'Even in a volatile job market, competition for critical talent remains intense'
Despite recent challenges in the labour market, companies around the world have increased their hiring efforts compared to five years ago, according to a recent report.
Overall, organisations’ external hiring levels have grown by 18% since 2019, reports Visier.
This is the case even though hiring has dropped by 9% since 2022.
Canada’s job market rebounded in June this year, posting its first significant employment increase since January, according to a previous Statistics Canada (StatCan) report.
Hiring growth across sectors, jobs
The following sectors saw the largest growth in hiring volumes, according to Visier’s analysis based on data from 150 enterprise-sized companies globally:
“Over the last five years, the job market has undergone a significant transformation, with digital skills now being crucial across all sectors, not just traditional Tech. While the Technology sector has led growth, its resilience highlights a broader shift where digital proficiency is paramount,” reads part of Visier’s Top Jobs Report 2025: Job market insights to guide hiring and upskilling.
“In Finance, despite market volatility, the sector is increasingly reliant on fintech innovations. This requires finance professionals to be adept with digital platforms and data analysis. Similarly, healthcare experienced a boom driven by the pandemic, with continued growth in telemedicine and digital health solutions requiring a workforce skilled in digital tools.”
Meanwhile, the following are the fastest-growing jobs:
More than half of Canadian employers have appointed chief artificial intelligence (I) officer, according to a previous report from Amazon.
Meanwhile, the following jobs have seen the biggest declines in hiring since 2022:
- machine operator (33%)
- relationship banker (32%)
- office assistant (30%)
- application developer (29%)
- material handler (19%)
Employers are facing a “paradoxical hiring market,” and “data-driven workforce planning in times of economic uncertainty is crucial,” says Visier.
“It helps organisations anticipate hiring needs, identify critical skill gaps, and prioritise digital proficiency. This ensures they are prepared for the evolving demands of the labour market. Even in a volatile job market, competition for critical talent remains intense.”
Previously, one expert called on employers to invest in internal mobility, reskilling, and inclusive hiring to retain talent.
