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September 30, 2021

Canada’s banking and payments industry IT recruitment activity rises 7.6% in August 2021

By Verdict Staff

Canada’s banking and payments industry registered a 7.6% rise in IT hiring activity in August 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring increased by 6.18% in August 2021 when compared with July 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 15.18% share in August 2021, recording an increase of 0.71% over the last three-month average share.

Top five job classifications in Canada’s banking and payments industry’s IT recruitment activity in August 2021

Out of the total job titles, the top five roles commanded a 98.76% share in the overall IT recruitment activity of Canada’s banking and payments industry in August 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 58.04% in August 2021, registering a 5.39% flat growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 16.7% share, an increase of 6.14% over the previous month.

3) Computer and Information Analysts held a share of 9.66%, registering a 29.63% rise from July 2021.

4) Database and Network Administrators and Architects captured a share of 9.66%, up 41.41% over the previous month.

Top five banking and payments companies in Canada’s IT recruitment activity in August 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 46.87% share in the overall IT recruitment activity of Canada’s banking and payments industry during August 2021 over July 2021.

Royal Bank of Canada posted 309 IT jobs in August 2021 and registered a rise of 0.65% over the previous month, followed by The Bank of Nova Scotia with 287 jobs and a 34.74% growth. Citigroup with 177 IT jobs and National Bank of Canada with 94 jobs, recorded a 247.06% flat growth and a 62.07% flat growth, respectively, while John Hancock Investors Trust recorded an increase of 677.78% with 70 job postings during August 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 56.87%, up by 7.85% from July 2021. Mid Level positions with a 30.92% share, registered an increase of 6.67% compared with the previous month.

In the third place was Entry Level job ads with 7.94% share, up 15% over July 2021, while Senior postings accounted for 4.28%, recording a month-on-month increase of 195.24%.

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