Attracting and Retaining a Skilled Workforce: Your Guide to Navigating Today's Labour Market

Master the Art of Employee Attraction and Retention with Eddie LeMoine

"Understanding the art of attracting and retaining a skilled workforce is crucial in today's dynamic business landscape. We explore practical strategies and insights into workforce management, emphasizing how businesses can adapt and thrive in the evolving market.

In today's fast-evolving labour market, the challenge of attracting and retaining skilled workers is paramount. Firstly, understanding the impact of the pandemic is crucial. It has reshaped how we think about work, leading to a surge in remote and hybrid models.

Furthermore, this shift has highlighted the importance of flexible work environments. Leaders must adapt, embracing these changes to stay competitive. Consequently, strategies that were effective pre-pandemic may no longer suffice. Therefore, developing new approaches that resonate with the current workforce is essential.

Additionally, focusing on employee engagement and satisfaction is vital. By doing so, companies can create a more attractive workplace, leading to higher retention rates. Moreover, nurturing a continuous learning and development culture can empower employees, fostering loyalty and a sense of belonging.

In conclusion, businesses must stay agile, embracing innovative strategies to thrive in this dynamic landscape."

Eddie LeMoine

The pandemic has rewritten the rules of employment. Traditional methods for attracting and retaining talent are becoming obsolete. Now, you're not just competing with local businesses but also with companies in New York, the UK, and Brazil. What does the future hold for your organization? Eddie LeMoine provides invaluable insights into the evolving employment landscape.

What You'll Gain from This Session

Key Insights for a Skilled Workforce

Eye-Opening Statistics

Eddie LeMoine offers a comprehensive guide to understanding and tackling the skills shortage. His talks are not just informative but transformative, equipping you with the tools you need to succeed.

The skills shortage was predictable; what we did not see coming would be the pandemic's impact on intensifying the skills shortage. Let me walk you through some of the data to better understand today's employment numbers.

Canada will soon be fully employed, with the current jobless rate approaching 5%. So, what does that even mean? From an employment perspective, the people left for hire don't match the positions available in the marketplace; this is the beginning of what we are experiencing as a skills shortage. With the current jobless rate, coupled with the fact that we have more than a million job vacancies, Canada, is about to witness the biggest disrupter we have seen in decades. The real problem isn't our jobless rate; it is more about what is happening in the US as their rate sinks under 4%, and they have over eleven million open jobs. They will be looking north of the border to attract workers to help fill their current and future employment needs.

The retiring baby boomers were a very predictable but manageable number. We knew it would happen; plenty of available data showed how many Canadians would reach the age of sixty-five each year. However, for some reason, many ignored facts, and during the pandemic, Canada witnessed approximately nine hundred thousand baby boomers retire and leave the workplace. We will continue to see an additional eighty-five hundred exit the workplace every week this year. These numbers are staggering when you think of how small the Canadian workforce is compared to other G8 countries. With a declining population, there is no hidden generation coming behind the boomers to fill the vacancies as they retire.

So why does it matter the boomers are retiring? Well, it's a numbers game, and the boomer is our most significant generational cohort, and their leaving is a big deal. So, people might think there are many young people to fill the void, but the opposite is true; each year the boomers leave, fewer people will be working, supporting the retired people. We now have more older people than young people. We are now feeling the crunch of a declining population.

Yes, immigration is a big part of the solution, but the pandemic has put us further behind our progression. During the first year of the pandemic, we saw immigration reduced from three hundred and forty-one thousand in 2019 to one hundred and eighty-five thousand in 2020. We were doing okay; we kept on top of things between young people entering the workforce and new immigrants moving to Canada. 

The problem with the numbers was that we had no wiggle room if things went sideways ( and sideways they went). To make matters worse, as many as two hundred thousand emigrants left Canada to return to their country to be with their families during the pandemic. The bottom line is we fell behind on immigration, and many other industrial countries did the same, and now they are all looking for immigrants to fulfill their employment requirements. 

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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