How many employees work at Varsteel?
Varsteel Ltd. has approximately 478 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Varsteel’s total headcount has declined 11.1% from 538 employees in 2023 to 478 in 2026.
Is Varsteel hiring right now?
Yes, Varsteel is actively hiring. Varsteel had 30 active job postings in 2026, a 60.9% increase from 2025 — see job openings & hiring trends.
About Varsteel’s Workforce
Varsteel Ltd. is an Industrial Manufacturing company that employs 478 people worldwide as of March 2026. It is the 10th-largest by headcount among its peers. Founded in 1953, the company is headquartered in Calgary, Canada.
Varsteel's workforce has declined 11.1% from 2023 to 2026, down 0.2% year over year in 2026. It fell to a low of 472 in 2025 Q4 before recovering. Its workforce is concentrated most in North America (100.0%).
Varsteel's functional groups are Sales and Marketing (40.9%), Finance and Operations (35.2%), and Engineering (23.8%), with Sales and Marketing growing fastest (up 1.0%). The average salary is $54,427, highest in North America at a median of $44,000, up 2.4% year over year in 2026.
Varsteel's active job postings rose 60.9% in 2026 to 30, with new postings per month climbing from 22 in 2023 to 23 in 2026. Overall employee sentiment is neutral but improving.
Sourced from Revelio Labs workforce data.
- Headquarters
- Calgary, Canada
- Founded
- 1953
- Industry
- Industrial Manufacturing
- Employees
- 478
- YoY
- -0.2% (-18)
As of March 2026
Varsteel workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Varsteel. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsVarsteel Annual Employee Count (2023-2026)
- Varsteel had 478 employees in 2026, a 0.2% decline (-18) from 2025.
- Varsteel had 472 employees in 2025, a 0.8% decline (-23) from 2024.
- Varsteel had 495 employees in 2024, a 2.5% decline (-47) from 2023.
- Varsteel had 542 employees in 2023, a 4.4% increase (+23) from 2022.
Varsteel's total workforce has grown from 472 employees in 2025 to 478 in 2026. Varsteel's headcount peaked at 554 in 2024 before declining in 2025 and recovering through 2026.
Varsteel Ltd. quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 478 | -18 | -0.2% |
| 2025 | Q4 | 472 | -23 | -0.8% |
| 2025 | Q3 | 483 | -37 | -2.8% |
| 2025 | Q2 | 499 | -45 | -2.2% |
| 2025 | Q1 | 496 | -58 | -3.2% |
| 2024 | Q4 | 495 | -47 | -2.5% |
| 2024 | Q3 | 520 | -32 | +1.4% |
| 2024 | Q2 | 544 | +6 | +1.7% |
| 2024 | Q1 | 554 | +38 | +4.3% |
| 2023 | Q4 | 542 | +23 | +4.4% |
| 2023 | Q3 | 552 | +58 | +4.1% |
| 2023 | Q2 | 538 | +39 | +5.4% |
See Varsteel's complete headcount history, including quarterly breakdowns.
Get the DataVarsteel Employee Count by Region (2026)
North America accounts for the largest share of Varsteel's global workforce with approximately 100% of total employees.
Varsteel employees by region
| Region | Employees | % of Total |
|---|---|---|
| North America | 478 | 100.0% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataVarsteel Employee Count by Department (2026)
Varsteel's employee groups are Sales and Marketing (40.9%), Finance and Operations (35.2%), and Engineering (23.8%).
Varsteel employees by department
| Department | Employees | % of Total |
|---|---|---|
| Sales and Marketing | 196 | 40.9% |
| Finance and Operations | 169 | 35.2% |
| Engineering | 114 | 23.8% |
Compare Varsteel's department mix to industry peers.
See Full DataVarsteel Employee Salary by Region (2026)
Varsteel's average employee salary is $54,427 globally. Employees in North America receive the highest compensation.
Varsteel median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $44,000 |
Unlock salary by role, level, and city — and compare to Varsteel's industry peers.
Unlock Salary DataVarsteel Job Openings and Hiring Trends (2023-2026)
- Varsteel had 30 active job postings in 2026, a 60.9% increase (+16) from 2025.
- Varsteel had 14 active job postings in 2025, a 56.4% decline (-11) from 2024.
- Varsteel had 25 active job postings in 2024, a 0% no change from 2023.
- Varsteel had 25 active job postings in 2023, a 21.4% decline from 2022.
- Hiring velocity in 2026: 23 new roles/month, up from 20 in 2025 and 24 in 2024.
Varsteel's hiring is accelerating: active job postings rose 60.9% in 2026 to 30, with new postings per month climbing from 22 in 2023 to 23 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataVarsteel Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Varsteel's workforce based on public professional data. Overall sentiment is neutral and has improved year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Unlock SentimentSimilar Companies
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Frequently Asked Questions About Varsteel
- How fast is Varsteel growing?
- In 2026, Varsteel's headcount shrank 0.2% to 478 employees, down from 496 in 2025.
- See the full headcount history
- Where are Varsteel employees located?
- Most Varsteel employees are based in North America (100.0% of headcount).
- Explore where the workforce is based
- What is the average salary at Varsteel?
- The average employee salary at Varsteel is approximately $54.4k per year.
- Analyze the salary distribution
- How many new job postings does Varsteel open per year?
- In Q1 2026, Varsteel opened 68 new job postings. In 2025, Varsteel opened 243 new job postings — about 20 per month.
- Track hiring trends by role
- When was Varsteel founded and where is it headquartered?
- Varsteel was founded in 1953 and is headquartered in Calgary, Canada.
- Compare Varsteel to industry peers
Speak with a workforce expert about Varsteel.
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