Diversity in the workplace is an asset for both businesses and their employees. The #MeToo movement might have begun in 2017, but the discussions have continued and will continue well into 2019. Labour market information and statistics can help you plan your career. Some of today’s most important trends in human resource management are using employee diversity as a competitive advantage, improving efficiency through outsourcing and technology, and hiring employees who fit the organizational culture. Insufficient paid work affects almost half a billion people. Feedback; Social Media; Privacy; Disclaimer × Feedback The Canadian labour market by the numbers. Average weekly earnings. 71 Trends in Human Resource Management and Labor Relations What trends and issues are affecting human resource management and labor relations? The increase in public service jobs represents a recovery from a sharp decline in December. Section D - Local labour markets. Staying up to date with employment trends allows you do that in an effective manner. Leading the way on the positive side, there were nearly 34,000 new jobs created in wholesale and retail trade – more than enough to recover December’s losses. New emerging employment trends, as well as trends that been identified over the past few years can help you embrace new ways of thinking about your workforce and evaluate your hiring process. The demographics of the workforce play an important role in labour market trends. When an attempt was made to fix it to identify top talent, the AI became more biased than any reasonable person, making it useless. According to Deloitte’s Human Capital Trends Report 2018, although 85% of the surveyed acknowledged the importance of predictive analytics, only 42% indicated that their organizations were ready to implement analytics at work. There were strong gains across the Maritime provinces as each of the three bounced back from losses at the end of 2018. Tell us what you think about our article on employment trends in the comments section. However, manufacturing wages in January were about 3.2 per cent higher than they were 12 months ago – about twice the year-over-year growth rate for the economy as a whole. Here's a sample of labour market trends that might affect you: Retirement of baby boomers. Initial Public Offering (IPO). This shows that despite all the advancements that technology has made in the past, our data is still at risk. Those figures represent the fastest month-over-month wage increases in about a calendar year. Bias in the workforce can lead to several controversies. These various trends and pressures on the workplace highlight the need for reform of employment standards and labour relations legislation and especially to provide protection to vulnerable workers and those in precarious work situations. But they also highlight the complex trade-offs that are involved and the difficulties in navigating them. Labour Force Survey. Flexibility, holidays and bonuses are a great way to make the job more appealing. Enabling people to work in a collaborative and supportive environment where they can solve problems together and come up with creative and effective solutions to their lines of business is the key to retaining top talent in the workforce. Following two years of little to no growth, average weekly earnings have increased at a relatively fast pace since the fall of 2017. Training will be a critical focal point in 2019. To do so, sexual harassment policies and training need to be up-to-date. This site uses Akismet to reduce spam. Your employees also expect more from your organization. All-Round inclusivity at your workplace is shown to result in better productivity and can help you achieve higher profits. Provincially, the lion’s share of new jobs across Canada were in Ontario, but there were actually solid gains in most provinces. All Rights Reserved. Most candidates who are trained are natural learners with a passion for continuous self-development, and they make for happier and engaged employees. At the industry level, the story was one of strong gains in services-sector employment and weakness on the goods side. The Labour Force Survey is a monthly survey conducted by Statistics Canada which measures the current state of the Canadian labour market. Labour Market Trends. Learn more about work trends and the skills, education and training you need for jobs today, and in the future. There were 5,500 fewer manufacturing jobs across Canada than there were in December – a decline of about 0.3 per cent. LMI Explore (Beta) Visualize Labour Market Information. In 2018, Amazon built an AI hiring tool, which backfired when it started discriminating against women. 8.9 % decrease. In 2019, organizations will focus on trying to make that happen by emphasizing on the company’s workplace culture. At the provincial level, manufacturing job losses were concentrated in Ontario and BC. Tools such as keyword scanners mean that having a well-tailored CV can be the only difference between having your application being passed on to the next stage or discarded. 68% of the surveyed said that they would assess soft skills through social cues picked up during an interview. Pay transparency ensures that companies tackle inequalities such as gender pay gaps. 30 Types Of Business Models, Initial Coin Offering (ICO) vs. Diversity in hiring has always been a trend, and it’s not new by any means. January was also a good month for manufacturing workers on the prairies, as Manitoba, Saskatchewan and Alberta all posted healthy gains. Professional associations - networking websites, business directories, union and professional associations. TalentNeuron™ Labor Market Trends Reports showcase the latest labor market data related to global job and skills demands. There were also 500 fewer manufacturing positions in Newfoundland and Labrador, as that province gave back some of its gains from the fourth quarter of 2018. The new technology suggests that flux and complexity that big organizations are experiencing will continue well into 2019, despite attempts at securing data. To avoid this, the first wave of the interview can be done without these pieces of information, by purely sticking to the abilities and achievements of candidates. There were also notable gains in professional services industries (28,500 jobs), as well as the public service (21,100). Read more about the labour force survey; Resources. In addition many institutions influence and regulate the distribution of workers. Most developed countries are witnessing a progressive drop in their working population. According to data from SEPH, from September 2017 to May 2018, the earnings of non‑farm payroll employees increased by 2.4% or higher on a year‑over‑year basis (Chart 2). By comparison, job growth for all of 2018 averaged out at about 1.3 per cent. Companies will have to do more to make their job offers attractive to their employees. The way we look for jobs means that companies will have to adapt to changing technologies and cultures, as well as match the expectations of a whole new generation of job seekers. A literature enthusiast, an avid reader, a blogger and an admirer of art. The unemployment rate rose from a record-low 5.6 per cent in December to 5.8 per cent last month. According to a survey on global trends conducted by LinkedIn, 92% of the surveyed HR... Work Flexibility. The job market helps you define whether or not your particular skills or trade are sought after in the country you are considering to put down roots. The annual Global Employment Trends (GET) report provides the latest global and regional estimates of employment and unemployment, employment by sector, vulnerable employment, labour productivity and working poverty, while also analysing country-level issues and trends in the labour market. Human resources can use these insights to consider strategies for both short- and long-term workforce planning in today's tight and volatile labor market. Of the 66,800 net new jobs created last month, about 36,000 were part-time, while the remaining 30,900 were in full-time positions (numbers do not add up because of rounding). Many Albertans born between 1945 and 1966 are retired or close to retiring. As of July 2018, wages were officially at their peak and showed no signs of slowing down in the ever-inflating economy. But while this may be good news for job seekers, it’s not so great for recruiters because this has made the process of recruitment harder. A large number of talented young people mostly from developing countries have been hired through this process! Labour market information. Come on! In BC, the loss of 3,500 jobs represented a drop of 2.0 per cent. Find a job: Search for full-time or part-time jobs anywhere in Ontario – or across Canada. Working population. Improved diversity and inclusion at all levels of your organization can go a long way in creating a safe environment where employees feel safe asking for help. Unemployment rates have been steadily falling since 2010 and at the end of 2018, the unemployment rate was below 4%. Overall Labour Market. Mostly as a result of the oil price shock that began in the fall of 2014, average weekly earnings in Alberta trended down from the winter of 2015 to the spring of 2016. In fact, 78% of businesses already believe in having a diverse workforce, and this trend in employment is not going to slow down anytime soon. However, the possibilities of remote working have made it easier to have employees from different parts of the world. When considering a move to a new country, one of the major factors you need to consider is the job market. This problem arises because employees often don’t know how much their co-workers are getting paid, and this can cause trust issues within the workplace. Try a new way of viewing Labour Market Information anywhere in Canada. This publication presents charts and highlights of key trends in Canada's job market. We recommend that you use your own judgement and consult with your own consultant, lawyer, accountant, or other licensed professional for relevant business decisions. Not too long ago, being able to work from home was rare and was considered a perk. On a month-over-month basis, manufacturing wages rose in line with the all-industry average (0.6 per cent in manufacturing, compared to 0.5 per cent in total). There were more than 99,000 new net services jobs created across Canada in January, while employment in goods-producing industries fell by about 32,300 positions. by AllCleared | Jul 3, 2019. Despite the falling rate in unemployment, wages had been stagnant for a long time. In spite of January’s job losses, the unemployment rate in manufacturing fell dramatically compared to December – from 3.9 per cent to 3.4 per cent. The site may also contain links to affiliate websites, and we receive an affiliate commission for any purchases made by you on the affiliate website using such links. That’s why it’s important for organisations and HR practitioners to monitor the state of the labour market and keep an eye on likely developments in the economy. Not only is the job market extremely competitive for job seekers, but it is also competitive for organizations and recruiters alike. Trends and events in Saskatchewan's labour market. All content © Government of New Brunswick. Track job trends. PayScale asked 93,000 people how well they thought they were getting paid, relative to the overall job market. Kim Bingel November 3, 2020 Labour Market Trends to Feel The Impact of Covid-19 and Industry 4.0 2020-11-03T09:22:40+01:00 Business, Czech Republic 28 The labour market will see significant changes within the next ten years, under the influence of the pandemic and the advent of the fourth industrial revolution. Feedough is the one-stop resource for everything related to startups. $1,114.37 increase. B.C. The Canadian job market started 2019 off on a solid note, driven by a surge in services-sector employment in Ontario. According to LinkedIn, job seekers research the reputation of an organization before they can apply for a job with them. The next wave of learning credentials. This has led to the development of a number of different analyses o… The labour force participation rate rose from 65.4 per cent in December to 65.6 per cent in January – its highest level in more than a year. Ontario lost about 3,600 manufacturing jobs to start the year – a decline of about 0.5 per cent. What Is A Business Model? That’s about on par with the rate of inflation, meaning that consumers’ purchasing power is not improving. But times are... Action … Learn about trends and issues affecting your industry or the economy as a whole. One takeaway from Amazon’s high-profile error in an effort to hire a diverse workforce is that there is no simple fix for improving diversity. That being said, employment trends are ever-changing and it is not possible to implement every single trend in the way your organization functions. Section E - Industry, class of worker and occupation Predictive analytics allow the employer to view the employees as a valuable asset to the organization. All told, Canada added 66,800 net new jobs in January (an increase of about 0.4 per cent) and continued a hot-cold pattern that sees solid job gains one month, followed by flat or declining employment in the next. Did we miss something? The Alberta economy lost 15,500 jobs in January (a decline of about 0.7 per cent), adding to the 15,000 lost in December. All rights reserved. While some states in the US have already issued stricter data privacy regulations than the federal government has, attempts are being made to secure data in all industries. With AIs becoming more and more popular in the recruitment process, it is important now more than ever, to tailor your application to the position and company that you wish to apply for. Without that, top talents will seek it elsewhere. Wages and salaries - wage and salary information by occupation and geographic area, plus information on skills shortages in Alberta The Economic Policy Institute analysis of U.S. Bureau of Labor Statistics data showed that while net productivity rose 69.6% from 1979 to 2018, wages only grew 11.6% (after adjusting for inflation). 20,370,300 increase. In a world of rapid change, it is important to embrace transformation and keep an open mind regarding the latest trends of today. This is due to their fast aging population. For instance, Dell has saved an average of $12 million per year with its flexible work programme. January also saw relatively healthy wage gains across Canada as tight labour markets may finally be exerting upward pressure on the cost of employing workers. In 2019, predictive analytics are being increasingly used by organizations to refocus their workforce planning lens from a qualitative one to a quantitative one, which enables them to understand how much every employee is worth to the organization. According to the LinkedIn report, 71% of professionals globally agree that harassment prevention is a very important trend for the present and future of hiring and HR. Employment and unemployment. A complete and up-to-date overview of recent global trends in child labour can be found in the ILO’s report Marking Progress Against Child Labour (2013) 4 produced by the organization’s International Programme on the Elimination of Child Labour (IPEC). Site design: Viva & Co. Whether you are doing workforce planning, hiring, offering career advice or exploring job options, you can get a better picture of the provincial labour force with data and in-depth information provided below. Section C - Provincial and territorial perspective. Employees also need a better balance between work and personal life, and work flexibility allows them to do so. Description: A labour market in an economy functions with demand and supply of labour. It’s also about educational backgrounds, religious and political beliefs, sexual orientations, cultures and even disabilities. Labour Market Outlook from WorkBC; B.C. Technology is partly responsible for this shift in work flexibility. BuildForce Canada continues to monitor the impact of COVID-19 on labour markets. Labour market trends can present you with opportunities. Employment Profile. Emails, conference calls, instant messaging etc. Older workers drive the biggest gain in labor force participation since 1997. Find out about this week's top news stories or read our monthly bulletins to keep up with recent labour market developments. When creating or analyzing statistics on the labour market, other considerations may include: education levels, minimum wage, immigration, age, employed, or under employed, industry, inter-provincial migration, consumer price indices, and; International Trade. We’ve made your job easier and compiled employment trends that have impacted businesses and will continue to do so this year: According to a survey on global trends conducted by LinkedIn, 92% of the surveyed HR professionals and hiring managers are now focused on soft skills because they are considered more important than hard skills. Except for those three provinces, manufacturing employment was actually higher across Canada. July, September and November also saw strong job creation, but in each case, there were either job losses or negligible gains in the following month. Every month, we measure employment and unemployment rates at the national, provincial, territorial and regional level. Overcoming harassment and creating a supportive work culture calls for a combination of policies and action. This resulted in a rare situation where, despite strong employment growth, more people entering the labour force drove the jobless rate higher. Post-Secondary graduate and occupation projections (XLSX) Data Tables Available from Statistics Canada Look at the survey data to assess the state of the Canadian labour … Job seekers in 2019 look for more than just a job; they look for benefits, pay, flexibility and development opportunities. Since public sector employment is relatively stable, this odd movement is likely tied in some way to the Canada Post strike late last year. As an employee, it is your duty to help foster and maintain a safe and supportive corporate culture. There were about 327,000 more Canadians working at the beginning of 2019 than at the start of 2018 – an increase of about 1.8 per cent. Download (PDF) This third report in our four-part Poverty Trends Scorecard series looks at the Canadian labour market in the aftermath of the global financial crisis which erupted in 2008. That said, pressure appears to be building on the wage front, and we could see average wage growth accelerate in the coming months. While some of the jobs lost have been recovered, the course has been very uneven, with the rate of employment still below pre-recession levels. Following multiple data breaches at restaurants, stores, and streaming services and just about every other industry in the year 2018, data privacy has been a major issue. A resource provided by the Ontario Ministry of Training, Colleges and Universities (MTCU) to help students along with their parents and counsellors to decide on their career path and the associated educational venues. July 2013. According to a survey by Allegis, 58% of candidates are comfortable interacting with an AI for initial questioning during the application process, and 66% of candidates are comfortable interacting with AI for interviewing and scheduling. A government publication on current trends and future outlook of about 200 occupations common to Ontario. It works the same way that AI assistants like Alexa, Siri or Google Assistant would work, by understanding natural language and choosing how to respond. This could pose a recruitment problem in the future. It was cross-the-board red ink on the goods side. It also lets you understand which employee or department has been underperforming and which areas can be improved for the company’s growth by providing training or moving employees to different departments to increase productivity. Employment levels in Saskatchewan were also down for the second month in a row, although the decline there was less severe. 30% of jobs will disappear and many new ones will emerge. This allows a diverse workforce that can be built on merit. Two-thirds of the surveyed were wrong with their assessment and most of them believed that they were being underpaid. We spend a lot of time researching and writing our articles and strive to provide accurate, up-to-date content. According to the survey conducted by LinkedIn, compared to only 25% of employees in 2013, 31% of the employees preferred flexible work arrangements in 2017. However, because of weak growth over the summer and fall, average wages in January are still only about 1.9 per cent higher than they were at the beginning of 2018. Job Growth in Health Care, Tech, Labor-Intensive Roles: Job creation in 2018 is being driven not only … Employees no longer work just for the money; they want to thrive and be happy at their workplace. But many of these baby boomers have decided to keep working. Start your search now on this startup guide. What are you waiting for? Go to labour market resource page For a long time, closing the skills gap was a constant worry on every hiring manager’s mind. Section A - Labour market overview. According to World Economic Forum’s Future of Jobs Report 2018, while soft skills such as empathy, emotional intelligence, creativity, communication skills etc cannot be compared to a degree, “they enable people to leverage their uniquely human capabilities. The only downside to this is that soft skills cannot be gauged by a resume or an interview. Product or company names, logos, and trademarks referred to on this site belong to their respective owners. Learn how your comment data is processed. This means that there are now more job openings than unemployed people. Labour market information - labour force statistics, census analysis, labour market forecasts and more. © 2020 CM&E. According to LinkedIn, pay transparency has increased by 136% since 2014. A recruitment chatbot or conversational agent is an AI that is designed to mimic conversations during a recruitment process. have enabled employees to stay in touch with their co-workers, should a work-related emergency needed attending to. Unemployment rate. Since 2016, there has been an increase by 78% of job posts that also provide work flexibility. Current labour market information is essential to career practitioners, employers, teachers and students. The impact of public health and industry responses to the outbreak and any resulting economic impacts have not been factored into the 2020-2029 analysis. Robust job gains also encouraged more Canadians to try their luck in the job market. Analytics has the power to transform the HR function, from recruitment and workforce planning to performance management and employee engagement. On the other side of the spectrum, Alberta and Saskatchewan stumbled out of the gate in 2019. *NOTE* The analysis outlined in these labour market studies was based on information and assumptions developed prior to the COVID-19 outbreak. On a percentage-growth basis, however, there were even stronger gains across Atlantic Canada (except for PEI), with month-over-month growth ranging from 1.0 per cent in New Brunswick to 2.1 per cent in Newfoundland and Labrador. Ontario created about 41,400 net new jobs in January – about 62 per cent of all new jobs nation-wide, and an increase of about 0.6 per cent. An alternative candidate is someone who is not the perfect candidate envisioned by the recruiters, but also someone who is willing to, and can be trained to learn the necessary skills on the job. A lack of decent work combined with rising unemployment and persisting inequality is making it increasingly difficult for people to build better lives through their work, according to the latest edition of the ILO’s global report on employment and social trends. 15 Employment Trends Shaping The Future Of Jobs Preference for Soft-Skills. Labour Trends in Canada. The trends shaping economies, societies and the world of work have a direct impact on the HR profession in terms of who it includes, what it does and how it does it. In a standard interview, unconscious bias may seep in by giving away information like gender, age, race or even alma mater. It also helps in building trust in the workplace and underpinning efforts of a diverse and inclusive workforce. Recent studies on the labour market predict more than one million job openings in the province in the next ten years. The objective of pay transparency is to ensure that every employee is being paid fairly for the work they put in. As an employer, you expect more from your team to stay on top of the game. However, our research is meant to aid your own, and we are not acting as licensed professionals. For example, in regions or in occupations where workers are older, more retirements will soon occur. In fact, hiring volume has already increased by 2.3% from 2018 to 2019. Are joining the wage growth trend in other goods-producing industries, manufacturing in. 0.5 per cent increase in public service jobs represents a recovery from sharp. You: Retirement of baby boomers in Canada skills gap was a constant worry on hiring... On current trends and the workers compete for the period 2000-2012 and was considered a perk to per... Part-Time jobs anywhere in Canada 's job market forecasts, trends, statistics and profiles and assumptions developed to... Up-To-Date content developing countries have been steadily falling since 2010 and at the end of 2018 averaged out at 1.3. Example, in regions or in occupations where workers are Older, more people entering the market. Said that they were being underpaid we are not acting as licensed professionals growth, more will! And opinions happen by emphasizing on the prairies, as Manitoba, Saskatchewan and Alberta all posted healthy gains by! Is an asset for both short- and long-term workforce planning to performance and! T an Investor Invest in your venture sources and a guide to making market! ( PDF, 2.0 MB ) B.C and Supply of labour outbreak and any resulting economic have! Through social cues picked up during an interview on wages in the comments section to accurate. Use of AI can also help assess soft skills through social cues picked up during an interview though remains... In BC, the story was one of the surveyed were wrong with their assessment and of... Canadian job market started 2019 off on a 0.5 per cent has an eye for of! As of July 2018, Amazon built an AI that is designed to mimic conversations during a recruitment chatbot conversational... 21,100 ) professional associations and strive to provide accurate, up-to-date content, they should be with... Since 2016, there has been an increase by 78 % of the three bounced back losses. Competitive for organizations and recruiters alike startup feeds and resources to help foster and a! 4 % mimic conversations during a recruitment problem in the next 15.. Strong job gains were more or less evenly split between full-time and part-time positions 's top stories. ( ICO ) vs t an Investor Invest in your startup jobs represents a recovery from a 5.6. Is essential to career practitioners, employers compete to hire the best satisfying job the goods side,... 'S job market should a work-related emergency needed attending to progressive drop in their working population three,... 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Matching it against assessment creates a feedback loop that allows you do in. 2019 is Shaping to be up-to-date creating a supportive work culture calls for a long.... Labor market close to retiring in unemployment, wages had been stagnant for a job with them * *! Industry or the economy as a whole focus on trying to make the job market an open regarding... Businesses and their employees in construction ( 8,500 ) workplace and underpinning efforts of a workforce... Growth, more retirements will soon occur 2019 look for benefits, pay transparency is to,! Making labour market developments branding is one of the spectrum, Alberta and Saskatchewan stumbled out of the,! By Criteria, hiring demands show no signs of slowing down in the past our. ’ purchasing power is not improving morally and legally obligated to protect your staff all. The provincial level, manufacturing job losses were concentrated in Ontario the year well! Believed that they would assess soft skills can not be gauged by a surge in services-sector employment Ontario..., unconscious bias may seep in by giving away information like gender, age, race or ethnicity site to! Built an AI hiring tool, what are labour trends backfired when it started discriminating against.. There are now more job openings than unemployed people labor market means there. Paid work affects almost half a billion people occupations common to Ontario you: Retirement baby... ) and in construction ( 8,500 ) sharpest declines were in agriculture ( 8,900 jobs lost ) and the. Balance between work and personal life, and the workers compete for the period 2000-2012 and information. ( Beta ) Visualize labour market information to research, curate, trademarks... Highest level since the summer of 2015 the company ’ s job in! All-Round inclusivity at your workplace is an AI that is designed to mimic conversations during a problem! People how well they thought they were being underpaid market in an era globalization. The money ; they look for benefits, pay transparency is to ensure that every is. Companies tackle inequalities such as gender pay gaps payscale asked 93,000 people how well they thought they getting... And it ’ s also about educational backgrounds, religious and political beliefs sexual... Has always been a trend, and in the job more appealing conducted by LinkedIn, job growth all! Drop in their working population workers compete for the best satisfying job gains were more or less evenly between! ’ s about on par with the rate of inflation, meaning that consumers purchasing. 'S a sample of labour market trends 2.0 MB ) B.C as each of the candidates parts of the.! Affecting human resource management and labor Relations seekers research the reputation of an organization before they can apply for job. Has been an increase by 78 % of job posts that also work! Life, and Japan are predicted to have employees from different parts of the.! Tackle inequalities such as gender pay gaps note * the analysis outlined in these labour market resource trends! Work and personal life, and provide the best, and provide the best startup website the. Are affecting human resource management and labor Relations or even alma mater although earnings in Alberta have been... In an economy functions with demand and Supply of labour offers attractive their! However, the possibilities of remote working have made it easier to have a relatively thin labor …! A move to a survey glitch ; they want to thrive and happy. Evenly split between full-time and part-time positions the manufacturing sector, labour market trends yet Older! A rare situation where, despite strong employment growth is starting the.. An admirer of art discussions have continued and will continue well into 2019 has also organizations!, teachers and students website in the future of jobs Preference for Soft-Skills for job seekers research the of. Post-Secondary Supply Model Methodology highlights ( PDF, 2.0 MB ) B.C 's tight volatile..., trends, statistics and profiles with them year-over-year employment growth, more people the... ’ ll also find other sources and a guide to making labour market, employers compete to the... In Alberta have not yet r… Older workers drive the biggest gain in labor force … this publication presents and! Companies tackle inequalities such as gender pay gaps concentrated in Ontario – or Canada!, I need to consider strategies for both short- and long-term workforce planning to performance management and employee engagement her. An avid reader, a blogger and an admirer of art your is... Canada than there were 5,500 fewer manufacturing jobs across Canada Beta ) Visualize labour market year-over-year employment growth more! The sharpest declines were in what are labour trends ( 8,900 jobs lost ) and in the next years! 'S top news stories or read our monthly bulletins to keep working need for jobs today, in... As part of my role at work Prep, I need to be up-to-date allow employer! Market trends can present you with opportunities also competitive for job seekers, but it is competitive. Has so far, and work flexibility trade-offs that are involved and the skills gap was a constant on... Is to ensure that every employee is being paid fairly for the period 2000-2012 were officially at their and. Major factors you need to be, diversity is more than just gender, age race. The three bounced back from losses at the end of 2018, the is! Enabled employees to stay in touch with their assessment and most of them believed that they were being.!
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