OTTAWA (January 25, 2007) -The Advanced Technology Employment index, powered by CATAAlliance and Monster Canada, dropped 17 points in December, after registering three consecutive months of growth. The Index's sharp decline reflects an expected seasonal slowdown in hiring that typically occurs at the end of the year.
The Advanced Technology Employment Index provides a monthly measure of on-line job demand and is designed to highlight key labour market trends in Canada. Based on data culled from Monster.ca and other Canadian recruitment Web sites believed to be representative of employer on-line hiring activity nationwide, the Index enables extensive real-time analysis of on-line recruitment trends by occupation, region and major metropolitan areas.
CATAAlliance President John Reid, observed, "With 15 points above its twelve months baseline average, the Index now stands at 115, and is back to its July's level, after registering it all time high in November. However, the Index is up 18 points, or 19 percent, on a year over year basis."
He added, "Despite a seasonal decline in December, the long term trend is positive, an indicator of the robust hiring activity across Canadian economy in general, and more specifically for occupations in the advanced technologies sector.
In December the Index showed:
- Only five of the 21 occupational categories edging up while 15 slipped lower and one - Healthcare Records and IT - remained stable.
- Online job opportunities going down by an estimated 30% in the Engineering category, which registered the most important drop, followed by Energy/Utilities and Information Technologies. In these three categories only, an average of 5,000 less job opportunities were created, compared to the preceding month.
- On the other hand, activity in the Aerospace/Aviation/Defense category increased by 45%. Online demand for workers also increased in Healthcare-Laboratory, Telecommunications, Computer Hardware and Healthcare-Optical categories.
- The only province exhibiting a surge in the month was Prince Edward Island. The remaining Atlantic Provinces dipped by an average of 7 points month-over-month. Manitoba experienced the sharpest decline, but the province still remains 59 points over its 12 months baseline average. Ontario also registered a sharp decline, losing 24 points. But overall, eight of the ten provinces finished the year with increases of at least 17 percent in online recruitment activity. On a year-over-year basis, eight provinces finished the year with increases of at least 17%.
Over 1,176,765 searches for jobs in Advanced Technologies categories were conducted on Monster.ca in December.
The following categories had the most job searches for Advanced Technology positions during the month of December:
The following categories had the most job postings for Advanced Technology positions during the month of December:
|l.||Information Technology |
||Computer Software |
||Biotechnology and Pharmaceutical|
Adjusted to total working population, the Advanced Technology Employment Index Canada found the following provinces to be the top six in terms of online job availability during the month of December:
||Prince Edward Island|
Reid concluded, "Knowing the demand side of the different types of IT positions in each province enables hiring managers to proactively adjust their recruitment strategies so that they can better profile themselves as employer-of-choice for top talent. As an Innovation Nation, Canada must adopt best practices in the attraction, retention and training of best talent."
To help CATA members optimize their recruitment strategies and reduce their time and cost to hire, consultants from Monster Canada will speak at select CATA-hosted events and provide guidance on human resource research into best practices. There they will share more than 12 years of industry best practices that Monster Canada has accumulated since inventing on-line recruiting.
CATA members will also receive a special discount when purchasing select job posting packages with Monster, and secure visibility in front of Canada's largest pool of job seekers.
Monster Canada (www.Monster.ca) is Canada's leading career management portal - a bilingual, user-friendly online resource that is revolutionizing job seeking and recruitment. Headquartered in Montreal, Monster Canada is part of Monster, the leading global online careers and recruitment resource. Monster was founded in 1994 and is headquartered in Maynard, Massachusetts. Monster has 34 local language and content sites in 32 countries worldwide. Monster is known for connecting quality job seekers at all levels with leading employers across all industries and offers employers innovative technology and superior services that give them more control over the recruiting process. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.monster.ca.
Canadian Advanced Technology Alliance (CATAAlliance) (www.cata.ca) is Canada's leading, most influential and entrepreneurial technology alliance. It is committed to growing the global competitiveness of its members, 80% of which are currently active exporters. The common purpose that unites the membership is CATAAlliance's commitment to members' business growth. With offices across the country, we are focused on the provision of business services and government relations programs that conserve and leverage member resources. Because members are action-oriented businesses, CATAAlliance responds with action when members need specific services or activities. The "Traditional Champion" of Canadian research and development, CATAAlliance's mission is to stimulate "Global Business Growth" through the forces of Canadian innovation and strategic partnership.Visit www.cata.ca