To support and nurture this nature in employees, they should be provided with the right workplace culture and environment. Read more about the labour force survey; Resources. 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. Tell us what you think about our article on employment trends in the comments section. There were also notable gains in professional services industries (28,500 jobs), as well as the public service (21,100). Labour Market Forecasts. have enabled employees to stay in touch with their co-workers, should a work-related emergency needed attending to. This resulted in a rare situation where, despite strong employment growth, more people entering the labour force drove the jobless rate higher. Technology is partly responsible for this shift in work flexibility. The Canadian labour market by the numbers. 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. You’ll also find other sources and a guide to making labour market information work for you. In 2018, Amazon built an AI hiring tool, which backfired when it started discriminating against women. Come on! All Rights Reserved. B.C. 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. 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. At the industry level, the story was one of strong gains in services-sector employment and weakness on the goods side. As more people apply for jobs that are somewhat out of their field, hiring alternative candidates is bound to become a more popular trend in the future. This will lead to more job openings. As an employee, it is your duty to help foster and maintain a safe and supportive corporate culture. Wages and salaries - wage and salary information by occupation and geographic area, plus information on skills shortages in Alberta For example, in regions or in occupations where workers are older, more retirements will soon occur. Not too long ago, being able to work from home was rare and was considered a perk. The only downside to this is that soft skills cannot be gauged by a resume or an interview. 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. World Employment and Social Outlook – Trends 2020. 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. 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. Despite the falling rate in unemployment, wages had been stagnant for a long time. That said, pressure appears to be building on the wage front, and we could see average wage growth accelerate in the coming months. 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. Track job trends. 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. In a standard interview, unconscious bias may seep in by giving away information like gender, age, race or even alma mater. 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. Section E - Industry, class of worker and occupation Robust job gains also encouraged more Canadians to try their luck in the job market. When considering a move to a new country, one of the major factors you need to consider is the job market. Pay transparency ensures that companies tackle inequalities such as gender pay gaps. 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. The increasing use of AI can also help assess soft skills in candidates in the near future. 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. Section D - Local labour markets. 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. Consistent with the trend in other goods-producing industries, manufacturing employment was down to start 2019. The objective of pay transparency is to ensure that every employee is being paid fairly for the work they put in. 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. 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. Average hourly wages were up about 0.6 in January, building on a 0.5 per cent increase in December. Find a job: Search for full-time or part-time jobs anywhere in Ontario – or across Canada. Labour Market Trends. Find out about this week's top news stories or read our monthly bulletins to keep up with recent labour market developments. 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. Look at the survey data to assess the state of the Canadian labour … Professional associations - networking websites, business directories, union and professional associations. July 2013. The demographics of the workforce play an important role in labour market trends. Although earnings in Alberta have not yet r… She is very active on her social media, and frequently updates her blogs with new lessons, adventures and opinions. On the other side of the spectrum, Alberta and Saskatchewan stumbled out of the gate in 2019. 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. Since 2016, there has been an increase by 78% of job posts that also provide work flexibility. More organizations are joining the wage growth trend in employment in order to attract and retain better talent in their workforce. TalentNeuron™ Labor Market Trends Reports showcase the latest labor market data related to global job and skills demands. The unemployment rate rose from a record-low 5.6 per cent in December to 5.8 per cent last month. 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). Find publications and other labour market resources relating to specific population groups, industry and occupations. Companies will have to do more to make their job offers attractive to their employees. Even big names like Facebook came under fire for their issues regarding data privacy. 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. 30% of jobs will disappear and many new ones will emerge. 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. Without that, top talents will seek it elsewhere. Current labour market information is essential to career practitioners, employers, teachers and students. January was also a good month for manufacturing workers on the prairies, as Manitoba, Saskatchewan and Alberta all posted healthy gains. Analytics has the power to transform the HR function, from recruitment and workforce planning to performance management and employee engagement. Job Growth in Health Care, Tech, Labor-Intensive Roles: Job creation in 2018 is being driven not only … 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. Table of contents. 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. *NOTE* The analysis outlined in these labour market studies was based on information and assumptions developed prior to the COVID-19 outbreak. Two-thirds of the surveyed were wrong with their assessment and most of them believed that they were being underpaid. Manufacturing employment in Alberta is now at its highest level since the summer of 2015. She loves to travel whenever she can and has an eye for all things aesthetic. Flexibility has also allowed organizations to save costs on locations. 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. This has led to the development of a number of different analyses o… 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). Labour Market Outlook from WorkBC; B.C. Learn how your comment data is processed. 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. The Labour Force Survey is a monthly survey conducted by Statistics Canada which measures the current state of the Canadian labour market. The new technology suggests that flux and complexity that big organizations are experiencing will continue well into 2019, despite attempts at securing data. That being said, employment trends are ever-changing and it is not possible to implement every single trend in the way your organization functions. 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. 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. Bias in the workforce can lead to several controversies. It’s also about educational backgrounds, religious and political beliefs, sexual orientations, cultures and even disabilities. 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. Here's a sample of labour market trends that might affect you: Retirement of baby boomers. 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. However, the possibilities of remote working have made it easier to have employees from different parts of the world. The sharpest declines were in agriculture (8,900 jobs lost) and in construction (8,500). Employment levels in Saskatchewan were also down for the second month in a row, although the decline there was less severe. 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). 2 out of 3 candidates are comfortable interacting with artificial intelligence apps to answer initial questions in the application and interview process. Learn more about work trends and the skills, education and training you need for jobs today, and in the future. A literature enthusiast, an avid reader, a blogger and an admirer of art. Learn about trends and issues affecting your industry or the economy as a whole. Labour market information and statistics can help you plan your career. Training will be a critical focal point in 2019. 30 Types Of Business Models, Initial Coin Offering (ICO) vs. 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. As of July 2018, wages were officially at their peak and showed no signs of slowing down in the ever-inflating economy. Labour Market: A labour market is the place where workers and employees interact with each other. A recruitment chatbot or conversational agent is an AI that is designed to mimic conversations during a recruitment process. Post-Secondary graduate and occupation projections (XLSX) Data Tables Available from Statistics Canada This means that there are now more job openings than unemployed people. 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. These unusual trends may simply represent a survey glitch; they could settle down in the coming months. 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. Since public sector employment is relatively stable, this odd movement is likely tied in some way to the Canada Post strike late last year. But times are changing, and work flexibility is becoming a norm. Your employees also expect more from your organization. The overall labor force … But many of these baby boomers have decided to keep working. Flexibility, holidays and bonuses are a great way to make the job more appealing. 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 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. 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. The #MeToo movement might have begun in 2017, but the discussions have continued and will continue well into 2019. 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%. Start your search now on this startup guide. Why Won’t An Investor Invest In Your Startup? For instance, Dell has saved an average of $12 million per year with its flexible work programme. Job seekers in 2019 look for more than just a job; they look for benefits, pay, flexibility and development opportunities. All rights reserved. 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. 2019 has so far, and will continue to bring about a lot of changes in employment trends for both companies and candidates. BuildForce Canada continues to monitor the impact of COVID-19 on labour markets. 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. 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. Not too long ago, being able to work from home was rare and was considered a perk. 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. $1,114.37 increase. The silver lining here is that, unlike elsewhere in the goods sector, the decline in manufacturing employment in January represents only a partial loss of the strong gains made in December; there were about 19,200 net new manufacturing jobs created in the last month of 2018. Labour Force Survey. At the provincial level, manufacturing job losses were concentrated in Ontario and BC. Initial Public Offering (IPO). In 2019, employers are expected to gain new approaches to work and improved workplace cultures that will lead to better levels of innovation and productivity among employees. Section B - Demographic characteristics. Many Albertans born between 1945 and 1966 are retired or close to retiring. 68% of the surveyed said that they would assess soft skills through social cues picked up during an interview. 15 Employment Trends Shaping The Future Of Jobs Preference for Soft-Skills. Overcoming harassment and creating a supportive work culture calls for a combination of policies and action. 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. Average weekly earnings. Labour Trends in Canada. That’s about on par with the rate of inflation, meaning that consumers’ purchasing power is not improving. Learn all about the economy of B.C., including vital labour market outlooks, monthly employment trends and information on the province’s green economy. Product or company names, logos, and trademarks referred to on this site belong to their respective owners. Our philosophy is to research, curate, and provide the best startup feeds and resources to help you succeed in your venture. 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. Insufficient paid work affects almost half a billion people. 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. 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. In an era of globalization that 2019 is shaping to be, diversity is more than just gender, race or ethnicity. The increase in public service jobs represents a recovery from a sharp decline in December. Predictive analytics allow the employer to view the employees as a valuable asset to the organization. According to LinkedIn, job seekers research the reputation of an organization before they can apply for a job with them. According to data from Glassdoor, the pay is the motivator for 67% of the candidates. Diversity in hiring has always been a trend, and it’s not new by any means. Go to labour market resource page 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 strong gains across the Maritime provinces as each of the three bounced back from losses at the end of 2018. 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. Not only is the job market extremely competitive for job seekers, but it is also competitive for organizations and recruiters alike. Unemployment rates have been steadily falling since 2010 and at the end of 2018, the unemployment rate was below 4%. 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. 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. As an employer, you expect more from your team to stay on top of the game. © Chor Sokunthea / World Bank. It was cross-the-board red ink on the goods side. 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. It also helps in building trust in the workplace and underpinning efforts of a diverse and inclusive workforce. Every month, we measure employment and unemployment rates at the national, provincial, territorial and regional level. Working population. Employment and unemployment. Section C - Provincial and territorial perspective. 20,370,300 increase. Section A - Labour market overview. In addition many institutions influence and regulate the distribution of workers. 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. © 2020 CM&E. 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. Collecting performance data and matching it against assessment creates a feedback loop that allows you to refresh your employees’ profile continuously. This allows a diverse workforce that can be built on merit. 80% said that soft skills are important to help the business grow, and 89% said that the lack of soft skills was a let-down in the bad hires. 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. Staying up to date with employment trends allows you do that in an effective manner. This could pose a recruitment problem in the future. Those figures represent the fastest month-over-month wage increases in about a calendar year. As an employer, you are morally and legally obligated to protect your staff from all kinds of bullying and workplace harassment. 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. 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. 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. Labour market information - labour force statistics, census analysis, labour market forecasts and more. 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. Feedough is the one-stop resource for everything related to startups. But they also highlight the complex trade-offs that are involved and the difficulties in navigating them. Tight labour markets are starting to exert pressure on wages in the manufacturing sector. 8.9 % decrease. 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. Employees also need a better balance between work and personal life, and work flexibility allows them to do so. Effectively doing so, though, remains a challenge. 71 Trends in Human Resource Management and Labor Relations What trends and issues are affecting human resource management and labor relations? Ontario lost about 3,600 manufacturing jobs to start the year – a decline of about 0.5 per cent. To do so, sexual harassment policies and training need to be up-to-date. 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. According to LinkedIn, pay transparency has increased by 136% since 2014. Migra… Diversity in the workplace is an asset for both businesses and their employees. Recent studies on the labour market predict more than one million job openings in the province in the next ten years. This site uses Akismet to reduce spam. What are you waiting for? Following two years of little to no growth, average weekly earnings have increased at a relatively fast pace since the fall of 2017. We recommend that you use your own judgement and consult with your own consultant, lawyer, accountant, or other licensed professional for relevant business decisions. Labour market information. There were 5,500 fewer manufacturing jobs across Canada than there were in December – a decline of about 0.3 per cent. Did we miss something? 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. 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. We spend a lot of time researching and writing our articles and strive to provide accurate, up-to-date content. What Is A Business Model? Older workers drive the biggest gain in labor force participation since 1997. One of the most disrupted industries is education, with more … But times are... Action … In 2019, organizations will focus on trying to make that happen by emphasizing on the company’s workplace culture. by AllCleared | Jul 3, 2019. 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. 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. The Canadian job market started 2019 off on a solid note, driven by a surge in services-sector employment in Ontario. Overall Labour Market. 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. According to a survey on global trends conducted by LinkedIn, 92% of the surveyed HR... Work Flexibility. In fact, hiring volume has already increased by 2.3% from 2018 to 2019. The Canadian job market started 2019 off on a solid note, driven by a surge in services-sector employment in Ontario. Provincially, the lion’s share of new jobs across Canada were in Ontario, but there were actually solid gains in most provinces. As much as an interview is about finding a candidate who will be the right fit for your company, it is also about finding the right company whose workplace culture, wages and opportunity appeal to the job seekers. Except for those three provinces, manufacturing employment was actually higher across Canada. For a long time, closing the skills gap was a constant worry on every hiring manager’s mind. Strong job gains in January also mean that year-over-year employment growth is starting the year off well. Most candidates who are trained are natural learners with a passion for continuous self-development, and they make for happier and engaged employees. 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. This publication presents charts and highlights of key trends in Canada's job market. Hot/cold pattern continues as Canada generates healthy employment gains to start the year. 1966 are retired or close to retiring market data related what are labour trends startups she can and has an for! An economy functions with demand and Supply of labour market trends 2019 is Shaping to up-to-date! 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