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Labour Market Information- The Future Susan Williams, Assistant Deputy Minister People and Skills Investments - November 2005. Presentation Overview. Labour Market Information’s role in: Alberta’s skill shortages HRE initiatives addressing labour market shortages What the future holds.
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Labour Market Information- The FutureSusan Williams, Assistant Deputy MinisterPeople and Skills Investments - November 2005
Presentation Overview • Labour Market Information’s role in: • Alberta’s skill shortages • HRE initiatives addressing labour market shortages • What the future holds
Alberta’s Current Situation • Alberta’s economy continues to grow, with 40,000 new jobs created in 2004. In Alberta we have: • The lowest unemployment rate (4.6%). • The highest participation rate (73.6%). • The highest employment rate (70.2%). • A tight labour market
Alberta and Skill Shortages Key Factors: • Ongoing development of Alberta’s oil sands • Increased competition for labour • Aging Labour Force • Slow labour force growth
Labour Shortages – are they really there? • Three main indicators of shortages: • 28 of 53 occupational groups reported less than 3% unemployment, • 56% of employers reported hiring difficulties, and • 28% of employers had at least one position unfilled for over 4 months.
Will the Shortages continue?Alberta Occupational Demand and Supply Outlook Models • Over 400,00 new jobs will be created between 2004 and 2014; average annual increase of 1.9%. • Over 300,000 new workers; average annual increase of 1.4%. • New jobs will exceed new workers in 2012. • Trades and construction occupations - labour supply shortages • Oil and gas occupations - tight labour market.
Approach Government and Industry need to work together to minimize the risks involved in decision-making Productive discussions and coordinated efforts about things that matter and in areas where we can make a difference. Proposed series of economic indicators with benchmarks that could serve as a DASHBOARD.
DASHBOARD • Unemployment Rate – Less than 3% = shortage. • Vacancy Rate –Over 2% = shortage. • Hiring Difficulty Rate –Over 25% = shortage. • Dashboard – for key decision-makers
DASHBOARD All indicators show shortage OR both the vacancy rate is over 5% and reported hiring difficulty over 40%. One indicator or more shows shortage. No indicators show shortage.
The DashboardLabour Demand and Supply • Managers in Construction and Civil Engineers • Engineers (excluding Civil Engineers) • Plumbers, Sheet Metal Workers
Forestry and Logging Sector Dashboard Indicators • Logging & Forestry Labourers • Truck Drivers • Supervisors in Forest Products Processing • Forestry Technologists and Technicians • Logging Machinery Operators • Labourers in Wood, Pulp and Paper Processing
Retail Dashboard Indicators • Retail Trades Supervisors • Retail and Wholesale Buyers • Retail Salespersons and Sales Clerks
Health Related Occupations • Veterinarians • Chiropractors • Paramedics • Occupational Therapists • Audiologists and Speech Pathologists
Hospitality Dashboard Indicators • Food Counter Attendants, Kitchen Helpers and Related • Food and Beverage Servers • Hotel Front Desk Clerks • Chefs
Alberta Occupational Demand and Supply Outlook Models New jobs will exceed new workers in 2012. Electrical Trades2005 2008 Carpenters2005 2012
What is HRE doing? • Investing in workforce development; working with the federal government to increase investment in skills training. • Part of the solution is utilizing all sources of labour. • HRE provides career and employment information and training to persons with disabilities, lower skilled Albertans, skilled immigrants and Aboriginal people to meet industry needs.
LMI and Industry • LMI Review: • valuable information for career decision –makers • valuable information for employers – who would be willing to pay for this information • Roundtables Main Findings • skill shortages influence workplace health and safety, productivity and competition for labour supply. • need for better information and collaboration.
HRE Initiatives For 2005-06, HRE initiatives include: • Updating information products • Liaising with industry • Supporting industry with appropriate policies • Expanding our LMIC’s
Summary • Information is critical • The Format is critical • It is critical to get the right information to the right people at the right time to make the right decisions.
Further Information • AHRE (Labour Market Information) • www.gov.ab.ca/hre/lmi • Alberta learning Information Services (ALIS) • www.alis.gov.ab.ca • Alberta Wage and Salary Survey • www.alis.gov.ab.ca/wageinfo • Alberta’s Occupational Demand and Supply Outlook models • E-mail: Lfs.analyst@gov.ab.ca