The results of Randstad’s latest labour mobility index indicate the amount of Canadian workers actively looking for a new job has increased over the last quarter. Randstad’s employee mobility index tracks changes in the expectation of workers to be employed elsewhere over the next six months. It is measured every quarter as part of Randstad’s Workmonitor, which provides a comprehensive understanding of job market sentiments.
Overall, compared to Q3 results, the Mobility index has risen from 103 to 105 points (levels last seen in Q1 and Q2 of 2011). This increase indicates more employees worldwide expect to be employed elsewhere over the next 6 months.
In a global context, no other country has experienced greater movement in the labour market in Q4 as Canada has, with an increase of 12 points over the last quarter. Belgium (+8), Switzerland (+5) and Argentina (+5) have also seen an increase while Singapore (-7) has experienced a decline in the fourth quarter.
Randstad Canada President Jan Hein Bax says high mobility generates greater opportunities for organizations to attract new talent. “When employees have an increased willingness to change jobs, it means employers have a strong chance of securing the right talent to suit their organizational objectives,” he says.
“At Randstad Canada, we see first-hand the frustrations that many organizations face as they struggle to attract the right talent for their business needs. This task can be particularly difficult when mobility is high and workers are on the move. But the winners in the war for talent will be the organizations that have invested in their recruitment strategies and in their employer brand.”