Skill-based hiring is a hot topic these days, and one of the key processes in this approach is skills mapping. At its core, skills mapping as an exercise identifies key proficiencies for departments or roles and acts as a stepping stone toward a more formalized skills taxonomy. To read more about the value of a skills taxonomy, read our skills-based hiring report here where we go in-depth on skills taxonomies and ontologies to achieve better workforce planning.
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Canada's hiring landscape has been undergoing significant shifts according to data from WilsonHCG's labor market intelligence platform. Over the past year, the number of job postings has seen a notable fluctuation. In October 2023, there were 476,984 job postings. However, by December 2023, this number plummeted to 369,867, marking a staggering 22.5% decrease. The downward trend continued into early 2024, with January ( -5.2%) and February (-5.9%) seeing further declines.
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Project recruitment process outsourcing (RPO) has many definitions floating around in the market. Rather than sticking to rigid definitions, we work with our client partners to define their recruitment needs and create a dynamic project RPO solution. When an organization’s looking to augment its recruitment team or function, we consider a variety of business drivers to configure the right approach. Project RPO, on the other hand, leans into a timelier approach that’s more pointed at a specific objective rather than a huge overhaul of an entire talent function.
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The popularity of fractional executives has surged, particularly over the last few years. And it’s not hard to see why. By bringing in strategic expertise on a part-time basis, organizations can access essential leadership skills while maintaining lean overheads. This is particularly beneficial during times of economic uncertainty when all new hires are closely examined, especially at the executive level.
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