Michel Cournoyer

Michel Cournoyer has written 8494 posts for Job Market Monitor

The future of Work – Adaptability is the key

One clear lesson arises from our analysis: adaptability – in organisations, individuals and society – is essential for navigating the changes ahead. It’s impossible to predict exactly the skills that will be needed even ve years from now, so workers and organisations need to be ready to adapt – in each of the worlds we … Continue reading

Non-Cognitive Skills – University education has significant effects study finds

Recently, a public debate has emerged on whether universities teach the right skill-sets that prepare students for a continuously changing and globally expanding labor market. Various articles from leading scholars and journalists emphasize that university education falls short of teaching students creativity, socioemotional skills, attributes of ownership, and the ability to learn on the fly. … Continue reading

Job Report in US, July 2017 – Employment increased by 209,000

Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data Both the unemployment rate, at 4.3 percent, and the number … Continue reading

Québec, Juillet 2017 – Le taux de chômage au plus bas depuis 1976 (5,8 %)

L’emploi global au Québec a peu varié en juillet, la hausse du travail à temps plein ayant été largement contrebalancée par une baisse du travail à temps partiel. Au cours de la période de 12 mois ayant pris fin en juillet, l’emploi dans la province a progressé de 124 000 (+3,0 %), et le taux de chômage a diminué de 1,2 point de … Continue reading

Job Report in Canada, July 2017 – Little change in employment and unemployment declines to 6.3%

Following two months of notable increases, employment was little changed in July (+11,000 or +0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3%. This is the lowest rate since October 2008, just prior to the onset of the 2008-2009 labour market downturn. In the 12 months to July, employment rose by 388,000 (+2.1%), mostly … Continue reading

Gen Z – Managing them

Millennials are no longer the new kids on the block. The oldest members of this often-analyzed, and sometimes fretted about, generation of workers are now in their mid-30s, and have successfully integrated into the workforce. But just as we’ve all learned to work together, there’s a new generation coming of age. Meet Generation Z — … Continue reading

The Future of Work – A framework for understanding 

What are the components that collectively constitute “the future of work”? Perhaps the logical place to begin is with the forces that are driving these changes (figure 1). Based on our experience and research, we have identified three forces that are shaping the nature of future work and the future workforce: Technology. Technological advances—for example, … Continue reading

The four faces of the alternative workforce

Some companies already recognize the challenges of maintaining a consistent culture across locations and extending it to people in alternative workforce arrangements. Consider the challenge that Snap Inc., the parent of Snapchat, acknowledged when it filed its IPO. Snap Inc. broke the Silicon Valley mold by launching its IPO without a designated corporate headquarters. In … Continue reading

Diversity and Inclusion – 71 percent of surveyed organizations aspire to have an inclusive culture

As organizations face shifts in globalization, employee expectations, and the competitive landscape, the topic of diversity and inclusion is becoming increasingly critical. Our latest research found that 71 percent of surveyed organizations aspire to have an inclusive culture, but only 12 percent have achieved this objective. Organizations should find new ways of thinking about diversity … Continue reading

The Shifting Skills Gap – A sudden 24% year-over-year decrease in the number of executives who believe it is real

  Last year, a whopping 80% of the C-Suite believed the skills gap—a lack of essential work skills and abilities in the workforce—was real. The gap was widest when it came to so-called soft skills like critical thinking and problem solving (41%), closely followed by hard technical skills associated with the job (39%). But this … Continue reading

Zero-Hours Contracts in UK – Around 1.7 million working and another 1.9 million do not provide work

The expression “zero-hours contract” is a colloquial term for a contract of service under which the worker is not guaranteed work and is paid only for work carried out. It generally leads to “a form of working where the worker is not guaranteed any work but has to be available as and when the employer … Continue reading

Deindustrialisation in US – Just 35% know that manufacturing output has risen

Manufacturing jobs in the United States have declined considerably over the past several decades, even as manufacturing output – the value of goods and products manufactured in the U.S. – has grown strongly. But while most Americans are aware of the decline in employment, relatively few know about the increase in output, according to a … Continue reading

Australia – A very positive perception of mature age workers by employers

Attracting and retaining an engaged and productive workforce is key to the success of any organisation and, in turn, is critical to a thriving economy. With an ageing Australian population and skills shortages experienced across many industries, it is more important than ever for organisations to encourage experienced workers to remain in the workforce. Whilst … Continue reading

UK – Full employment is back on the agenda

‘Full employment’, for so long considered an unreachable relic of a bygone age, is back on the agenda. That it is once again part of economic and political debates is testament to the UK’s remarkably strong employment performance in recent years. A record-high employment rate is something few people would have thought possible this soon … Continue reading

Minimum Wage in US – This week marks the eighth anniversary of the last time the federal minimum wage was raised

This week marks the eighth anniversary of the last time the federal minimum wage was raised, from $6.55 to $7.25 on July 24, 2009. Since then, the purchasing power of the federal minimum wage has fallen by 12.5 percent as inflation has slowly eroded its value. However, this decline in the buying power of the … Continue reading

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