OTTAWA (February 22, 2007) -The Advanced Technology Employment index, powered by CATAAlliance and Monster Canada, soared 14 points or 19 percent monthly increase in January, as Canada online job demand bounced back from the seasonal decline historically observed in December.
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, "After registering an expected decline in December, the Advanced Technology Index rebounded sharply in January. This is an indicator that the robust hiring activity that occurred across the Canadian advanced technologies sector in 2006 will continue through the first quarter of 2007. With 29 points above its twelve months baseline average, the Index now stands at 129, and is up 17 points, or 15 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 January the Index showed:
Over 1,785,810 searches for jobs jobs in Advanced Technologies categories were conducted on Monster.ca.
The following categories had the most job searches for Advanced Technology positions during the month:
Reid noted that, "CATA members will gain valuable insights into the competition for skilled IT workers. Knowing how much demand currently exists for the different types of IT positions in each province enables hiring managers to proactively adjust their recruitment strategies to become the employer-of-choice so that they can lure top talent away from the competition. We are forecasting future talent shortages in a highly competitive global talent marketplace. As an Innovation Nation, Canada must adopt best practices in the attraction, retention and training of best talent."
CATAAlliance (Canadian Advanced Technology Alliance) and CIPS (Canadian Information Processing Society) recently announced a partnership between the two organizations aimed at addressing many of these talent issues.
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.