"The Labour Shortage in Canada: Unprecedented Times"

As we head into 2023, employers will continue to see skills shortages as their primary concern making this the number one conference topic for this year.

Do you need help finding and retaining employees? Look no further than our expert analysis of the current labour market in Canada. Despite predictions that interest rate hikes would slow hiring, we see record-low jobless rates and high vacancies. And it's not just Canada - other G7 countries are also experiencing the same challenges.

Our video dives deep into the current state of the labour shortage in Canada and provides insights on how you can navigate these unprecedented times. From understanding the current job market to finding and retaining employees, we've got you covered.

So sit back, relax, and enjoy our informative video. And if you have any questions, don't hesitate to reach out to us. We're here to help you succeed in these challenging times.

The drivers that are changing the landscape for both employers and employees. 

Are you ready for the next shortage and price hike? It's not housing or lumber, but in some ways, they are connected. The next shortage will be human capital, which will be widespread and felt by every business sector. Here are some of the drivers for the skills shortage:

Retiring baby-boomers

We knew this would be a problem, but as we were focused on the pandemic, over 8000 baby boomers have been leaving the workforce each week for their well-deserved retirement. As they retire, they leave behind a skill shortage that will be hard to replace in skillset and sheer numbers. 

Immigration is not keeping pace with the retiring workforce.

The immigration rate in Canada is not keeping pace with the retiring workforce because there are limits on the number of immigrants that can be admitted to the country each year. These limits may not be sufficient to meet the demand for workers to replace those who are retiring. The Canadian government sets annual immigration targets and allocates certain visas for each immigration category, such as skilled workers, family sponsorships, and refugees.

The immigration rate in Canada is not keeping pace with the retiring workforce because there are limits on the number of immigrants that can be admitted to the country each year. These limits may not be sufficient to meet the demand for workers to replace those who are retiring. The Canadian government sets annual immigration targets and allocates certain visas for each immigration category, such as skilled workers, family sponsorships, and refugees.

The immigration rate in Canada is not keeping pace with the retiring workforce because there are limits on the number of immigrants that can be admitted to the country each year. These limits may not be sufficient to meet the demand for workers to replace those who are retiring. The Canadian government sets annual immigration targets and allocates certain visas for each immigration category, such as skilled workers, family sponsorships, and refugees.

Virtual competition

Many employers look forward to the time they can look out into their workspace and see employees happily working at their desks, but the reality may be very different. If there is one thing we have learned during the pandemic, we don't always need physically need to go to work to get work done. Employers may want to see their employees return to a physical workplace, but not all employees want to return. Studies have shown that employers who manage workers effectively in a virtual environment received 2.5 more hours per day in work effort than in the office. 

As the competition heats up for human capital, the old ways of attracting employees to join new employers will be virtual perks, benefits and compensation. In addition, many employers will see the globe as their recruitment opportunities; you now will have to compete against your local competition for people and places like New York, The UK, or Brazil.  

The way consumers acquire products and services:

The past year has been a massive experiment in delivering products and services in a completely different way. Whether it is a government providing services to the public, a restaurant using a delivery service for the first time, or online product sales, consumers' buying habits have changed forever. As a result, the skill set employers are looking for in an employee for 2021 is very different than 2019. 

OTHER POPULAR CONFERENCE TOPICS FOR 2023


#1 Motivation:

A recent survey of meeting planners, conference coordinators and speakers identified Motivation as the #1 topic audiences will be looking for this conference year. So I guess we could all use a bit of a pick me up as we come out of the past two years of the pandemic.

#4 Virtual leadership

A virtual workspace is here to stay. Like pandores box, it is now open, and we all need to find ways to do some of our work in a virtual space. So even if you can't complete your job virtually, you will still find aspects of your business have moved to a virtual environment. 

#2 Employee Engagement

Employee engagement will be more popular than ever this year. Whether your employees are working virtually and on-site, Employee Engagement will help you increase productivity, retain existing staff and help attract new members to your team. 

#5 Leadership coaching


Leadership coaching has become one of the most popular leadership trends. With five generations working in a multicultural environment become the new norm. A one-size-fits-all approach to leadership will not work, and successful leaders have discovered coaching to be a valuable tool.  

#3 Employee attraction and retention

Companies and industries will need to find ways to attract and retain employees; their very survival will count on it for some sectors. As the workforce continues to shrink and demand for human capital increases, there will be stiff competition for resources.

#6 Managing stress

Most people will tell you this past year has been to most stressful of their life. Therefore, it only stands to reason this will impact your employees' performance both at work and home. Learning to manage stress will increase productivity, home/work balance and employee satisfaction. 

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