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© LABOUR MARKET INFORMATION © MCC Agora Employment Essentials Inc. 2011.

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Presentation on theme: "© LABOUR MARKET INFORMATION © MCC Agora Employment Essentials Inc. 2011."— Presentation transcript:

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2 © LABOUR MARKET INFORMATION © MCC Agora Employment Essentials Inc. 2011

3 What is a job? piece of work specific duty, role or function ©MCC Agora Employment Essentials Inc. 2011

4 What is a career? Total sum of your life experiences including: education paid and unpaid work community, volunteer and family activities unfolds throughout life unique to every person ©MCC Agora Employment Essentials Inc. 2011

5 LABOUR MARKET TRENDS Labour market trends provide a framework for how the labour market influences our career choices. Labour market trends provide a framework for how the labour market influences our career choices. ©MCC Agora Employment Essentials Inc. 2011

6 What is the Labour Market? Labour market is the supply and demand of our “labour” which includes everyone who is either working or looking for work Labour market is the supply and demand of our “labour” which includes everyone who is either working or looking for work ©MCC Agora Employment Essentials Inc. 2011

7 What was BC’s economical prosperity based on in the past? Natural resources and industry:

8 Today much of BC’s economical prosperity is based on service industries In 2006: 98% of BC Business with 1-49 employees 98% of BC Business with 1-49 employees 1,012,100 of BC jobs are derived from small business 1,012,100 of BC jobs are derived from small business In 2008: 98% of employment in BC is derived from small business 98% of employment in BC is derived from small business

9 What does this mean to you? Find more work with small companies Find more work with small companies Increased responsibilities on the job Increased responsibilities on the job Varied tasks requiring various skills Varied tasks requiring various skills Be knowledgeable about the “big picture” Be knowledgeable about the “big picture” Be flexible – respond quickly to change Be flexible – respond quickly to change Part-time/contract work/self-employment Part-time/contract work/self-employment ©MCC Agora Employment Essentials Inc. 2011

10 TECHNOLOGY “I think there is a world market for maybe five computers.” Thomas Watson, Chairman of IBM 1943 “ 640K ought to be enough for anybody.” Bill Gates, 1981 “Computers in the future may weigh no more than 1.5 tons.” Popular Mechanics, 1949 “ There is no reason anyone would want a computer in their home.” Ken Olson, President and founder of Digital Equipment 1977

11 TECHNOLOGY Computer revolution Computer revolution Security monitoring systems Security monitoring systems e-Learning, eHealth e-Learning, eHealth 24/7 syndrome 24/7 syndrome Internet/”Digital Natives” Internet/”Digital Natives” Cell phones/Blackberry/iPhone Cell phones/Blackberry/iPhone Wireless/WiFi/Bluejacking Wireless/WiFi/Bluejacking Satellite radio/iPod Satellite radio/iPod Cyber meetings Cyber meetings Social networking Social networking Interactive multimedia/3D animation/Gaming Interactive multimedia/3D animation/Gaming Biotech/Pharmaceutical Biotech/Pharmaceutical

12 What does this mean to you? Constant increase in outsourced jobs Constant increase in outsourced jobs Know the impact of world trends Know the impact of world trends Telecommuting/teleworking Telecommuting/teleworking Continuously upgrade technology skills Continuously upgrade technology skills Be able to handle increasing amounts Be able to handle increasing amounts of information Find types of work that never existed before Find types of work that never existed before

13 Societal Trends Environment/Green building/”Smart Architecture” Environment/Green building/”Smart Architecture” Hybrid cars/Bio-fuels Hybrid cars/Bio-fuels Recycling/Cradle-to-cradle Recycling/Cradle-to-cradle Teleworking Teleworking Healthy lifestyles/Treats Healthy lifestyles/Treats Security Security Lifelong learning Lifelong learning De-institutionalization of the aging De-institutionalization of the aging Micro-manufacturing Micro-manufacturing More women in the workplace More women in the workplace Virtual stores Virtual stores Contracting/Self-employment Contracting/Self-employment

14 What does this mean to you? More opportunity for contract work, consulting, job sharing More opportunity for contract work, consulting, job sharing Flexible work schedules Flexible work schedules Part-time work Part-time work Freedom to choose who you work for Freedom to choose who you work for Wide variety of work contacts for network Wide variety of work contacts for network

15 POLITICAL & ECONOMIC FACTORS Globalization/World economy/Outsourcing Globalization/World economy/Outsourcing War on terrorism War on terrorism Government cuts in social programs Government cuts in social programs Softwood lumber dispute Softwood lumber dispute Bio-energy/Green energy Bio-energy/Green energy Fluctuation in Canadian dollar Fluctuation in Canadian dollar Environmental policy/Protection Environmental policy/Protection

16 What does this mean to you? Compete with companies around the world Compete with companies around the world Find ways to do things more cheaply Find ways to do things more cheaply Ability to change direction quickly to respond to the marketplace Ability to change direction quickly to respond to the marketplace Meet the needs of a wide range of customers Meet the needs of a wide range of customers

17 DEMOGRAPHICS Aging population/Health care Aging population/Health care Holistic medicine Holistic medicine Immigration services Immigration services Services to Baby Boomers Services to Baby Boomers Medical hotlines/Medical tourism Medical hotlines/Medical tourism ‘Re-career’ ‘Re-career’ 2008 - 50% of all job openings due to retirement by 2015 2008 - 50% of all job openings due to retirement by 2015

18 What does this mean to you? More consulting opportunities More consulting opportunities Qualified people will be harder to find Qualified people will be harder to find Many workers will continue to work beyond Many workers will continue to work beyond age 65 People will continue to work due to not having private pension plans and financial insecurity People will continue to work due to not having private pension plans and financial insecurity Companies looking primarily for talent not employees Companies looking primarily for talent not employees ©MCC Agora Employment Essentials Inc. 2011

19 Technology Societal Trends Political & Economic Demographics Computerization E-learning Immigration/Services News/Media Security Systems In home security Tracking systems for seniors 911/War on Terrorism Outsourcing Environmental Services E-Commerce Internet/ 24/7 Syndrome Dr./Nurse Hotlines Environmental Policy/Protection Recycling Technology Alternative Health Services Aging Baby Boomers SUPPLY AND DEMAND

20 STEPS FOR SUCCESS Let go of the past. Let go of the past. Essential skills: literacy, numeracy, computer, communication and interpersonal Essential skills: literacy, numeracy, computer, communication and interpersonal Network of Contacts – Global Network of Contacts – Global You need energy, enthusiasm You need energy, enthusiasm and the ability to work hard and the ability to work hard Be a Life-Long Learner Be a Life-Long Learner

21 STEPS FOR SUCCESS “What goods or services can I provide that someone is willing to pay for?”


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