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Canadian labour force capitalizing on skills shortages by retraining for new opportunities


Canadian labour force capitalizing on skills shortages by retraining for new opportunities

88 per cent plan on, or are considering acquiring new skills, according to Hays Canada survey

TORONTO, Oct. 21, 2013 /CNW/ - While corporate Canada grapples with the challenges associated with Canada's ongoing skills shortage, Canadian employees see a silver lining. According to Hays Canada's survey What People Want 2013, which collected data from more than 3,000 working and non working Canadians, 88 per cent plan on, or are considering acquiring news skills to capitalize on skills shortages in other industries. 

Canadians are well aware that many industries face a talent gap. Seventy-five per cent believe there is a moderate to extremely high skills shortage and a corresponding number (78%) experience moderate to extremely high workplace pressures because of it.

The Hays Canada survey complements Hays' second annual Global Skills Index (created in partnership with Oxford Economics), released today, which reveals that the talent mismatch is widening in Canada. Canada scored 5.9 on a 10 point scale (up from 5.6 in 2012) because of perceived tightening immigration legislation, and an increase of working age Canadians entering the labour market.

"Canadian businesses have options when it comes to dealing with skills shortages," said Rowan O'Grady, President Hays Canada. "When the perfect candidate does not leap off the page they can invest in those who come across as smart, with related education and work experience, someone who can be trained for the position. Making this investment in an employee allows for career progression and brings rewards in terms of loyalty and retention."

Additional statistics from Hays Canada's What People Want 2013 survey:


    --  56% of the Canadian labour force doesn't know what the federal
        government's Canada Job Grant program is; of the ones that do
        44% don't believe it's a good solution to the skills shortage
        issue.
    --  38% of the Canadian labour force is likely to highly likely to
        relocate for the right opportunity, and 70% rank their level of
        mobility within Canada as moderate to extreme.

The Hays Global Skills Index 2013 measures several key indicators that 
determine a country's skill shortages including strength and resilience of its 
economy, labour market health, quality and flexibility of education, and the 
demand and supply of labour (particularly in high-skills industries and 
occupations). A score above the mid-point of 5.0 suggests that employers are 
witnessing difficulties finding the key skills they need and are suffering 
market friction. Canada's 2013 score indicates an intermediate degree of 
elevated wage pressures.

Hays Canada's What People Want 2013 report collected data from more than 3,000 
Canadian professionals, from 16 industries and 20 functional departments 
ranging from administration to C-level executives. To download a free copy 
visit www.hays.ca.

The Hays Global Skills Index 2013 reviewed data from 30 countries to help 
employers, employees, and policy makers understand the dynamics of their 
labour markets, and to make comparisons across geographies. Interested parties 
can download the report here www.hays-index.com.

Hays is an international recruitment consultancy with a strong Canadian 
presence with offices in Vancouver, Calgary, Toronto, Mississauga and Ottawa. 
Hays has more than 150 specialized consultants offering a broad range of 
corporate recruiting expertise, with particular specializations in serving the 
oil and gas, Information Technology, finance and accounting, and construction 
and property, and mining and resources sectors.

About Hays Canada:

Hays Specialist Recruitment Canada is a wholly owned subsidiary of Hays plc, 
which has been at the forefront of the global recruitment industry for over 
thirty-five years. With annual revenues of over £2.1 billion, Hays Specialist 
Recruitment is the largest specialist recruitment consultancy in the world.

SOURCE Hays Canada

For more information please contact:

Kieran Lawler Media Profile kieran.lawler@mediaprofile.com Direct: 416-342-1823 Mobile: 416-303-0799

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2013/21/c4912.html

CO: Hays Canada ST: Ontario NI: ECOSURV

-0- Oct/21/2013 12:30 GMT

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