Canada's top Speaker on the topic of The Canadian Skills Shortages
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.
"One of the biggest challenges in the construction industry is the labour shortage. According to the Canadian Construction Association, approximately 22% of the workforce in construction and infrastructure is expected to retire by 2028, which will only add to the shortage. Coupled with the reduction in skilled workers from other countries and increased competition from other G7 nations, it's crucial to get ahead of the labour shortage."
Eddie LeMoine - Best selling author and speaker
As we kick off a new year, every industry faces unique challenges. However, the country's construction industry faces some particularly significant challenges. With a potential recession looming, it is crucial to be prepared and stay ahead of the curve.
The construction industry has always been challenging, but we have seen new problems arise in recent years. Many in the industry have expressed concerns about their ability to deliver on new projects. People say that even if they win a new project, they are still determining if they can deliver it. The industry is at a tipping point, and it's time to figure out how to manage resources effectively.
One of the big buzzwords you will hear in the future is "capacity building." Capacity building is how organizations can increase their capacity to deliver projects with their existing resources. Banks and financial organizations will ask for capacity-building plans, and organizations that can effectively implement this will come out on top.
One of the biggest challenges in the construction industry is the labour shortage. According to the Canadian Construction Association, approximately 22% of the workforce in construction and infrastructure is expected to retire by 2028, which will only add to the shortage. Coupled with the reduction in skilled workers from other countries and increased competition from other G7 nations, it's crucial to get ahead of the labour shortage.
2023 is expected to be a highly competitive market, and it will be interesting to see how organizations in the construction industry adapt and evolve. The future looks bright, but it requires a lot of preparation and hard work.
In conclusion, heading into 2023, the construction industry faces significant challenges. However, with the right strategies and preparation, organizations can overcome these challenges and come out on top. It's an exciting time for the industry, and we look forward to seeing how it evolves in the coming year.
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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:
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.
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.
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 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.
Whether you have a question about training, keynotes, books, virtual events or anything else, we are ready to answer all your questions.
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