with that comes the need to hire, says an American Express business survey.
The majority of mid-sized businesses (85%) have plans to hire this year with 38% saying they are hiring full time and 13% hiring for part time.
More than half (61%) of mid-sized companies who are planning to hire staff report a need to hire in order to support business volume, compared to 47% last year.
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Additional reasons for hiring include:
- new business venture (30%);
- company finally finding the right candidate/positions that they have been trying to fill for some time (21%); and
- seasonal help (19%).
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Almost half (48%) also stated turnover at the organization is steady, but not a concern as they continue to retain high performers. Thirty percent attributed employee retention to mission and culture—an increase of nine percentage points compared to last year (21%).
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