By Canadian HR Reporter | Link to Article
Conditions are ripe for investments at mid-sized companies in Canada over the next six months, according to a global survey by American Express.
By Canadian HR Reporter | Link to Article
Conditions are ripe for investments at mid-sized companies in Canada over the next six months, according to a global survey by American Express.
Revenues are reported to be up year-over-year (66 per cent) and a large majority (88 per cent) of mid-sized Canadian companies are confident they can access the capital they need to grow.
More than eight in 10 firms (81 per cent) plan to make an investment in human capital and hire staff over the next six months. And while this is a global trend, Canada is the most likely of the seven countries surveyed to report plans to hire (The survey was also conducted in the United States, Mexico, Germany, the United Kingdom, Australia and Japan.)
Hiring appears to be on the upswing at mid-sized companies. More than one-half (59 per cent) said they currently have more employees than they did one year ago. Among those planning to add staff, 47 per cent said they need to hire to support business volume.