The NEO is calculated by subtracting the percentage of employers who expect staffing reductions from those who plan to hire.
Overall, 43% of Canadian employers expect to increase their workforce in Q4 2024, based on the global survey of 40,000 participants in 42 countries. Meanwhile, 41% anticipate no change and 15% foresee layoffs.
As the holiday season approaches, Amazon is ramping up its workforce across Canada, announcing plans to hire more than 9,000 full-time, part-time, and seasonal employees.
The Northern Territories are projected to have the most robust hiring environment, with a NEO of 42%, followed by Quebec at 29%. In contrast, the Atlantic Territories are expected to see a 10% decline in hiring intentions, the only region in Canada forecasting a drop for Q4. Year-over-year, the Atlantic Territories also saw the largest decrease, down 13%, according to ManpowerGroup.
Compared to last quarter, the only region expecting a decline is Atlantic Territories at -10%. The same region also had the largest year-over-year decrease, at -13%.
