Nearly seven in ten employed job seekers once felt stable in their careers but now admit everything feels uncertain. As a result, more than 80% have changed their job search behavior because of economic conditions, with many willing to take lower salaries, accept jobs they’re overqualified for, or even switch industries entirely.
“In times of economic uncertainty, job seekers should focus on adaptability and self-investment,” said Bob Funk Jr., CEO, president and chairman of Express Employment International. “Expand your search, sharpen your skills and stay open to new opportunities, even those outside your comfort zone.”
At the same time, the compensation outlook is tightening with Mercer’s latest compensation survey showing that Canadian employers expect to dial back salary growth in 2026.
Merit increases are projected to average just 2.9%, with total increase budgets hovering at 3.2%, both below the levels delivered in early 2025. Promotions are also set to decline, from 9.8% of employees in 2025 to 8.7% next year. For younger workers hoping to climb quickly, the ladder looks shorter and more crowded.
Compounding these pressures, a new Ipsos survey for CourseCompare reveals that 39% of Canadians aren’t sure a diploma or degree is even worth the cost anymore and among Gen Z, nearly half doubt the value of higher education.