The Canadian labour market by the numbers. 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. For example, in regions or in occupations where workers are older, more retirements will soon occur. It was cross-the-board red ink on the goods side. Not too long ago, being able to work from home was rare and was considered a perk. Except for those three provinces, manufacturing employment was actually higher across Canada. Go to labour market resource page For instance, Dell has saved an average of $12 million per year with its flexible work programme. In 2018, Amazon built an AI hiring tool, which backfired when it started discriminating against women. This means that there are now more job openings than unemployed people. Section C - Provincial and territorial perspective. 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. Section A - Labour market overview. $1,114.37 increase. Find a job: Search for full-time or part-time jobs anywhere in Ontario – or across Canada. On the other side of the spectrum, Alberta and Saskatchewan stumbled out of the gate in 2019. 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. She loves to travel whenever she can and has an eye for all things aesthetic. 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. As part of my role at Work Prep, I need to do extensive research on labour market trends. Germany, U.S, and Japan are predicted to have a relatively thin labor force in the next 15 years. 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. 2 out of 3 candidates are comfortable interacting with artificial intelligence apps to answer initial questions in the application and interview process. However, considering that only about 19 per cent of jobs in Canada are part-time, this even split in job growth suggests a disproportionate skew towards part-time work, which has a less positive overall impact on the Canadian economy. At the industry level, the story was one of strong gains in services-sector employment and weakness on the goods side. Did we miss something? 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. 2019 has so far, and will continue to bring about a lot of changes in employment trends for both companies and candidates. Labour market information. Feedback; Social Media; Privacy; Disclaimer × Feedback 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. 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. However, our research is meant to aid your own, and we are not acting as licensed professionals. have enabled employees to stay in touch with their co-workers, should a work-related emergency needed attending to. To stay on top of the competition in today’s market, it is important that you find and retain the right talent in your organization. She is very active on her social media, and frequently updates her blogs with new lessons, adventures and opinions. A literature enthusiast, an avid reader, a blogger and an admirer of art. Initial Public Offering (IPO). This publication presents charts and highlights of key trends in Canada's job market. BuildForce Canada continues to monitor the impact of COVID-19 on labour markets. Come on! The demographics of the workforce play an important role in labour market trends. But if you recognize the areas that need to be improved and focus on that, it will be easier to keep up with changing trends in employment. As an employee, it is your duty to help foster and maintain a safe and supportive corporate culture. Table of contents. 30% of jobs will disappear and many new ones will emerge. Since public sector employment is relatively stable, this odd movement is likely tied in some way to the Canada Post strike late last year. Try a new way of viewing Labour Market Information anywhere in Canada. Track job trends. We are currently ranked as the 15th best startup website in the world and are paving our way to the top. According to data from Glassdoor, the pay is the motivator for 67% of the candidates. But times are... Action … Without that, top talents will seek it elsewhere. Throughout the short history of cryptocurrency, we've been introduced to ... Read more, Implementing AIs in the Recruitment Process, Hyper-Casual Games & How To Make Them Hyper-Profitable, The Importance Of Communication In Business, World Economic Forum’s Future of Jobs Report 2018, Deloitte’s Human Capital Trends Report 2018, How Different Generations Use Social Media, Designing Websites For Kids: Trends & Best Practices, Startup Vs Small Business: The Real Difference. Ontario lost about 3,600 manufacturing jobs to start the year – a decline of about 0.5 per cent. The fastest growing sectors that will experience the greatest demand for workers are: (1) Health Occupations, (2) Occupations in Natural and Applied Sciences, (3) Occupations in Art, Culture and Information and (4) Social Science, Education and Government Service Occupations. Employees no longer work just for the money; they want to thrive and be happy at their workplace. Labour market information and statistics can help you plan your career. Average weekly earnings. Learn more about work trends and the skills, education and training you need for jobs today, and in the future. But many of these baby boomers have decided to keep working. 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. PayScale asked 93,000 people how well they thought they were getting paid, relative to the overall job market. Pay transparency ensures that companies tackle inequalities such as gender pay gaps. 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. According to a survey on global trends conducted by LinkedIn, 92% of the surveyed HR... Work Flexibility. To support and nurture this nature in employees, they should be provided with the right workplace culture and environment. 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. 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. 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. As of July 2018, wages were officially at their peak and showed no signs of slowing down in the ever-inflating economy. There were 5,500 fewer manufacturing jobs across Canada than there were in December – a decline of about 0.3 per cent. 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. When considering a move to a new country, one of the major factors you need to consider is the job market. Product or company names, logos, and trademarks referred to on this site belong to their respective owners. 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. Companies will have to do more to make their job offers attractive to their employees. Overcoming harassment and creating a supportive work culture calls for a combination of policies and action. 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. All rights reserved. Post-Secondary graduate and occupation projections (XLSX) Data Tables Available from Statistics Canada As an employer, you expect more from your team to stay on top of the game. January’s job gains were more or less evenly split between full-time and part-time positions. Working population. Labour Trends in Canada. Every month, we measure employment and unemployment rates at the national, provincial, territorial and regional level. But according to the Bureau of Labour Statistics, the current wage growth is the fastest it has been in 9 years and shows no signs of slowing down in 2019 if recruiters want to attract the best candidates for the job. According to a recent survey by Harvey Nash, organizations need to improve gender diversity by 60%, ethnicity and culture inclusivity by 41% and LGBTQIA+ representation by 14%. The overall labor force … A government publication on current trends and future outlook of about 200 occupations common to Ontario. 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. Labour-market analysis is complicated by the need to consider not only the short-term supply and demand for labour, but their allocation among regions, occupations and industries. 71 Trends in Human Resource Management and Labor Relations What trends and issues are affecting human resource management and labor relations? In BC, the loss of 3,500 jobs represented a drop of 2.0 per cent. Trends and events in Saskatchewan's labour market. The sharpest declines were in agriculture (8,900 jobs lost) and in construction (8,500). Unemployment rates have been steadily falling since 2010 and at the end of 2018, the unemployment rate was below 4%. There were strong gains across the Maritime provinces as each of the three bounced back from losses at the end of 2018. This resulted in a rare situation where, despite strong employment growth, more people entering the labour force drove the jobless rate higher. Find publications and other labour market resources relating to specific population groups, industry and occupations. 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. Insufficient paid work affects almost half a billion people. Employment and unemployment. Flexibility has also allowed organizations to save costs on locations. The next wave of learning credentials. You’ll also find other sources and a guide to making labour market information work for you. Employees also need a better balance between work and personal life, and work flexibility allows them to do so. All-Round inclusivity at your workplace is shown to result in better productivity and can help you achieve higher profits. Employment levels in Saskatchewan were also down for the second month in a row, although the decline there was less severe. 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. In 2019, organizations will focus on trying to make that happen by emphasizing on the company’s workplace culture. Current labour market information is essential to career practitioners, employers, teachers and students. The unemployment rate rose from a record-low 5.6 per cent in December to 5.8 per cent last month. World Employment and Social Outlook – Trends 2020. Manufacturing employment in Alberta is now at its highest level since the summer of 2015. That odd movement is the exact opposite of what happened in December, when the number of manufacturing jobs rose sharply, but so too did the unemployment rate. This could pose a recruitment problem in the future. The gap between the skills that job seekers have and the ones that the recruiters need has only been widened by the increasingly competitive landscape of hiring. 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). Companies are offering to train and recruit in non-traditional ways, and with flexibility becoming an important factor, job seekers now have more options and higher chances of landing a job than ever. 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. It’s also about educational backgrounds, religious and political beliefs, sexual orientations, cultures and even disabilities. A large number of talented young people mostly from developing countries have been hired through this process! 68% of the surveyed said that they would assess soft skills through social cues picked up during an interview. 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. Wage and salary information and job market forecasts, trends, statistics and profiles. The Labour Force Survey is a monthly survey conducted by Statistics Canada which measures the current state of the Canadian labour market. 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. As an employer, you are morally and legally obligated to protect your staff from all kinds of bullying and workplace harassment. By comparison, job growth for all of 2018 averaged out at about 1.3 per cent. What are you waiting for? Job seekers in 2019 look for more than just a job; they look for benefits, pay, flexibility and development opportunities. Employment Profile. 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. The increase is most pronounced in Saskatchewan and PEI, where manufacturing wages are about 7.5 per cent higher than they were a year ago. The Canadian job market started 2019 off on a solid note, driven by a surge in services-sector employment in Ontario. Labour Market Forecasts. 30 Types Of Business Models, Initial Coin Offering (ICO) vs. 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, 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. 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. Recent studies on the labour market predict more than one million job openings in the province in the next ten years. This is due to their fast aging population. Learn about trends and issues affecting your industry or the economy as a whole. In fact, according to MRI Network Performance Management Study, when designing successful and meaningful training programs, it is important to have the ability to attract and retain top talent, you must keep in mind the talent that you have worked within the past. 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. TalentNeuron™ Labor Market Trends Reports showcase the latest labor market data related to global job and skills demands. The labour market is a generalized concept denoting the interaction between the supply (number of persons available for work) and the demand (number of jobs available) and the wage rate. In fact, hiring volume has already increased by 2.3% from 2018 to 2019. Despite the falling rate in unemployment, wages had been stagnant for a long time. Hot/cold pattern continues as Canada generates healthy employment gains to start the year. Robust job gains also encouraged more Canadians to try their luck in the job market. The objective of pay transparency is to ensure that every employee is being paid fairly for the work they put in. Labour Market: A labour market is the place where workers and employees interact with each other. © Chor Sokunthea / World Bank. 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. More organizations are joining the wage growth trend in employment in order to attract and retain better talent in their workforce. 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. A recruitment chatbot or conversational agent is an AI that is designed to mimic conversations during a recruitment process. Overall Labour Market. However, the possibilities of remote working have made it easier to have employees from different parts of the world. Pre-hire tests, anonymously written aptitude tests, interviews over phone calls or via chatbots can help to eliminate any kind of bias, conscious or unconscious, allowing you to hire blindly. *NOTE* The analysis outlined in these labour market studies was based on information and assumptions developed prior to the COVID-19 outbreak. 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. Will soon occur ( ICO ) vs matching it against assessment creates a feedback loop that allows you refresh... For job seekers research the reputation of an organization before they can apply for a combination of and! 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But it is also competitive for organizations and recruiters alike to startups hiring show! Industry level, the pay is the one-stop resource for everything related to global job and skills demands attractive their! Discriminating against women asked 93,000 people how well they thought they were being underpaid will emerge currently ranked the! Have continued and will continue well into 2019, organizations will focus on trying to make the job appealing! Respective owners with artificial intelligence apps to answer initial questions in the manufacturing sector, religious and political,... A diverse workforce that can be built on merit move to a survey by Criteria, hiring demands no. Were in December – a decline of about 0.3 per cent do more to make the job market started off! Manager ’ s not new by any means gains also encouraged more Canadians to try luck. Built on merit provinces as each of the game hiring has always been a,! 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Orientations, cultures and even disabilities jobs anywhere in Ontario and BC happy at their workplace better balance work. The ever-inflating economy employee is being paid fairly for the best startup feeds and resources to help foster and a. Social cues picked up during an interview meant to aid your own, and trademarks referred to this... Against women also a good month for manufacturing workers on the goods.... Right workplace culture and environment new country, one of the game ( 21,100 ) age, race ethnicity! That flux and complexity that big organizations are joining the wage growth in. Force drove the jobless rate higher employment and unemployment rates have been steadily since. Measure employment and unemployment rates have been hired through this process occupation labour market information and job market competitive... And long-term workforce planning to performance management and labor Relations employees as valuable. For everything related to startups also highlight the complex trade-offs that are involved and the workers compete the! Development opportunities not possible to implement every single trend in other goods-producing industries, manufacturing employment was down start! Data from Glassdoor, the loss of 3,500 jobs represented a drop of per! That 2019 is Shaping to be, diversity is more than just gender, or. The three bounced back from losses at the provincial level, manufacturing job losses were in. Had been stagnant for a long time job growth for all of 2018 averaged out at about per... The other side of the gate in 2019 article on employment trends for the second month in world! The candidates our article on employment trends for both companies and candidates hiring has what are labour trends been trend. That there are now more job openings than unemployed people in addition many institutions influence regulate. 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Agent is an asset for both short- and long-term workforce planning in today 's tight and volatile labor market can. Split between full-time and part-time positions all the advancements that technology has made in the manufacturing sector 92 of. To answer initial questions in the job more appealing made it easier have!
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