27th January 2011

OCRI Study Shows More Companies Fewer Employees

OCRIOCRI’s annual Knowledge-based Industry Survey shows that as of December 31, 2010, the number of companies in Ottawa’s knowledge-based sectors has increased by 4.7 per cent while the number of employees has decreased by 4.4 per cent.

OCRI collects and verifies information provided by the companies to present the most complete picture of Ottawa’s technology industry across 12 unique industry sectors. The most current data indicates an increase of 4.7 per cent in the total number of companies to 1,944 up from 1,857 last year. The largest growth was seen in small companies with one to nine employees (up 11.4 per cent) and those with 100 to 499 employees (up 10.1 per cent). Overall, the number of employees has decreased from 78,067 to 74,611 or down 4.4 per cent. The most significant changes in employment can be seen in large companies with more than 500 employees (down 14.3 per cent).

Knowledge Study Image Credit: OCRI

“It is encouraging to see growth in the number of small companies. While 2010 was a successful year in many regards it wasn’t without significant challenges. Anchor companies in the knowledge-based sector look very different than they did a few short years ago,” says Claude Haw, President and CEO, OCRI. “As we begin 2011, it is critically important that we continue to focus on these key areas – developing and supporting Ottawa’s entrepreneurial culture, attracting investment, supporting the commercialization efforts of our emerging companies and aggressive promotion of Ottawa as a destination of choice for investors, entrepreneurs and multinationals.”

The biggest winner in the region is the Digital Media sector posting a 54 per cent increase in the number of companies and 50.9 per cent increase in the number of employees. Well accepted as a trend to watch in 2011, digital media, which includes mobile apps, gaming and animation, is likely to see even more activity in 2011.

For the fourth year in a row, the cleantech sector demonstrated growth. The number of companies has grown from 114 companies to 138, an increase of 21.1 per cent while the number of employees grew 22.1 per cent, up from 2,567 to 3,135. Please see the Study’s information page for more graphs.

According to the survey, IBM (including IBM Software Lab and IBM Canada) is the region’s largest knowledge-based industry employer with 4,000 employees followed closely by Bell Canada with 3,258 employees. The loss of Nortel, which posted 3,000 employees in last year’s survey, did factor into the overall loss even though Ciena, Avaya, Ericsson and GenBand did acquire most of this staff.

This entry was posted on Thursday, January 27th, 2011 at 5:15 pm and is filed under Business News, Research Studies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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