S.i. Systems Publishes 2023 IT Hiring Report, Labor Rates Up 7%

The 2023 Canadian IT Hiring Trends & Salary Guide is the playbook for successful hiring this year

TORONTO--(BUSINESS WIRE)--S.i. Systems ULC, Canada's largest provider of IT contract staffing, direct hire services, and outsourced contractor payroll services, released its annual report on hiring and salary trends for Canadian IT workers. The 2023 Canadian IT Hiring Trends & Salary Guide provides an in-depth look at how various factors are impacting the Canadian IT talent market while giving employers a practical, current view of IT salaries and hourly wages for eight key IT specialties.

“As the largest IT staffing firm in Canada, our team places tens of thousands of IT professionals in critical roles each year,” said Leonie Tyler, President, S.i. Systems. “This guide uses that data and other sources to give companies a solid prediction for the hiring climate ahead. It’s the only report of its kind.”

According to the report, tech salaries and pay rates increased across the board by 7% in 2022. This was driven by a variety of factors including Canada’s aging population, the borderless nature of remote/hybrid work, and increased demand for IT skills that support or drive digital transformation. In particular, software development saw a record 13% year-over-year rate increase.

“The high remote-ability of software development roles means this talent has no geographic boundaries,” said Jeff Cartwright, Chief Revenue Officer of S.i. Systems. “U.S.-based companies that need to execute on their digital transformation initiatives are increasingly looking north for candidates.”

The report also identifies cyber security and data and analytics skills as experiencing significant increased demand among Canadian employers.

Grounded in actual salary and hourly wage data from S.i. Systems’ clients, this report gives employers a real-world picture of what’s happening in the Canadian IT talent market and continues a conversation about how to take on this challenge.

For more information, or to access the report, please click here.

About S.i. Systems

Founded in 1994, S.i. Systems leverages its robust database of IT professionals to quickly and professionally identify qualified candidates to fill critical positions in everything from entry-level technical support to senior leadership roles. The company, which serves more than a dozen industries with the most in-demand IT specialties, has a 99.23% success rate in matching candidates to contract and permanent assignments with more than 12,000 placements annually. Learn more about S.i. Systems at www.sisystems.com.