Analysis of challenges to worker recruitment and retention, fourth quarter of 2022

Businesses are aiming to retain employees in order to keep up with increased supply and demand pressures. Based on the results of the Canadian Survey on Business Conditions, most businesses were likely to expect obstacles regarding the retention of current staff as well as the recruitment of new staff in order to fill vacant positions they may be experiencing. Almost half of businesses foresee rising costs of inputs and labour to be an obstacle in addressing staffing challenges. This article provides insights on the topics of challenges of hiring and vacant positions.