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Global Skills Mismatch – Affects 1.3 billion people worldwide is imposing a 6% annual tax on the global economy

A skills mismatch that affects 1.3 billion people worldwide is imposing a 6% annual tax on the global economy in the form of lost labor productivity. Boston Consulting Group (BCG) explores this and other findings in its report titled Fixing the Global Skills Mismatch, which is being released today. According to the report, the skills … Continue reading

Construction Workers in Ontario – Retaining employees in the skilled trades

Compared to workers in most other sectors in Canada, construction workers are happier, more satisfied, and more fulfilled. Many regard their own occupations as practically ideal for them:  The wages and benefits are excellent.  It challenges their body and mind.  They are always learning.  They find their work stimulating.  They … Continue reading

Digital Skills Most In Demand in Job Postings in Canada – Not highly technical programming languages, but everyday digital skills

To illuminate the different combinations of skills that Canadians need to be competitive in the labour market, we have partnered with Burning Glass Technologies (Burning Glass) to examine job posting data from January 2012 to December 2018. This data covers all of the English- language online job postings in Canada, and reflects the combination of … Continue reading

Gig Economy in Canada – Rose from 5.5% to 8.2% between 2005 to 2016, with low annual income

The gig economy is a much-discussed global phenomenon, and mainstream and social media continue to speculate about the number of gig workers in Canada. Gig workers are usually not employed on a long-term basis by a single firm; instead, they enter into various contracts with firms or individuals (task requesters) to complete a specific task … Continue reading

Immigrants in Canada – Recent immigrants have higher entry wages and more work experience prior to admission than before

Immigrants admitted to Canada in 2016 reported a median entry wage of $25,900 in 2017, the highest recorded among immigrants admitted since 1981. Although the entry wages of recent immigrants have increased over the past few years, their income remains lower than that of the overall Canadian population. The Canadian Income Survey estimated the Canadian population’s median wage at $36,100 in 2017. … Continue reading

STEM-educated Immigrants in Canada – The country of education appears to be an important determinant

This paper examines the skill utilization and earnings of employed immigrants with a university degree in the science, technology, engineering, and mathematics (STEM) fields. Unlike earlier papers, which dealt with immigrant STEM graduates as a whole, this paper disaggregates the results by field of study and degree level (bachelor’s, master’s, and doctoral). In 2016, immigrants … Continue reading

Over-education Immigration in Canada – Recent immigrants experienced a clear occupational downgrading

The educational attainment of the Canadian population has been rising rapidly in recent decades. There is concern that educational expansion has outpaced demand, leading to an increased prevalence of over-education. Over-education is defined as educational qualification that exceeds what is required to adequately perform the job. This study uses census data to document the rising … Continue reading

Upskilling – 366,000 people in 197 countries surveyed

In one of the largest global surveys of labor trends and work preferences, BCG and online recruiting company the Network surveyed 366,000 people in 197 countries. The results revealed that most people are prepared to retrain for a new position.   If people feel that their livelihoods are affected by global megatrends, it follows that … Continue reading

New PISA – Most countries, particularly in the developed world, have seen little improvement over the past decade OECD finds

One in four students in OECD countries are unable to complete even the most basic reading tasks, meaning they are likely to struggle to find their way through life in an increasingly volatile, digital world. This is one of the findings of the OECD’s latest PISA global education test, which evaluates the quality, equity and … Continue reading

Commuting in Canada – The proportion of people working 25 kilometres (km) or more from the city centre is increasing

Using data from the 1996 and 2016 Census of Population, this study examines the geographic location of jobs, people’s commute and how they have changed over time. The commuting patterns for Canada’s eight largest census metropolitan areas (CMAs)—Toronto, Montréal, Vancouver, Calgary, Ottawa–Gatineau, Edmonton, Québec and Winnipeg—are compared. Since 1996, jobs have been moving away from … Continue reading

The Skills Gap in US – A look at the skill gap skeptics arguments

There can be no question that American employers have a record number of unfilled jobs. For the past year, the number has hovered around 7 million. As of early January 2019, the number reported by the U.S. Department of Labor Bureau. Faced with real numbers, skill gap skeptics make several arguments besides denying the validity … Continue reading

Skills and Credentials – We need a viable, globally recognised credential system

Few people realise the profound changes that a focus on professional capabilities and resulting micro-credentials have made both to global education and the recognition of individual expertise. This paper outlines and examines the opportunities and results from a concerted effort to effectively assess, recognise and credential human capability across all workforces and all levels of work, … Continue reading

Labour Market Policy in Europe – Time-series for key variables covering the period 2004-2016

This publication presents statistics on labour market policy interventions implemented by EU countries and Norway in 2016, together with time-series for key variables covering the period 2004-2016. Labour market policies are financial and practical policies that can help people in disadvantaged groups in the labour market move from inactivity and unemployment into employment or find … Continue reading

Reskilling and Upskilling in UK – National Retraining Partnership and National Retraining Scheme

The Fourth Industrial Revolution is changing the world of work at rapid pace and driving up the level of skills required. But this picture is complicated further by declining levels of adult participation in learning precisely at the time it needs to be going up. The UK skills situation is made more challenging by a … Continue reading

Pension Systems – Governments need to quickly put in place more inclusive and harmonised pensions for all OECD says

Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new OECD report. Pensions at a Glance 2019 says that non-standard employment, such as self-employment, temporary or part-time … Continue reading

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