Canada, otherwise the Great White North, is an amazing place in North America. There is everything - from ice-cold sites to valleys and rivers in this place. Canada has a rich biodiversity, and there is a mixture of culture and traditions. Like the famous Canadian Poutine, every layer is different, but the heterogeneous composition gives it a very divine taste in every bite.
According to the article "COVID-19 in Canada: A self-assessment and review of preparedness and response" published in the Journal of Global Health, the country's stability was overthrown by the spread of the coronavirus. Even though the country took necessary safety measures and preventions, the economic support system wavered. There was a dip in the trade and industrial sector developments, which in turn reflected in the Gross Domestic Product (GDP).
Currently, the government rules and regulations are helping to fight against this crisis. Other than the strict preventive measures, financial support is also provided. Gradually, Canada is rising from the aftermath of the pandemic.
Overview of Canada
Population: 37.6 Million (According to United Nations Worldometer data on June 30 FY21)
Gross Domestic Product (GDP): Around 1.74 lakh crores USD (FY19)
According to the article published by the OECD website, in 2021, the GDP in Canada would rise by 6%. This growth is expected to continue in the year 2022 by about 3.8%. In 2020, during the pandemic, the economy contracted by around 38%. But now, in 2021, the GDP rates are increasing gradually, according to the data available. It all points out the impact made by the pandemic across the globe. It affected exports and imports of all countries simultaneously.
But the demand for skilled workers and qualified persons is also increasing day by day. The economic sector is expected to bounce back quickly after the pandemic all over the world. The consumption rate is increasing daily, and the export sector will soon return to its previous state. According to the article published on the BDC* website, the re-bounce is highly dependent upon the coming waves of the pandemic.
Canada has faced challenges due to the pandemic. The trade and services have been less active during the time. The USA is the major export and import partner of Canada; hence, like the USA, in the last quarter of 2020, there was a decline in the GDP rates.
The GDP rates in the first quarter fairly grew. By the second financial quarter Q2, the economy is expected to bounce back to the previous level. As soon as the export springs internationally, the conditions would be better.
The economy is based on the Canadian dollar. The market options in Canada can't be explained in words. Canada is equipped for capital investment from foreign countries. The service sector provides the major portion of jobs, while the energy sector is the next important area in Canada. The average wage in Canada is about $4250.
The major sectors in Canada which provide the most revenue are -
- Service sector
- Industries and manufacturing
- Energy sector
- Health and Insurance
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Average Cost of Living in Canada
Like every other place, the cost of living in an area varies due to individual differences. It also depends on the number of family members and the buying power. The location of the region of living like the city center, urban, and rural areas also contribute to the variations in the costs.
Living Expenses in Various Regions in Canada in FY21
Cost of Renting a House Based on Location in FY21
Average Monthly Income
The range of salaries varies for various job profiles. This average salary does include all the benefits. Salaries vary drastically between different careers.
The Minimum wage in Canada varies from $11 to $15 per hour, while the Federal minimum wage is $13. The federal minimum wage is going to be increased to $15 everywhere by the end of FY2021.
The salary scale varies from $800 to $5000 based on the types of work. The range of salaries and living expenses in Canada city is comparatively a bit higher than the rural outskirts.
The Status of Remote Work in Recent Times
The Bureau of Labor Statistics data recently stated that during the pandemic period, unemployment was at 14.85% around the world.
The struggling economy is trying to make its return, and there are ample amounts of employment opportunities. During this period there has been a rise in the number of work-from-home jobs. But these jobs do require skilled labor in specified regions. The need for home-based work became a boon to the remote workers since they have flexibility in their work; also, they are shown to be more productive. Travel and unnecessary chaos in the morning had settled down to peaceful work routines balancing life.
The Statistical Reference Guide for Recruiters, 40+ Stats For Companies to Keep In Mind for 2021 by Glassdoor is written in favor of remote work. It predicts that 26.7% of workers overall will continue working remotely in 2021.
There are many factors like safety due to health concerns and time management balancing work and family life. According to their research, a large number of people like to work remotely. It is evident from the rise in the number of work-from-home jobs. So, companies with flexibility and attractive packages can grab quality talent.
Companies can look at the Employer of Record Canada option to enable a remote team.
Remote Working Options in Canada
Canada has many opportunities to invest in designing (web pages), security, contact, and analysis jobs. They include;
- Social Media Marketing and Marketing Executives
- English Language Support Agent
- Financial Services like Data Analysts, Accounting, Financial Advisors
- Internet Security and Data Handling
- HR Management: Business developer, Recruiters, Supervisors, Consultants
- Customer Support and Services
- Content and Copywriting
- Engineers: Mainly Data Engineers, Software Engineer, Quality Control Heads for construction of buildings
The top job profiles opted for, and the skills required for them are as follows:
Specific Skills Required for Remote Jobs
- Computer knowledge: There is no doubt that we live in the knowledge-explosion era dominated by the development in IT. Continuous work is possible in the most challenging times only with the support of computers, mobiles, and digital media. So the workers are expected to have skills ranging from simple software operations and accounting to cloud computing or AI.
- Communication skills (preferably in English): In Canada, foreigners, as well as fresh graduates, could easily get hold of jobs in teaching English and languages. English is a globally accepted language. Hence we could get in touch with almost 50% of the globe by knowing English. Also, the rise in the number of online stores requires many people to work behind the websites and manage sales. From the data entry of their products to customer care and support, good language skills are required. Fluency, as well as simplicity of the language, is expected from the workers. Bilingual jobs fetch more salaries in Canada. So knowing more than one language surely helps.
- Developmental mentality: The mentality to grow in the field in which they are interested and explore options for multidisciplinary approaches adds to their ability to improve the quality of work relative to their previous works. Many companies thoroughly check and value the quality of the work performed by their workers to ensure the quality of their work and services.
- Critical thinking and higher-order problem-solving capacities: To resolve the customers' problems and suggest possible options, logical thinking is required. Also, skills have to be developed to develop higher-order thinking to provide new and authentic content.
- Flexibility and time management: To meet the deadlines and find a work-life balance, the workers should know the art of planning. This reduces stress and makes the available time more productive.
What Do Employers Need to Know Before Hiring?
These are the essential labor laws that the employer needs to know about recruiting:
How Can Skuad Help You with Hiring in Canada?
Hiring in Canada is a multi-faceted task requiring in-depth knowledge of the laws, trends, and hiring and living costs city-wise, and more. Skuad comes onboard as a one-stop solution handling every minute aspect of recruitment. It gives you the freedom and time to focus on your project and expansion plans without hiring stress. Connect with Skuad Experts to know more.