Job prospects Compensation Officer in Canada
Explore current and future job prospects for people working as a "compensation officer" in Canada.
Job opportunities over the next 3 years
These outlooks were updated on November 29, 2023.
Breakdown by province and territory
Explore future job prospects by province and territory.
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Labour market conditions over the next 10 years
Take a closer look at the projected labour demand and supply for this occupation over the 2022-2031 period. For more information on future job trends, go to the Canadian Occupational Projections System.
Summary
BALANCE: Labour demand and labour supply are expected to be broadly in line for this occupation group over the 2022-2031 period at the national level. The section below contains more detailed information regarding the outlook for this occupational group.
Employment in 2021
140,100
Median age of workers in 2021
42
Median retirement age in 2021
64.0
Detailed analysis
In order to determine the expected outlook of an occupation, the magnitude of the difference between the projected total numbers of new job seekers and job openings over the whole projection period (2022-2031) is analyzed in conjunction with an assessment of labour market conditions in recent years. The intention is to determine if recent labour market conditions (surplus, balance or shortage) are expected to persist or change over the period 2022-2031. For instance, if the analysis of key labour market indicators suggests that the number of job seekers was insufficient to fill the job openings (a shortage of workers) in an occupational group in recent years, the projections are used to assess if this situation will continue over the projection period or if the occupation will move towards balanced conditions.
The analysis of key labour market indicators such as job vacancies and employment growth as well as the unemployment rate suggests that the supply was sufficient to fill the demand in this occupational group over the 2019-2021 period.
For Human resources professionals, over the period 2022-2031, new job openings (arising from expansion demand and replacement demand) are expected to total 48,600 , while 46,100 new job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill them.
As job openings and job seekers are projected to be at relatively similar levels over the 2022-2031 period, the balance between labour supply and demand seen in recent years is expected to continue over the projection period. A more detailed analysis of the outlook of this occupation will be released in the coming weeks.
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