The Canadian banking and payments industry experienced a 21% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by TD Canada Trust with 1,919 job postings according to GlobalDataâ€™s analysis of banking and payments company job postings. Buy the report here.
Notably, Office and Administrative Support Occupations jobs accounted for a 21% share of the Canadian’s banking and payments industry new job postings in Q2 2023, down by 24% over the prior quarter.
Office and Administrative Support Occupations drive banking and payments hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Office and Administrative Support Occupations, which accounted for 21% of the total new job postings in Q2 2023 and were down by 59% year-on-year. Second highest were Business and Financial Operations Occupations, which accounted for 15% and drop by 69% year-on-year, and third highest were Management Occupations, which were 24% of the new job postings and 62% lower year-on-year.
Top five companies in banking and payments accounted for 59% of hiring activity
The highest number of jobs were posted by TD Canada Trust with 1,919, followed by Royal Bank of Canada with 1,810, while the highest increase was at Canadian Imperial Bank of Commerce at 128%.