Our most requested topic for 2022
"As we recover from the pandemic, labour shortages will become the new normal. Employers will have to find new ways to attract talent and retain their existing workforce. Building capacity through employee engagement and automation will allow organizations to succeed in this new work environment."
The skills shortage will continue for several years, with several factors contributing to the demand. Employers will need to adjust their policies and management style to address this challenge.
76% of employers are currently having difficulty in attracting employees compared to 26% last year. (Willis Towers Watson)
732,000 Job vacancies in Canada (The highest since recording started) 10 million job vacancies in the USA
All G8 countries are seeing skills shortages which will heat up global competition for resources
8,500 Canadians will retire each week
The pandemic has had a negative impact on people immigrating to Canada.
Are you ready for the newest shortage and price hike? It's not housing or lumber. The latest deficit will be human capital, which will be widespread and felt by every business sector. This labour shortage will make the old ways of attracting, retaining and inspiring obsolete. Employers will need to find new ways to attract employees, hang on to the ones they have and find ways to build capacity with their existing team. In addition, many employers will see the globe as their recruitment opportunities; you now will have to compete against your local competition for people along with places like New York, the UK, or Brazil.
Many employers have changed the way they work, and as we come out of the pandemic, employers and employees will look for a new normal. What will that look like for you? One thing is for sure; it will never go back to the way it was before the pandemic. Employers and employees will need to adapt to the new reality in the job market. Research shows some interesting trends that will undoubtedly impact your organization as we come out of the pandemic.
We are heading into some very challenging times regarding the Canadian employment market. Join Eddie LeMoine as he guides you through employment trends and why the old ways of managing people may not work in the future. Eddie will help you understand today's employment challenges and how to be best prepared for a successful future.
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