Early in October, the CBC reported a story on new job creation across the country and how this is a further step in the right direction for the Canadian economy. The headline reads “Canada surprises with 52,000 new jobs in September,” and demonstrates that the Canadian job market continues to improve. Of these new jobs, the majority (44,000+) were new full-time positions.

Ontario (along with Manitoba) led the way in job creation, which is great for those job seekers in the province looking for work. Also important is that, as BMO economist Doug Porter states, "The underlying trend in Canadian employment is surprisingly stable."

So what then does this mean if you are a company with an open position? Although it may be great for the Canadian economy and even better for those individuals actively seeking out employment, it does not necessarily mean great gains for you. As the supply of jobs increases, the pool of skilled talent decreases. Your power as an employer can significantly decrease if you go about your talent acquisition process the wrong way. For example, an individual searching for a new job now has more to choose from, meaning that they have the upper hand both in choice and negotiation.

Since this supply and demand trend has shifted over the past few months, it is clear that relying on the traditional talent acquisition methods is not always the way to go. Just because new jobs are created doesn’t mean that the top talent is necessarily out there when trying to fill those positions. Even as Canadian employment continues to strengthen, many professionals may feel safer and more secure in their current positions, even if they are not totally happy or if they desire a change.

Here is where an experienced executive search firm makes all the difference. By working with an executive search firm to fill a vacant position, you are not only taking advantage of the firm’s ability to find those individuals looking for the right job, but their ability to find those that may not be actively searching. Having developed a strong and vast network, a reliable and efficient executive search firm will be able to get you in touch – confidentially – with those individuals that best fit your company – whether they are looking for a new job or not.

Aside from finding the best candidates (whether actively looking or not), an executive search firm will be able to take over the entire hiring process, from candidate selection to assessments, leaving you free and saving you money.

Just because the economy improves, doesn’t mean that your ability to find the best person to fill a vacant position will as well. Effective talent acquisition, now more than ever, requires strategy and planning. Taking on this task alone may seem daunting. Instead, working with an executive search firm to find top talent makes the whole process smooth and easy. It also means that you are able to draw from a much wider – but more appropriate – candidate pool.

For more information about the benefits of working with an executive search firm, please contact Permanent Search Group by calling 1-905-276-2006 or visit www.permanentsearch.com