The payroll and workforce-management software company will hire engineering, R&D and consulting employees at its operational headquarters in Toronto, as well as in Ottawa, Montreal, Winnipeg, Halifax and Calgary. The firm said it has averaged 300 new Canadian recruits a year since 2013. (The Logic)
Talking point: Ceridian is staffing up after a significant growth year; last week, it disclosed 2019 revenues of US$569.7 million for its flagship Dayforce product, up 30.2 per cent. While the U.S. and Canada accounted for 99.6 per cent of revenue in 2018, the firm is now growing rapidly in non-North American markets. In September 2019, CEO David Ossip told The Logic Ceridian planned to launch Dayforce in more than a dozen new countries over the following three years, in part via acquisitions. While those deals bring in locally knowledgeable staff to sell its products, the firm spends up to $2 million on R&D and updates to prepare the system for a new market. Growing its Canadian development teams could help with those efforts, as well as its pursuit of clients with increasingly larger workforces.