Written by A. Woelk-Webb, Employment Specialist with Next-Steps Employment Centre – Dundas-Dixie
When job searching, it is useful to know current trends in the labour market and how this may impact hiring in your industry. A few key trends in the labour market for 2018:
- The two sectors of fastest employment growth are the Oil & Gas and the Health sector
- Replacement demand represents nearly 70% of projected job openings over the next ten years.
- Retirement is a source of replacement demand.
- About two-thirds of projected retirements are in high-skilled occupations or management.
- 7 out of 10 new job openings are in high-skilled or management positions.
- The projected increase in the number of retirements is ageing baby boomers.
10 FASTEST GROWING OCCUPATIONS IN CANADA, 2011 – 2020
- Primary Production Managers
- Underground Miners, Oil & Gas Drillers
- Physicians, Dentists and Veterinarians
- Human Resources and Business Service Professionals
- Other Occupations in Personal Service
- Supervisors, Mining and Oil and Gas
- Therapy and Assessment Professionals
- Mine Service Workers and Operators in Oil
- Photographers, Graphic Arts Technicians
- Nurse Supervisors and Registered Nurses
NEW WORK: CREATIVE AGE JOB TREND – TOP TWO SKILLS NEEDED
The Information Economy refers to the shift away from manufacturing/industrial and physical labour to work that requires problem solving, ideation, research, analysis, management of projects, IT, and the automation of former manual labour positions. To transition to this new economy, certain skills are preferred by employers and essential to perform the new work. The top two (of ten) desired skills are:
1) Sense Making – ability to determine the significance or delve into the deeper meaning of whatever is being expressed. These are skills that help us create unique insights critical to decision making.
2) Social Intelligence Skills – social competence to be socially aware of others and manage relationships intelligently. Key skill for collaboration and building relationships based on trust.
(See link for source & more information: www.iftf.org/uploads/media/SR-1382A_UPRI_future_work_skills_sm.pdf)
STATISTICAL INFORMATION FOR FUTURE JOB TRENDS, TORONTO, ONTARIO, CANADA
- Ontario’s labour market: www.ontario.ca/page/labour-market
- Toronto’s labour market: www.jobbank.gc.ca/explorecareers.do
- Employment trends in Toronto: https://www1.toronto.ca
- Canada’s labour market: www.statcan.gc.ca/eng/subjects/Labour?HPA=1
- Toronto Workforce Innovation Group: http://workforceinnovation.ca/
- Peel Halton Workforce Development Group: www.peelhaltonworkforce.com
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