Canada’s biggest banks go on hiring spree despite tight labour market, rising inflation

Canada’s biggest banks started fiscal 2022 on a hiring spree, adding staff despite a tight labour market, especially to boost digital capabilities.

But not adding staff when clients are seeking more advice and personalized solutions and better digital offerings would hurt longer-term growth, he added. Carolyn Hamer, partner at Deloitte focused on workforce-related issues, said the banks are trying to plug the digital gaps they recognized during the pandemic and are starting to get more aggressive as they compete with large technology firms.

BMO is offering remote working flexibility, particularly to technology workers, if their roles allow, she added.employee growth peaked in the third quarter of 2021 but it is still expanding its technology work force, after adding 2,000 technology jobs last year, about half of those external hires, said Helena Gottschling, chief human resources officer.

Well hopefully the ageism they had is gone now. They routinely tried to get people to quit before they hit retirement age, so 50+ you had a target on your back.

They can afford it

Tax the banks. Make them pay their fair share. We all struggle while banks have billion dollar profits, because the system is rigged in their favour.

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