Nearly 50% of the job vacancies pay less than the average wage
Wages are growing at 3.5% rate as compared to inflation which is over 6%
There are challenges facing affordable housing
Education needs to better align with jobs of today and tomorrow
All levels of government need to address issues with productivity
All levels of government need to address issues with supply chain
Human Capital and Workforce Planning| Canada and the Worldpaul young cpa, cga
Blog – Human Capital and Workforce Planning – Canada and the World
Canada economy has been struggling for years due to excessive taxation and regulations.
Jobs of today and tomorrow requires many years of education and skills certification
A good chunk of jobs will be automated as part of business process changes.
Immigration needs to be better tied to economic growth.
1. Job crisis – https://www.brightermonday.co.ug/discover/how-to-beat-the-unemployment-crisis-after-the-covid19
2. At risks jobs to automation - https://www.workandmoney.com/s/dying-professions-83f89af396e34d92
3. Automation - https://www.businessnewsdaily.com/9835-automation-tech-workforce.html
4. Certification - https://www.simplilearn.com/highest-paying-jobs-in-canada-article
5. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
6. FDI and Canada - https://www.advisor.ca/news/industry-news/foreign-direct-investment-crimped-by-covid-statscan/ (Decline with FDI in the goods-producing sector)
7. Competitiveness - https://financialpost.com/news/economy/labour-shortages-competitiveness-and-inflation-the-key-risks-to-canadas-economy
8. Inflation - https://www.bnnbloomberg.ca/economics/video/the-cost-of-everything-is-going-up-fast-and-we-re-in-it-for-the-long-haul-derek-holt~2384980
9. Middle class - https://www.fraserinstitute.org/studies/measuring-the-impact-of-federal-personal-income-tax-changes-on-middle-income-canadian-families-since-2015
10. Placement rates - https://www.ontario.ca/page/college-graduation-satisfaction-and-job-rates
11. Debt crisis - https://www.devex.com/news/world-bank-says-debt-crisis-in-lower-income-nations-is-alarming-102662
12. Soft skills demand - https://hr.economictimes.indiatimes.com/news/workplace-4-0/5-soft-skills-needed-in-2022-and-why-do-they-matter-in-the-workplace/89649862
Blog – What is next for HR and Human Capital Management
I have written many blogs on HR-related issues for many years. The closing of the skill gaps has still not been resolved. In fact, one could argue the skills gaps has increased due to many factors like business automation, industry 4.0, advance manufacturing, ESG reporting, movement to the circular economy, 3D housing, etc.
More needs to be done to better align skills with jobs of today and tomorrow.
1. Job vacancies – https://www.linkedin.com/news/story/over-1m-unfilled-jobs-in-canada-4591585/
2. Skill trades - https://discover.rbcroyalbank.com/powering-up-industry-voices-address-the-impending-talent-gap-in-skilled-trades/
3. Immigration and alignment with skills gaps - https://canada.constructconnect.com/dcn/news/government/2022/01/industry-perspectives-op-ed-immigration-system-must-be-aligned-with-ontarios-labour-needs
4. Job quality - https://www.prepareforcanada.com/after-you-arrive/employment-in-canada/the-canadian-job-landscape-is-changing-will-you-be-ready/
5. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
6. Living wage - https://www.ft.com/content/d5f2ab19-dda0-4406-ae12-bdf65b9ad7e7
7. Wages - https://www.wisegeek.net/what-is-the-relationship-between-cost-of-living-and-wages.htm
8. GDP per capita - https://stacker.com/stories/2534/100-countries-highest-gdp-capita
9. Green inflation - https://www.ft.com/content/80cbd05f-d722-411f-9bbe-155cd8c06f7e
10. Jobs in demand - https://dailyhive.com/vancouver/in-demand-highest-paying-jobscanada-2022
Human Capital and Workforce Planning| Canada and the Worldpaul young cpa, cga
Human capital management is becoming a critical issue for both the private and public sectors. I have written many blogs and presentations on human capital. The fix is not the difficult as it relates to the training and development of employees for current and future jobs. The old saying “Quality work demands quality people and product”
1. Wages - https://www.washingtonexaminer.com/restoring-america/community-family/should-america-follow-canadas-low-wage-high-immigration-model
2. November 2021 jobs - https://ca.news.yahoo.com/november-jobs-report-what-to-know-this-week-144428419.html
3. AI and jobs - https://www.koreatimes.co.kr/www/biz/2021/11/488_319499.html?tw
4. 2022 Automation - https://www.uipath.com/blog/automation/top-automation-trends-2022
5. Digital - https://www.zdnet.com/article/top-7-trends-shaping-digital-transformation-in-2022/
6. Digital - https://venturebeat.com/2021/11/06/report-only-7-of-it-decision-makers-say-theyre-equipped-for-digital-transformation/
7. Skills trades - https://www.northernontariobusiness.com/industry-news/training-education/province-announces-90m-to-promote-skilled-trades-4798564
8. Wages - https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
9. Business investment - https://www.conference-board.org/research/us-forecast
10. Business investment - https://www.reuters.com/markets/rates-bonds/australia-q3-business-investment-slips-outlook-surprisingly-resilient-2021-11-25/
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
2019 Election| Human Capital and Skills Management| June 2019paul young cpa, cga
More emphasis on trades
Education needs to push people into math, sciences, trades and IT fields
All level governments need to stopped finding ways to tax people. The emphasis on government should be value for money
All levels of governments and the private sector need to work together on integrated strategy to ensure people are prepared for jobs of today and tomorrow
Ontario needs to eliminate the skill trades college
Immigration should not be based on a quota but tied to economic growth.
All levels of government need to streamline their regulations.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
2019 Election| Human Capital and Skills Management| Canada| September 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Government needs to adjust their workplace model to the digital economy
Government policies like hikes to small business tax and/or elimination of tax credits are making Canada less competitive when it comes to attracting brain power.
Human Capital and Workforce Planning| Canada and the Worldpaul young cpa, cga
Blog – Human Capital and Workforce Planning – Canada and the World
Canada economy has been struggling for years due to excessive taxation and regulations.
Jobs of today and tomorrow requires many years of education and skills certification
A good chunk of jobs will be automated as part of business process changes.
Immigration needs to be better tied to economic growth.
1. Job crisis – https://www.brightermonday.co.ug/discover/how-to-beat-the-unemployment-crisis-after-the-covid19
2. At risks jobs to automation - https://www.workandmoney.com/s/dying-professions-83f89af396e34d92
3. Automation - https://www.businessnewsdaily.com/9835-automation-tech-workforce.html
4. Certification - https://www.simplilearn.com/highest-paying-jobs-in-canada-article
5. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
6. FDI and Canada - https://www.advisor.ca/news/industry-news/foreign-direct-investment-crimped-by-covid-statscan/ (Decline with FDI in the goods-producing sector)
7. Competitiveness - https://financialpost.com/news/economy/labour-shortages-competitiveness-and-inflation-the-key-risks-to-canadas-economy
8. Inflation - https://www.bnnbloomberg.ca/economics/video/the-cost-of-everything-is-going-up-fast-and-we-re-in-it-for-the-long-haul-derek-holt~2384980
9. Middle class - https://www.fraserinstitute.org/studies/measuring-the-impact-of-federal-personal-income-tax-changes-on-middle-income-canadian-families-since-2015
10. Placement rates - https://www.ontario.ca/page/college-graduation-satisfaction-and-job-rates
11. Debt crisis - https://www.devex.com/news/world-bank-says-debt-crisis-in-lower-income-nations-is-alarming-102662
12. Soft skills demand - https://hr.economictimes.indiatimes.com/news/workplace-4-0/5-soft-skills-needed-in-2022-and-why-do-they-matter-in-the-workplace/89649862
Blog – What is next for HR and Human Capital Management
I have written many blogs on HR-related issues for many years. The closing of the skill gaps has still not been resolved. In fact, one could argue the skills gaps has increased due to many factors like business automation, industry 4.0, advance manufacturing, ESG reporting, movement to the circular economy, 3D housing, etc.
More needs to be done to better align skills with jobs of today and tomorrow.
1. Job vacancies – https://www.linkedin.com/news/story/over-1m-unfilled-jobs-in-canada-4591585/
2. Skill trades - https://discover.rbcroyalbank.com/powering-up-industry-voices-address-the-impending-talent-gap-in-skilled-trades/
3. Immigration and alignment with skills gaps - https://canada.constructconnect.com/dcn/news/government/2022/01/industry-perspectives-op-ed-immigration-system-must-be-aligned-with-ontarios-labour-needs
4. Job quality - https://www.prepareforcanada.com/after-you-arrive/employment-in-canada/the-canadian-job-landscape-is-changing-will-you-be-ready/
5. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
6. Living wage - https://www.ft.com/content/d5f2ab19-dda0-4406-ae12-bdf65b9ad7e7
7. Wages - https://www.wisegeek.net/what-is-the-relationship-between-cost-of-living-and-wages.htm
8. GDP per capita - https://stacker.com/stories/2534/100-countries-highest-gdp-capita
9. Green inflation - https://www.ft.com/content/80cbd05f-d722-411f-9bbe-155cd8c06f7e
10. Jobs in demand - https://dailyhive.com/vancouver/in-demand-highest-paying-jobscanada-2022
Human Capital and Workforce Planning| Canada and the Worldpaul young cpa, cga
Human capital management is becoming a critical issue for both the private and public sectors. I have written many blogs and presentations on human capital. The fix is not the difficult as it relates to the training and development of employees for current and future jobs. The old saying “Quality work demands quality people and product”
1. Wages - https://www.washingtonexaminer.com/restoring-america/community-family/should-america-follow-canadas-low-wage-high-immigration-model
2. November 2021 jobs - https://ca.news.yahoo.com/november-jobs-report-what-to-know-this-week-144428419.html
3. AI and jobs - https://www.koreatimes.co.kr/www/biz/2021/11/488_319499.html?tw
4. 2022 Automation - https://www.uipath.com/blog/automation/top-automation-trends-2022
5. Digital - https://www.zdnet.com/article/top-7-trends-shaping-digital-transformation-in-2022/
6. Digital - https://venturebeat.com/2021/11/06/report-only-7-of-it-decision-makers-say-theyre-equipped-for-digital-transformation/
7. Skills trades - https://www.northernontariobusiness.com/industry-news/training-education/province-announces-90m-to-promote-skilled-trades-4798564
8. Wages - https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
9. Business investment - https://www.conference-board.org/research/us-forecast
10. Business investment - https://www.reuters.com/markets/rates-bonds/australia-q3-business-investment-slips-outlook-surprisingly-resilient-2021-11-25/
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
2019 Election| Human Capital and Skills Management| June 2019paul young cpa, cga
More emphasis on trades
Education needs to push people into math, sciences, trades and IT fields
All level governments need to stopped finding ways to tax people. The emphasis on government should be value for money
All levels of governments and the private sector need to work together on integrated strategy to ensure people are prepared for jobs of today and tomorrow
Ontario needs to eliminate the skill trades college
Immigration should not be based on a quota but tied to economic growth.
All levels of government need to streamline their regulations.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
2019 Election| Human Capital and Skills Management| Canada| September 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Government needs to adjust their workplace model to the digital economy
Government policies like hikes to small business tax and/or elimination of tax credits are making Canada less competitive when it comes to attracting brain power.
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Skills Gap - Canada - Commentary and Analysis - September 2018paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across
Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Wages and Job Vacancies (Job Quality) - Canada - May 2022 and April 2022.pptxpaul young cpa, cga
Canada is struggling with over 1M unfilled jobs. Nearly 48% of those jobs pay less than the average wages
More and more levels of government are moving towards digital adoption as part of streamlining the delivery of programs and services.
Canada has over 2M backlog with immigration
Canada needs to focus more on policies that will better support expansion of exports and the building of a resilient supply chain.
Employment rose by 0.3% in November, following an increase of 0.5% in October. From May to September, employment grew by an average of 2.7% per month.
Full-time employment rose by 99,000 in November, while part-time work was little changed.
Among those who worked at least half of their usual hours, 4.6 million worked from home in November.
Growth in self-employment stalled in November and compared to public sector and private sector employees, employment in this group remained furthest from the February pre-COVID level (-4.7%; -136,000).
Total hours worked rose by 1.2% in November. Since May, total hours worked has recovered steadily as the initial COVID-19 economic shutdown has given way to more limited and targeted public health measures.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201204/dq201204a-eng.htm
This presentation will discuss careers in demand for 2018.
Manpower predicts strong hiring through 2018 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
Employment was little changed in April after two consecutive months of growth. The unemployment rate edged down 0.1 percentage points to 5.2%.
Increases in employment in professional, scientific and technical services and public administration were offset by declines in construction and retail trade. There were more people working in the Atlantic region and Alberta, while employment fell in Quebec. At the national level, employment gains among core-aged women aged 25 to 54 were offset by a decrease among core-age men.
Total hours worked fell 1.9% in April, driven in part by absences related to illness or disability.
Average hourly wages were up 3.3% (+$0.99 to $31.06) year over year, similar to the growth observed in March (+$1.03; +3.4%).
As of the April reference week (April 10 to 16), remaining capacity limits affecting business operations had generally been lifted, although some combination of masking, proof-of-vaccination, or testing remained a requirement in some settings in certain jurisdiction
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Blog – Wages and Job Vacancies – Canada – July 2022
Nearly 50% of the job vacancies pay less than the average wage
Housing and rent costs are becoming a big problem for Canadians
Not enough is being done to address issues with the skill trades
Healthcare continues to face many challenges including addressing labor shortages
Liberals continue to push policies that are more long-term focus instead of addressing how to reduce EMEA dependency on Russian Oil and Natural Gas - https://www.slideshare.net/paulyoungcga/what-is-next-for-canadas-mining-forestry-energy-and-agricultural-sectorspptx
All levels of government and the private sector need to work together to build a resilient supply chain in Canada - https://www.slideshare.net/paulyoungcga/how-best-to-build-a-reslient-supply-chainpptx
Summary:
856K job vacancies
50% of the job vacancies pay less than the average wage
More and more organizations continue to invest in business automation
1. Wages https://betterdwelling.com/canadian-job-vacancies-are-rising-but-wages-arent-budging/
2. Top careers - https://www.entrepreneur.com/article/414839
3. Business Students - https://goodmenproject.com/business-ethics-2/top-career-trends-for-business-students-in-2022-and-beyond/
4. Housing costs and Wages http://blog.oxfordeconomics.com/content/us-and-canada-housing-affordability-edged-down-in-q3
5. Household debt - https://www.mpamag.com/ca/news/general/cibcs-tal-on-how-fast-interest-rates-might-rise/326675
6. Income inequality - https://www.ictsd.org/how-to-reduce-income-inequality-in-canada/
7. Automation - https://www.forbes.com/sites/forbescoachescouncil/2022/02/24/10-ways-automation-might-affect-job-markets-in-the-near-future/?sh=2dffbc76302a and https://www.digitaljournal.com/pr/top-5-business-automation-trends-in-2022
8. Skill trades - https://www.northernontariobusiness.com/press-release/rescon-calling-on-federal-government-to-allow-more-skilled-trades-into-canada-5092355
9. Public sector - https://www2.deloitte.com/us/en/pages/public-sector/articles/future-of-public-service.html
10. Mining - https://www.mining.com/in-charts-copper-project-pantry-bare-from-2025/
11. Oil and Gas - https://www.cnbc.com/2022/02/24/biden-administration-pausing-new-oil-and-gas-leases-amid-legal-battle-.html
12. https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/manufacturing-industry-outlook.html
Wages and Job Vacancies (Job Quality) - Canada - November 2021paul young cpa, cga
Job vacancies in retail trade increased for the sixth consecutive month to reach a record high in October (132,800). The job vacancy rate also peaked at 6.3%, pushed up by increased vacancies and slow payroll employment recovery.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211223/dq211223b-eng.htm
1. Wages and housing – https://capitalcurrent.ca/no-homes-no-choice-affordable-housing-activists-demand-government-action-now/
2. Careers - https://www.careerfitter.com/career-advice/12-best-careers-jobs-for-2021-2022
3. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
4. Skills gaps - https://www.helpnetsecurity.com/2021/12/21/enhancing-cybersecurity-budgets/
5. Manufacturing - https://manufacturingglobal.com/technology/critical-manufacturing-industry-trends-expect-2022
6. Edge - https://statetechmagazine.com/article/2021/12/cloud-and-edge-computing-will-be-key-government-agencies-2022
7. 5G and Industry 4.0 - https://www.totaltele.com/512061/AIS-strikes-5G-partnerships-to-help-fuel-Industry-40
8. Supply chain - https://searcherp.techtarget.com/feature/Supply-chain-disruption-will-persist-in-2022-but-tech-may-help
9. Supply chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34224-the-three-stages-of-overcoming-supply-chain-disruption
10. Labor gap - https://www.baytoday.ca/jobs-of-the-future/new-college-program-looks-to-fill-a-much-needed-labour-gap-4886606
11. Personal finances - https://www.theglobeandmail.com/investing/personal-finance/article-six-numbers-that-will-rule-your-personal-finances-in-2022/
Wages and Job Vacancies (Job Quality) - Canada - April 2022 and March 2022.pptxpaul young cpa, cga
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
More and more organizations are adopting business automation to address issues with their operational model
Wage growth has been strong at 4.3%
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary
5 of 10 job vacancies pay less than the average wage.
Education continues to do a poor job aligning with the jobs of today and tomorrow.
More and more organizations are turning to automation as part of managing their costs.
All levels of government need to reform their operational model including labor costs, risk, and crisis management.
High inflation is here to stay!
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Skills Gap - Canada - Commentary and Analysis - September 2018paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across
Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Wages and Job Vacancies (Job Quality) - Canada - May 2022 and April 2022.pptxpaul young cpa, cga
Canada is struggling with over 1M unfilled jobs. Nearly 48% of those jobs pay less than the average wages
More and more levels of government are moving towards digital adoption as part of streamlining the delivery of programs and services.
Canada has over 2M backlog with immigration
Canada needs to focus more on policies that will better support expansion of exports and the building of a resilient supply chain.
Employment rose by 0.3% in November, following an increase of 0.5% in October. From May to September, employment grew by an average of 2.7% per month.
Full-time employment rose by 99,000 in November, while part-time work was little changed.
Among those who worked at least half of their usual hours, 4.6 million worked from home in November.
Growth in self-employment stalled in November and compared to public sector and private sector employees, employment in this group remained furthest from the February pre-COVID level (-4.7%; -136,000).
Total hours worked rose by 1.2% in November. Since May, total hours worked has recovered steadily as the initial COVID-19 economic shutdown has given way to more limited and targeted public health measures.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201204/dq201204a-eng.htm
This presentation will discuss careers in demand for 2018.
Manpower predicts strong hiring through 2018 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
Employment was little changed in April after two consecutive months of growth. The unemployment rate edged down 0.1 percentage points to 5.2%.
Increases in employment in professional, scientific and technical services and public administration were offset by declines in construction and retail trade. There were more people working in the Atlantic region and Alberta, while employment fell in Quebec. At the national level, employment gains among core-aged women aged 25 to 54 were offset by a decrease among core-age men.
Total hours worked fell 1.9% in April, driven in part by absences related to illness or disability.
Average hourly wages were up 3.3% (+$0.99 to $31.06) year over year, similar to the growth observed in March (+$1.03; +3.4%).
As of the April reference week (April 10 to 16), remaining capacity limits affecting business operations had generally been lifted, although some combination of masking, proof-of-vaccination, or testing remained a requirement in some settings in certain jurisdiction
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Blog – Wages and Job Vacancies – Canada – July 2022
Nearly 50% of the job vacancies pay less than the average wage
Housing and rent costs are becoming a big problem for Canadians
Not enough is being done to address issues with the skill trades
Healthcare continues to face many challenges including addressing labor shortages
Liberals continue to push policies that are more long-term focus instead of addressing how to reduce EMEA dependency on Russian Oil and Natural Gas - https://www.slideshare.net/paulyoungcga/what-is-next-for-canadas-mining-forestry-energy-and-agricultural-sectorspptx
All levels of government and the private sector need to work together to build a resilient supply chain in Canada - https://www.slideshare.net/paulyoungcga/how-best-to-build-a-reslient-supply-chainpptx
Summary:
856K job vacancies
50% of the job vacancies pay less than the average wage
More and more organizations continue to invest in business automation
1. Wages https://betterdwelling.com/canadian-job-vacancies-are-rising-but-wages-arent-budging/
2. Top careers - https://www.entrepreneur.com/article/414839
3. Business Students - https://goodmenproject.com/business-ethics-2/top-career-trends-for-business-students-in-2022-and-beyond/
4. Housing costs and Wages http://blog.oxfordeconomics.com/content/us-and-canada-housing-affordability-edged-down-in-q3
5. Household debt - https://www.mpamag.com/ca/news/general/cibcs-tal-on-how-fast-interest-rates-might-rise/326675
6. Income inequality - https://www.ictsd.org/how-to-reduce-income-inequality-in-canada/
7. Automation - https://www.forbes.com/sites/forbescoachescouncil/2022/02/24/10-ways-automation-might-affect-job-markets-in-the-near-future/?sh=2dffbc76302a and https://www.digitaljournal.com/pr/top-5-business-automation-trends-in-2022
8. Skill trades - https://www.northernontariobusiness.com/press-release/rescon-calling-on-federal-government-to-allow-more-skilled-trades-into-canada-5092355
9. Public sector - https://www2.deloitte.com/us/en/pages/public-sector/articles/future-of-public-service.html
10. Mining - https://www.mining.com/in-charts-copper-project-pantry-bare-from-2025/
11. Oil and Gas - https://www.cnbc.com/2022/02/24/biden-administration-pausing-new-oil-and-gas-leases-amid-legal-battle-.html
12. https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/manufacturing-industry-outlook.html
Wages and Job Vacancies (Job Quality) - Canada - November 2021paul young cpa, cga
Job vacancies in retail trade increased for the sixth consecutive month to reach a record high in October (132,800). The job vacancy rate also peaked at 6.3%, pushed up by increased vacancies and slow payroll employment recovery.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211223/dq211223b-eng.htm
1. Wages and housing – https://capitalcurrent.ca/no-homes-no-choice-affordable-housing-activists-demand-government-action-now/
2. Careers - https://www.careerfitter.com/career-advice/12-best-careers-jobs-for-2021-2022
3. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
4. Skills gaps - https://www.helpnetsecurity.com/2021/12/21/enhancing-cybersecurity-budgets/
5. Manufacturing - https://manufacturingglobal.com/technology/critical-manufacturing-industry-trends-expect-2022
6. Edge - https://statetechmagazine.com/article/2021/12/cloud-and-edge-computing-will-be-key-government-agencies-2022
7. 5G and Industry 4.0 - https://www.totaltele.com/512061/AIS-strikes-5G-partnerships-to-help-fuel-Industry-40
8. Supply chain - https://searcherp.techtarget.com/feature/Supply-chain-disruption-will-persist-in-2022-but-tech-may-help
9. Supply chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34224-the-three-stages-of-overcoming-supply-chain-disruption
10. Labor gap - https://www.baytoday.ca/jobs-of-the-future/new-college-program-looks-to-fill-a-much-needed-labour-gap-4886606
11. Personal finances - https://www.theglobeandmail.com/investing/personal-finance/article-six-numbers-that-will-rule-your-personal-finances-in-2022/
Wages and Job Vacancies (Job Quality) - Canada - April 2022 and March 2022.pptxpaul young cpa, cga
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
More and more organizations are adopting business automation to address issues with their operational model
Wage growth has been strong at 4.3%
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary
5 of 10 job vacancies pay less than the average wage.
Education continues to do a poor job aligning with the jobs of today and tomorrow.
More and more organizations are turning to automation as part of managing their costs.
All levels of government need to reform their operational model including labor costs, risk, and crisis management.
High inflation is here to stay!
Similar to Human Capital Management - Skills, Education, Wages, Careers, and Job Vacancies.pptx (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
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The secret way to sell pi coins effortlessly.DOT TECH
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
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I will leave the telegram contact of my personal pi merchant to trade with.
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Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
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Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. HUMAN CAPITAL MANAGEMENT
For companies and government to be successful
means they need to look at hard at their policies
and programs to support development of their
employees.
Government needs to adjust their workplace model
to the digital economy
Government policies like hikes to small business tax
and/or elimination of tax credits are making Canada
less competitive when it comes to attracting brain
power.
4. AGENDA
What is Skills GAP?
Skills GAP and Productivity
Government Training Programs
Issues facing Skills Development and Training
Hamilton, Ontario
Other resources
Blog – Career Management
Blog – Soft Skills
Blog – Online Education
Blog - Job Vacancies
Partnerships
Top Educational cities
Digital Economy
Post-COVID19
Automation
Quality Control/Forklift Operators
United States
80% of Manufacturers face a skill shortage
Workforce Planning
5. SKILLS
MANAGEMEN
T
The role of government is defined the
educational programs required to support the
economy. Too many govts across Canada have
pushed programs that do not provide
meaningful employment
The world continues to change as such
governments need to address all their policies
that support economic growth
Immigration should not be based on quota, but
align where there voids in employment not filled
by educational programs
Canada needs to become more competitive
through reducing its reforming areas like
taxation, regulations, trade/fipa deals and hydro
rates.
All levels of government and the private sector
need to fixed the education systems to ensure
people have skills for today and tomorrow
It is not one policy that supports human capital
management but many policies
6. WHAT IS SKILL GAP?
The ‘skills gap’ is the phrase used to
the difference between the skills that
employers want, as shown by their job
advertisements, and those that are
from workers looking for a job.
Source -
http://www.skillsyouneed.com/general/skills-
gap.html
7. SKILL GAP AND
PRODUCTIVITY
United States:
Roughly 200 million adults in the U.S. today make up the "digital workforce," where
productivity requires skills using a number of digital platforms.
Amazingly, only one out of ten workers from this group rate themselves as proficient with the
digital tools they use, according to video training company Grovo.
This skills gap costs the U.S economy a whopping $1.3 trillion every year, and comes at a time when
productivity growth is already down over historical periods. For example, the Wall Street
Journal reports that the average U.S. worker's output has risen just 1.3 percent per year during the
past five years, well below the 2.3 percent figure during the 20 years leading up to the economic
crisis.
The infographic below from Grovo outlines the cost of the digital skills gap and which skills are
essential for the 21st century workforce.
Canada
Canadian businesses, particularly small and medium sized ones, are falling behind in adopting new
technologies, mainly because they can’t find the people they would need to implement the changes,
the report says. And that could have negative consequences. “If Canada does not address the talent
and skills gap, it could cost the economy billions of dollars in lost productivity, tax revenues, and
gross domestic product,” the report states.
Out of 527,000 students who graduated in Canada in 2015, only 6 per cent — 29,000 — graduated
from an IT field, the report found. Canada would have to graduate around 43,000 IT students per
year to keep up with job growth.
Source - http://www.inc.com/graham-winfrey/how-the-digital-skills-gap-is-crippling-productivity.html
and http://www.huffingtonpost.ca/2016/03/12/it-jobs-skills-shortage-canada_n_9440872.html
8. BABY BOOMERS RETIRING AND SKILLS GAP
Source - http://www.canadianmanufacturing.com/manufacturing/report-retiring-boomers-creating-a-
skills-shortage-193269/
This is according to a new Conference Board of Canada report, Workforce
Planning Practices in Canada, which says that more than half of Canadian
organizations are having difficulties finding workers with critical skills.
The report says that in 2005, it took an average of 40 days to fill vacancies
in the technical and skilled trades. This number has now jumped to 60
days. Likewise, the average cost to fill vacancies in the technical and
skilled trades was $3,000 in 2005, compared to $5,000 in 2016.
9. IMMIGRATION
Source - http://www.cbc.ca/news/politics/immigration-canada-2018-1.4371146 or http://www5.statcan.gc.ca/cansim/a26?lang=eng&id=2850001 or https://www.statcan.gc.ca/daily-quotidien/151130/dq151130d-
eng.htm
How Best to Support Current and Future Labor Markets through better Post-Secondary and Immigration Programs -
https://www.linkedin.com/pulse/how-best-support-current-future-labor-markets-through-paul-young/?published=t
I have all the years written many blogs and presentation on the issues facing the labor market in Canada and around
the world. Many decisions by all levels of government have failed address areas like skills gaps or advance
manufacturing or development of natural resources in a sustainable way or tax reforms or effective urban planning
or supporting of remote communities or building of resilient supply chain or fair trade and investment deals with
countries around the world or affordable housing
My presentation talks how to develop policies as part of increasing quality of employment opportunities in your
local geographies.
The world needs to stop throwing money at symptoms related to labor market and start addressing root causes when
it comes to building a resilient labor market that inclusive for everyone.
Source - https://www.slideshare.net/paulyoungcga/how-best-to-support-current-and-future-labor-markets-through-
better-postsecondary-and-immigration-programs
12. IMMIGRATION AND COLLEGE GRADS
• Over the past 15+ years the
Canadian economy creates about
250K net new jobs each year.
• 55% of the new jobs required a
certain level of skill certification and
education
• Government jobs have grown at a
faster pace than the private sector
• Canada is struggling with attracting
FDI in the goods-producing sector
• Many economic immigrants
continue to struggle with their
credentials being certified in Canada
• Many jobs continue to be
automated.
• Immigration should be tied to
economic growth.
13. BLOG – JOB CRISIS – CANADA
Employment increases in a number of industries, including retail trade, were offset by declines elsewhere,
including in accommodation and food services
Blog – Employment – Canada – October 2021 - https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-october-2021
14. REFUGEE'S
COST
Canada is forecasted to receiving 40,000
refugees through the illegal border crossing
into Canada. The cost of to house, feed, cloth,
medical, etc. will be between $600M to $1B.
https://openparliament.ca/debates/2017/9/2
6/michelle-rempel-2/. The response from the
government has been at best lukewarm. Here
is what the immigration minister said “The
member opposite must know that asylum
claims fluctuate on a yearly basis and
sometimes even monthly. The fact of the
matter is that our agencies were nimble
enough. We were able to put full capacity
within IRCC to process claims.
Yet the government thinks closing the
borders is not priority, but taxing small
business is in terms of policies is top priority,
right?
https://ipolitics.ca/2017/09/28/morneaus-tax-
plan-should-have-been-political-gold-what-
happened/
16. SKILLS GAP / BDC
Source - https://www.canadianmanufacturing.com/manufacturing/labour-shortage-is-the-new-norm-that-will-last-a-decade-bdc-
economist-says-218872/
The BDC’s survey of 1,208
people from small and
medium-sized businesses,
with at least $500,000 in
annual sales, found 39 per
cent of them were having
difficulties hiring the types
of new workers they
required.
d
Labour Market
• Canadian economy is only creating 217K new jobs per year
• There are over 400K job vacancies
• The post-secondary graduates are 500K per year
• The government plans to bring in new immigrants of about
300K per year
What needs to be done
• Canada needs a strategy that better aligns both immigration and graduates
with skills need for today and tomorrow
• Canada also needs to refine is policies to encourage economic growth
• Since Liberals took office there are less people working in goods producing
sector as % total employment. Liberal policies have driven out over $100B
investment.
• Skill trades certification process needs to be reviewed. Ontario needs to
eliminate the skill trade agency.
• Canada has strain relations with many countries of the world due to Liberal
agenda. Canada depends on exports. Exports could be 25% higher if Canada
had better trade deals
• Immigration should not be based on quota, but align with gaps in
employment
• Private sector needs to be part of solution and not excluded when it comes
to supporting programs that reduce skill gaps
17. FAILURE OF THE COLLEGE OF TRADES – ONTARIO
The college of trades & skills was a
disaster -
https://www.northernontariobusiness.com/indus
try-news/government/auditor-finds-shortfalls-
in-apprenticeship-system-365358 or
https://canada.constructconnect.com/dcn/news/l
abour/2020/11/industry-perspectives-op-ed-
ocot-too-broken-to-be-salvaged
There needs to be a new governance model
-
https://www.slideshare.net/paulyoungcga/how-
to-fix-the-goverance-model-for-the-public-
sector-government
I have written many blogs on training -
https://www.linkedin.com/pulse/blog-creating-
pathways-tomorrows-workforce-today-paul-
young/?published=t
These problems also go back to Liberals!
18. TEACHING YOUTH TO CODE
http://techportfolio.net/2017/05/closing-canadas-tech-skills-gap-teach-youth-to-code/
220,000 workers needed: That’s how vast Canada’s tech skills gap could
be by 2020, according to Canadian government and industry experts.
If that gap isn’t closed, many tech companies will be forced to look for
opportunities outside the country, Waveform CEO Kirk Simpson
recently told CBC News.
“If we can find the talent somewhere else, we might open a second
location in the U.S. market or in a European market,” he said. “And those
jobs will not go to Canadians.”
19. FEDERAL BUDGET 2017-2018
Source – Government of Canada
Issues
• Provinces have policies for apprenticeship that will require modification to support more applicants
• Universities would have to increase classroom space and equipment to support more enrollment in areas like
engineering, math, sciences, IT
• STDC already exist in terms of seed financing. The problem is more money for innovation is that many deals
require bare minimum of $5 to $10M so that would be like 60 deals a year
• There are already innovation funds that both companies and universities/college leverage
• Startup take time to move ideas from incubation to market. FYI – Canada had already been moving to
advance manufacturing, expert farming, clean technology, 3-D printing, Information technology.
20. BLOG – SKILLS TRADE
Source -
https://www.canadi
anmanufacturing.c
om/manufacturing
/economic-
advisers-push-
ottawa-focus-
business-
investment-job-re-
skilling-205533/
“The overarching
goal of the
influential Advisory
Council on
Economic Growth
is to help Canadian
households add an
extra $15,000 to
their projected
annual pre-tax
incomes by 2030.
In its third wave of
recommendations,
to be released later
this week, the
council says
Canada urgently
needs another $15
billion in annual
investments for
adult skills
development to
help workers
adjust to the
demands of the
The group
recommends the
creation of an
RRSP-type lifelong
learning fund that
enables workers to
accumulate tax-
free savings,
combined with
contributions from
employers and
government, in
order to cover the
cost of developing
Canada already has
educational
programs -
https://www.slides
hare.net/paulyoun
gcga/government-
policies-education-
skills-
development-
canada-november-
2017
Canada needs to
revamp its post
secondary model
to better align
skills to jobs of
today and
tomorrow -
https://www.inc.co
m/business-
insider/21-new-
jobs-future-
robots-
automation.html
Job Retraining
programs -The
federal
government
provides funding
for post-secondary
education via CST
Transfers – All job
training programs
should be
reviewed to ensure
money is achieving
the outcomes
https://www.canad
Primary and
secondary school
programs need to
be revamp to
ensure students
are pushed to jobs
of the future -
https://www.slides
hare.net/paulyoun
gcga/2017-career-
management-
outlook-on-jobs-
canada-and-
united-states
21. HAMILTON, ONTARIO – SKILL TRADES
• The body shop owner said it best “We
need skill labor”
• Wynne has failed the skill trades
• The guy also said it was a photo op
• This is how Wynne confronts the
issues in Hamilton by pushing her
Guarantee Income Program -
http://www.cbc.ca/news/canada/hamil
ton/wynne-announcement-hamilton-
1.4082476
22. SKILL GAP RANKING
Source - https://www.weforum.org/agenda/2017/09/these-are-the-ten-best-countries-for-skill-and-education/ or http://reports.weforum.org/global-human-capital-report-
2017/ or https://eiuperspectives.economist.com/talent-education/finland-leads-second-year-globally-providing-future-skills-education-youth-according-2019-worldwide
2015 Ranking 2020 Ranking
2015 Canada was ranked 4th when it comes to
managing of human capital as compare to 5th
in 2020
23. BLOG – CAREER MANAGEMENT
https://www.cbc.ca/news/canada/toronto/ontario-colleges-university-performance-funding-budget-
1.5094751
The Ontario govt new approach to funding is the right approach which is tie it to outcome. Too many
schools pushed out graduates with degrees that have little value.
https://www.slideshare.net/paulyoungcga/2019-and-beyond-career-management or
https://educationnewscanada.com/article/education/category/economy/96/761451/colleges-applaud-
ontario-budget-commitment-to-modernize-apprenticeship-training.html
25. ONLINE EDUCATION
Source - https://www.tonybates.ca/2018/12/20/summary-of-the-2018-survey-of-online-learning-in-canadian-colleges-and-
universities/
• Business world has been moving to online education/seminars -
https://www.forbes.com/sites/tjmccue/2018/07/31/e-learning-climbing-to-325-billion-by-2025-
uf-canvas-absorb-schoology-moodle/#1976498f3b39 (US Stats, but still relevant as Canada has
been adopting eLearning courses as well.
• Universities and Colleges have been offering eLearning for years -
https://www.tonybates.ca/2018/12/20/summary-of-the-2018-survey-of-online-learning-in-
canadian-colleges-and-universities/ (2/3 of colleges and universities offer eLearning
• Highschool kids need to learn how to do eLearning. eLearning is growing in size as part of
controlling educational costs as well as offering more options to students in terms of courses
26. GOVERNMENT
POLICIES /
ISSUES
Trade and FIPA
CETA new deal
Government is working on deals with other growth markets like China,
India and Africa.
Clean Technology
Access to raw materials (Lithium, Vanadium, Rare Metals)
Skill set in areas like metallurgy or sciences or math
Partnership with large companies
Advance Manufacturing
Requires competitive tax rates (Payroll Taxes, Corporate Taxes, R&D credits,
etc.)
Access to new markets
Streamlining of regulations
Canada lacks the capacity to increase exports
Ports/rail/roads/Bridges
Pipelines
27. DIGITAL ECONOMY
Source - https://www.canadianmanufacturing.com/financing/digital-economy-is-real-but-skills-policy-sketchy-on-future-jobs-
236593/
But what comes through in the documents is that although
federal officials have grappled for years with how to limit
the disruption to workers’ lives in the transition to a more
digital economy, just what Canada might do is still a little
fuzzy.
This is also despite the fact the Liberals’ pre-election budget
put aside more than $1.7 billion over five years to create a
tax credit and pay for dedicated time off for workers to take
skills-training programs, starting next year.
The lack of detail isn’t surprising to Sean Hinton, chief
executive of SkyHive, a B.C.-based company that uses
artificial intelligence to identify just what skills workers need
for different jobs – which aren’t always what employers or
employees think they are.
Governments keep thinking in terms of what jobs will be
automated and which ones will be short of workers, which
creates a disconnect in crafting skills-training programs,
Hinton said.
Source -
https://www.marketsandmarkets.com/PressReleases/digita
l-transformation.asp or
https://www.slideshare.net/paulyoungcga/technology-
whats-next-for-canada
28. BRAIN DRAIN
I cannot believe the rhetoric going around about the vibrant IT sector –
https://www.cbc.ca/news/canada/kitchener-waterloo/prime-minister-
trudeau-kitchener-tech-hub-announcement-
1.5099705?fbclid=IwAR1tGzcvzzdu0ywPk9Qv2XS59At4aMGafy91XAq2xZn_FI
q_VQeUAtU4LMw
Brain Drain -
https://www.theglobeandmail.com/business/technology/article-canada-
facing-brain-drain-as-young-tech-talent-leaves-for-silicon/ or
https://www.slideshare.net/paulyoungcga/2019-election-technology-
sector-canada-may-2019
Canadian Technology community not happy with small business tax
reforms - https://globalnews.ca/news/3741638/canadian-tech-ottawa-
trudeau-small-business-taxes/
There needs to be better alignment of education with jobs of today and
tomorrow - https://www.slideshare.net/paulyoungcga/skills-gap-
education-and-training-canada-march-2019
Canada continues to see a brain drain - https://thelogic.co/news/silicon-
valleys-ties-to-canada-are-growing-despite-tensions-between-ottawa-
and-washington-report-says/
High cost of living in cities like Toronto and Vancouver could see people
moving to cheaper locations - https://www.newinhomes.com/blog/is-
toronto-at-risk-of-a-brain-drain-to-montreal
29. TOP EDUCATION CITIES
Source - https://www.industryweek.com/talent/10-most-educated-cities-world/gallery?slide=10 or Source - http://cities-research.jll.com/cities-research/innovation-geographies
1. London, UK
2. Oslo, Norway
3. Tel Aviv, Israel
4. Zurich, Switzerland
5. Helsinki, Finland
6. Edinburgh, Scotland
7. Stockholm, Sweden
8. San Jose, CA, USA
9. Washington, DC, USA
10. Melbourne, Australia
• Trudeau said in past that Canada should be know for its people, right? So, how come major cities like
Vancouver, Calgary, Quebec, Montreal, Edmonton, Halifax, Winnipeg, etc. are not on the list
• Liberals policies have not help support the technological sector or there would be higher ranking of
cities, especially Kitchener-Waterloo and Hamilton - https://www.slideshare.net/paulyoungcga/2019-
election-information-technology-canada-august-2019
30. BLOG – 2019
ELECTION /
TECHNOLOGY
@justintrudeau who policies are leading to a brain drain
-
https://www.theglobeandmail.com/business/technology/
article-canada-facing-brain-drain-as-young-tech-talent-
leaves-for-silicon/
@andrewscheer who believes in reducing personal
income taxation -
https://www.youtube.com/watch?v=3QsoHVqLpvc
Who do you trust more to support Information
Technology?
Source - https://www.slideshare.net/paulyoungcga/2019-
election-information-technology-canada-august-2019
32. POST-COVID
More focus on identifying key products and resources as strategic -
https://www.slideshare.net/paulyoungcga/how-best-to-reshore-supply-chains - Educational programs
and tax incentives need to support people that have loss their job into areas of high growth
COVID19 will see transformation of retail, hospitality and government -
https://www.slideshare.net/paulyoungcga/whats-next-for-canada-post-covid19
More emphasis on supporting the broadband expansion -
https://www.slideshare.net/paulyoungcga/whats-next-for-5g-networks
More emphasis on tax fairness and value for money when it comes to government programs and income
inequality - https://www.slideshare.net/paulyoungcga/how-do-you-address-and-fix-income-inequality
36. ROBOTIC / QUALITY CONTROL
Source - https://www.industryweek.com/technology-and-iiot/article/21137632/new-robotic-employees-quality-control-inspector-and-forklift-
driver?utm_source=IY+IW+Daily+Headlines+-
+Morning&utm_medium=email&utm_campaign=CPS200723076&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B
The evolution of the robot employee is continuing. And it's happening at a faster pace than was
expected.
On July 27, MusashiAI, a joint venture between SixAI Ltd. of Israel and Musashi Seimitsu of Japan (a
Honda Motor Corp. affiliate) announced that it’s now selling an autonomous visual quality control
inspector and an autonomous forklift driver.
Trials of the technology began in December 2019 in Musashi Seimitsu’s factory. The quality control
inspector was testing for the ability to find surface defects and the autonomous forklift driver robot
was coupled with an autonomous fleet management system to perform tasks.
37. UNITED STATES AND SKILLS DEVELOPMENT
https://www.industryweek.com/talent/article/21144591/fanuc-america-rockwell-automation-others-recognized-for-
apprenticeship-programs?utm_source=IY+IW+Daily+Headlines+-
+Morning&utm_medium=email&utm_campaign=CPS201012071&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda
%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B
“The apprenticeship program has been an important part of the White House's workforce strategy. According to the DOL
since Jan. 1, 2017, over 800,000 individuals have found employment through an apprenticeship program.”
• Universities only project to provide about 30% of the STEM graduates needed for the workforce -
https://www.idtech.com/blog/stem-education-statistics
• Skills mismatched - https://nationalskillscoalition.org/state-policy/fact-sheets
• Fixing the skills gaps issues - https://www.nationalmemo.com/what-can-we-do-about-americas-skilled-
labor-shortage
• What’s next for the next President - https://www.marketwatch.com/story/expanding-apprenticeships-
critical-to-trumps-or-bidens-success-11597954318
38. WORLD AND JOB QUALITY
Pandemic showed many countries had issues with key parts of their supply management. Many areas of
supply management had been outsourced to other countries - https://hbr.org/2020/09/global-supply-
chains-in-a-post-pandemic-world
WHO has come out and said the lockdown was not effective. https://www.abc.net.au/news/2020-10-
12/world-health-organization-coronavirus-lockdown-advice/12753688. There was a need to do
something to ensure healthcare system was protected. Healthcare needs to be reformed around the
globe - https://www.slideshare.net/paulyoungcga/how-does-the-world-transform-healthcare-
238832381
World needs to reform organization likes WTO as part of fixing issues with trade policies around the
globe - https://www.slideshare.net/paulyoungcga/2019-election-global-trade-barriers-and-protection-
wto-canada-september-2019
Any social programs like UBI need to be targeted as part of job retraining.
https://observerxtra.com/2020/09/10/when-we-get-back-to-work-a-skills-gap-needs-to-be-bridged/
GDP will rebound but there are risks - https://www.weforum.org/agenda/2020/09/oecd-global-gdp-pre-
pandemic-level-2021-sustainable-resilient/ - What’s next for the Global Economy -
39. 80% OF MANUFACTURES HAVE SKILLS GAP ISSUES
TORONTO — 80% of Canadian manufacturers surveyed in a new report are facing an immediate labour and skills shortage that was made worse by the
COVID-19 pandemic.
A Canadian Manufacturers and Exporters survey of 563 companies across 19 sectors released Dec. 1 found the need for skilled labourers has been
growing rapidly for years, but COVID-19 government relief, health concerns and family responsibilities are making the situation even more troublesome.
“Our skills gap that existed before the pandemic was just exacerbated by the pandemic and we need to make sure that everybody is working toward
getting that next generation of workers in the sector,” said Dennis Darby, president of the CME.
His organization, which represents more than 2,500 companies across the country, said 70% of manufacturers had a shortage of labour and skills in 2018,
up from 40% in 2016.
Source - https://www.canadianmanufacturing.com/manufacturing/eight-in-10-canadian-manufacturers-face-skills-shortage-report-264553/
Here is my work
Career Management - https://www2.slideshare.net/paulyoungcga/2021-and-beyond-career-management-canada-and-the-united-states-november-
2020
Skills and Training - https://www2.slideshare.net/paulyoungcga/how-best-to-manage-skills-and-education-for-the-world
40. FOREIGN CREDENTIAL CERTIFICATIONS
There has been issues for years with the certification of foreign credentials as part of economic immigration policies by many countries
including Canada.
1. Skill trades college - https://www.thestar.com/opinion/editorials/2021/12/02/ontario-gets-a-failing-grade-on-colleges-and-international-
students.html
2. Canadian work experience - https://www.ifse.ca/overcoming-lack-canadian-work-experience/
3. Academic Fraud - https://wenr.wes.org/2017/12/academic-fraud-corruption-and-implications-for-credential-assessment
4. Skills assessment - https://www.weforum.org/agenda/2021/07/testing-our-patience-traditional-skills-assessment-earns-a-failing-grade/
5. Education and employment quality - https://newcanadianmedia.ca/has-canada-failed-its-most-educated-immigrants/
6. Harper has double the transfers as such portion of the transfers relates to education, but you said nothing about that in your
posts, why? http://www.slideshare.net/paulyoungcga/provincial-transfers-and-program-spending/ It is not Harper’s fault that
Wynne decided to use the money to expand University spots, instead of the trades: http://www.wlufa.ca/the-implications-the-
2014-ontario-election-for-higher-education
7. Primary and secondary school programs need to be revamp to ensure students are pushed to jobs of the future -
https://www.slideshare.net/paulyoungcga/2017-career-management-outlook-on-jobs-canada-and-united-states
8. Foreign Credentials - https://www.cbc.ca/news/immigration-minister-on-internationally-trained-newcomers-in-canada-live-
1.4764094?cmp=rss and https://www.slideshare.net/paulyoungcga/government-policy-education-and-skills-development-canada-
april-2018
9. @StevenDelDuca and his team threw money at the teachers which never fixed the systemic issues with education. Del Duca never fixed the
delivery of education as they ignored the Drummond Report! https://www.slideshare.net/paulyoungcga/education-transforming-of-
education-canada-and-around-the-world
10. Immigration Policies - https://www.opendemocracy.net/en/pandemic-border/permanently-temporary-the-problem-with-canadas-
immigration-policy/
42. DIGITAL SKILLS
Top 10 Digital Skills
1. Social Media
2. Search Engine Marketing
3. Analytics
4. Content Marketing
5. Email
6. Mobile
7. Strategy and Planning
8. Social Selling
9. Pay-per-click-marketing
10. Video
Source -
https://digitalmarketinginstitute.com
/blog/10-digital-skills-that-can-make-
students-instantly-employable
Blog – Robot Growth expanded in the 1Q21 – Automation
Robot orders jumped 20 per cent in North America in the first
quarter of 2021 over the same period in 2020, says a new report
from the Association for Advancing Automation (A3).
There were spikes in orders from companies in metals (up 86
per cent), life sciences/pharmaceutical/biomed (up 72 per cent),
food and consumer goods (up 32 per cent), and other non-
automotive industries (12 per cent)
Link - https://www.linkedin.com/pulse/blog-robotic-purchases-
expanded-1q21-automation-paul-young/?published=t
43. VACCINATION PROGRAMS
Workplace Insurance - https://stlawyers.ca/blog-news/how-to-respond-boss-pressures-you-covid-19-
vaccine/
Life Insurance Policies - https://fortune.com/2021/07/23/covid-unvaccinated-life-insurance/
Vaccines - https://news.yahoo.com/refuse-vaccine-might-hit-expensive-080017749.html
Here is my work on insurance - https://www.linkedin.com/posts/paul-young-055632b_how-do-you-insure-
yourself-against-climate-activity-6823919255478792192-Zq7f
44. SUMMARY
Nearly 50% of the job vacancies pay less than the average wage
Wages are growing at 3.5% rate as compared to inflation which is over 6%
There are challenges facing affordable housing
Education needs to better align with jobs of today and tomorrow
All levels of government need to address issues with productivity
All levels of government need to address issues with supply chain
Wages and
Vacancies.pdf
Short education
programs, a way to meet the demand for new skills – The Canadian News.pdf
The economic case
against low-wage temporary foreign workers.pdf
Inflation bites
Canada’s low-income workers, setting up difficult negotiations between unions and employers - The Globe and Mail.pdf
Inflation could make
for tough round of provincial labour negotiations CBC News.pdf
Stagflation the risk is
back, but not 1970s style Swiss Re.pdf
Why even falling
prices won't make housing affordable anytime soon CB
Goldstein Justin
Trudeau ignoring that carbon pricing hurts most vulnerable Vancouver Sun.pdf
Top 12 Jobs for
Career Changers in 2022 – Career Launchpad Arcadia University.pdf
With critical minerals
budget, Liberals finally embrace natural resources The Star.pdf
How is Industry 4.0
driving advanced manufacturing Flex.pdf
Automation is at the
heart of digital business transformation ZDNet.pdf
A Problem That
Could Plague Rapid Transport Like Bullet Trains & Hype
Government of
Canada invests in labour mobility to boost skilled trades.pdf
Risk of recession in
Europe, US and China is rising by the day Kenneth Rogoff The Guardian.pdf
Cybersecurity Skills
Gap Contributed to 80 Percent of Breaches According to New Fortinet Report Financial Post.pdf
Blog –Human Capital Management - Wages and Job Vacancies – Canada – February 2022
1. Skills gap - https://financialpost.com/globe-newswire/cybersecurity-skills-gap-contributed-to-
80-percent-of-breaches-according-to-new-fortinet-report
2. Education - https://thecanadian.news/short-education-programs-a-way-to-meet-the-demand-
for-new-skills/
3. Temporary foreign workers - https://policyoptions.irpp.org/magazines/april-2022/temporary-
foreign-workers-wages/
4. Wages and union - https://www.theglobeandmail.com/business/article-inflation-bites-low-
income-workers-setting-up-difficult-negotiations/
5. Public sector wages - https://www.cbc.ca/news/canada/prince-edward-island/pei-inflation-
labour-negotiations-1.6432813
6. Stagflation - https://www.swissre.com/institute/research/sigma-research/sigma-2022-02.html
45. OTHER SOURCES
If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA
46. WHAT’S REQUIRED
More emphasis on trades
Education needs to push
people into math, sciences,
trades and IT fields
All level governments need
to stopped finding ways to
tax people. The emphasis on
government should be value
for money
All levels of governments
and the private sector need
to work together on
integrated strategy to ensure
people are prepared for jobs
of today and tomorrow
Ontario needs to eliminate
the skill trades college
Immigration should not be
based on a quota but tied to
economic growth.
All levels of government
need to streamline their
regulations. Canada needs
to be come more
competitive -
https://www.slideshare.net/p
aulyoungcga/2019-election-
canada-competitivenes-
september-2019
Federal and Provincial
government need to refine
their rural and indigenous
affairs -
https://www.slideshare.net/p
aulyoungcga/2019-election-
rural-areas-and-affairs-
canada or
https://www.slideshare.net/p
aulyoungcga/2019-election-
indigenous-affairs-canada