There are many factors that play a role in workforce trends, even more so in Canada. Some of these factors include politics, the government’s decisions regarding budget, as well as the country’s economics.
With so many factors influencing the workforce, it is important to analyse and keep track of workforce trends, and see how these factors influence said trends. In this article, we take a closer look at some of the latest workforce trends brought about politics and economics.
Increase in Manufacturing
While the skilled workforce remains in high demand, the current market predicts that we are seeing an increase in manufacturing professionals. The current environment dictates that this increase will lead to a favourable export market and a higher demand for manufacturing professionals.
Increase in Demand for Skilled Workforce
As mentioned, the skilled workforce remains strong and stable. We see an increase in the need of a highly skilled workforce in a wide array of industries and sectors. This includes the manufacturing industry, the natural gas energy field, as well as the energy sector.
Technical Staff in High Demand
Thirdly, both the increase in manufacturing and demand for skilled workers also adds to an increase in the demand for highly skilled technical staff. This is primarily seen in the construction, mining and agricultural sectors where the skilled technical staff is crucial.
Unemployment Rate to Stabilise
Over the past couple of years, we’ve seen a huge skills gap and a high unemployment rate amongst graduates and youth. These issues have been addressed and due to the increased need for technical staff and highly skilled workers, we are seeing a stabilised unemployment rate.
Higher Need for All-Rounders
As we see a rise in the need for skilled professionals, we are also seeing more and more companies looking for workers who are skilled in several fields. Companies are also looking at ways to ensure employees get the support and training opportunities to up their game and add value to the workforce.
As the political realm fluctuates constantly, these fluctuations have a ripple effect on Canada’s politics, economy and workforce. Keeping an eye on these matters ensures companies and employees are up to speed with current trends.
