Even though the Canadian’s economy keeps growing at a rapid rate, the country is facing a shortage of skilled labor. A significant percentage of jobs in the country is waiting to be filled.
According to the CFIB (Canadian Federation of Independent Business) recent report, Canada doesn’t have enough skilled workers to take up the positions in different parts of the country.
This is happening in the wake of the overhaul in the employment sector.
Even though there is a labor shortage, around 1.1 million Canadian and immigrants are unemployed. One of the factors that contributed to this is the frequent mismatch between the created jobs and the labor force.
This issue is a great concern for several small businesses in Canada. The labor shortage is seriously hindering productivity.
Occupations With Highest Vacancy Rates In Canada
In line with the recent reports from CFIB, the category of workers that are in high demand include the personal service workers and construction workers. The vacancy rates for both is 3.7% and 4.5% respectively.
The North American country is also battling with a shortage of health professionals and industrial technicians. This is because employers have a tough time getting the right candidates in filling such positions.
Can Adjustability Help Solve Labor Shortage?
Without mincing words, labor mobility can drastically mitigate the issue of labor shortage in Canada. People living in regions that are battling with this problem can move to the areas where there is an improvement.
The rate of inter-provincial migration has been dropping since 1970. The truth is that a significant percentage of Canadians are not ready to leave their loved ones to seek employment. Most employers find it daunting to get employees with much-needed skills.
Policymakers are often encouraged to simplify the processes of inter-provincial migration. This will provide a lasting solution to the issue of the labor shortage.
Another thing is to align certification across different provinces. This can go a long way to help licensed professionals gain accreditation in other provinces without any hassle.