Labour Market Trends Cannexus Jan 10

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Here is the Power Point for Val Lougheed's talk on Labour Market Trends at the Cannexus Conference in Ottawa, January 26th, 2010

Transcript of Labour Market Trends Cannexus Jan 10

Staying Ahead of Labour Market Trends

Northern Lights Canada

TwitterTwitter

#NLCAN

“Y” this talk now?“Y” this talk now?

• The world is flat

• The Economy and the

Labour Market

• BRICA

• The Future of Work• Wherever we go, there we are

Workshop ObjectivesWorkshop Objectives

• Inform

– About Labour Market Trends

• Understand

– Why such trends are happening

• Position

– Ourselves and our clients correctly

in order to stay ahead of trends

SourcesSources

• Books

• Newspapers

• Magazines (mostly stolen)

• Colleagues

• My kids

“You can discover most of what you need to know by simply noticing the nature of the changes taking place. The trick then lies in learning how to take advantage of these changes.”

Campbell, C., 1998

Getting the most from this workshopGetting the most

from this workshop

• Pick one strategy

• Use it next week at work

Value of Your Honourable Work

Value of Your Honourable Work

• You witness people facing life-

altering challenges

• You participate in their making

major changes in their lives

• You help people

Understanding the Labour Market System

Understanding the Labour Market System

Perlmutter & Trist, 1986Senge, 1990

Systems Explained

made up of individual, interrelated parts

causes its own behaviour

Senge, 1990

CultureCulture

The world is flat.

Friedman, 2006

Change is like a bulldozer sweeping the landscape, and those who don’t change are going to be flattened!

Dr. Tomorrow(Frank Ogden)

Toronto Star, July 2008

Reuters.com, May 2009

Canadian Business

Nov. 9, 2009

April 2008

April 2009

Calgary SunDec. 2, 2009

Calgary SunNov. 22, 2009

Globe Life

Nov. 2009

“The Global Village”

Marshall McLuhan

Culture – The World is FlatCulture – The World is FlatFlatteners• Nov. 9, 1989 (11/9) – The Berlin Wall

came down• 1990’s

The Internet & The World Wide Web Work-flow SoftwareUploading – Harnessing the power of

communitiesOutsourcing

• 2001 – Offshoring

Speed

“I have a microwave fireplace. You can lay down in front of the fire all night in eight minutes.”

Steven Wright

Culture – The World is FlatCulture – The World is Flat

Flatteners

• 2000’s Supply-Chaining Insourcing In-Forming The Steroids

Time

June 15, 2009

Vanity Fair

Nov. 2009

Managing Me, Inc.

I was going to buy a copy of The Power of Positive Thinking, and then I thought:

What the hell good would that do?”

BenefitsCanada.com

Nov. 16, 2009

• what we do

• beliefs

• language

• traditions

Culture Unspoken but shared assumptions that guide the daily behaviour of people.

Clemmens-Rumizen, 2002

Culture – The World is FlatCulture – The World is Flat

List five words or phrases that

define our current culture.

Macro

Economy & Government

BRICA & NY*LON*KONG

Macro – Evolution of The Economy

Macro – Evolution of The Economy

Beck, 1995; HRDC, 1994; Pritchett, 1996

Macro – Evolution of WorkMacro – Evolution of Work

Beck, 1995; HRDC, 1994; Pritchett, 1996

My dog is worried about the economy because Alpo is up to $.99 a can now. That’s about $7 in dog money.

Joe Weinstein

Calgary Sun, Oct. 2007

Calgary Sun, Jan. 2008

Nightmare on Wall Street!

Calgary Sun, Jan. 2008

Calgary Sun

Mar. 2008

National Post

Feb. 2008

Calgary Sun

March 2008

Calgary Sun

Mar. 2008

Calgary Herald

Mar. 2008

Sub-Prime MeltdownSub-Prime Meltdown

• NINJA mortgages• Canada Bank Act

• Sub-prime mortgages –

Canada – 5%

US – 1 out of every 4 or 5

Holt, 2007, p. 64

Toronto Star

Jul. 2008

National Post

Sep. 2008

Calgary Sun

Oct. 2008

Calgary Sun Oct. 2008

Global Economy – (2004 – 2007)Global Economy – (2004 – 2007)

+

• US – 10% of global growth

• BRICA – 50% (Brazil, Russia, India, China plus large

Middle East oil producers)

-• US purchases 25% of Canada’s gross domestic product

• 80%+ of Canada’s exports US

Hodgson, 2007, p. 66Buchanan, 2007, p. 66

Calgary Sun

Jan. 2008

Jan. 2008

Globe & Mail

Nov. 12, 2009

Canadian Economy “Robust”Canadian Economy “Robust”

• Solid growth in incomes

• Resilience of Central Canada (in light of US sub-

prime meltdown)

• Western Canada – AB & BC

• Employment rate – all time high

• Unemployment rate – 33 year low (5.9%)

• Strong consumption growth

• Will be able to withstand US problems.

Hodgson, 2007, p. 67-68

“Absence of evidence is not evidence of absence.”

Wolf, 2007, p. 62

Calgary Sun

Mar. 2008

Potential RiskPotential Risk

• Backlash against globalization+

• Lost manufacturing jobs+

• Homeland security worries+

• Efforts not well-received abroad+

• Illegal immigration

Could lead to Isolationism & Protectionism

Bremmer, 2007, p. 68-72

US recession Geopolitical Instability

Calgary Sun, Dec. 5, 2009

Calgary Sun

Oct. 3, 2009

Calgary Sun, Dec. 5, 2009

Dec. 1, 2008

BusinessWeek

Dec. 1, 2009

“What goes up”“What goes up”

• Strong world economic growth

• Recessions usually check growth – but

no recession for 16 years

• No supply crunch now to warrant soaring

oil prices

• Probably not going to last

Hall, 2007, pp. 72-74

MacroMacro

Major economic trends?

Dominant government responses?

Meso

Labour Market

Change & the Economic Imperative

MESO MESO

Change and the Economic Imperative

“The Darwinian struggle to survive.”

Many businesses have discovered that the attributes that made organizational structures ideal in the Industrial Economy could potentially cripple those organizations in the New Economy.

Coy, 2000

MESO MESO

Post-Industrial Society

“This calls for different organizations, as well as different kinds of workers.”

Peter Drucker

MESO MESO

The Organization of the Future

1. Hungry for Change

2. Innovative Beyond Customer Imagination

3. Globally Integrated

4. Disruptive by Nature

5. Genuine, not just Generous

The Enterprise of the Future, IBM Global CEO Study, 2008

MESO – New Economy Organizational StructureMESO – New Economy

Organizational Structure

• Flat

• Self-regulating

• Collaborative

• Participatory

• Responsive

• Innovative

• More Time-Consuming to Build

Coy, 2000; Trish from NLC Ottawa

Future Employment Opportunities

Small Business

Self-Employment

Contract Work

Part-time Work

Life-long Learning

HRDC

MESO MESO

An H.R. Paradox

Oversupply of low-skill resources generates unemployment.

Talent shortages threaten economic stability and growth.

HRSDC, 2008

Globe and Mail

August 2008

2010 Hot Jobs 2010 Hot Jobs 1. Property Administrators

2. Insurance Adjusters

3. Customer Service Clerks

4. Architectural Technologists

5. User Support Technicians

6. Systems Testing Technicians

7. Respiratory Therapists

8. Medical Radiation Technologists

9. Medical Sonographers

10. Dental Hygienists (HRSDC 2010)

And … SASKATCHEWAN

New Job TitlesNew Job Titles

• Bioaesthetic Coach

• Experience Designer

• Health-Enhancement Mentor

• Intercommunity farmer• Personal Genome Optimizer

Richard A. Samson (“Hyperjobs: The New Higher-Level Work and How to Get Into It,”

Nov-Dec 2005)

New Job TitlesNew Job Titles

• Chief Health Officer• Coordinator of Workforce

Development and Continuing Education

• Corporate Historian• Manager of Diversity• Manager of Faith-Based Relations and

Initiatives• Offshore Outsourcing coordinator

John A. Challenger (“Working in the Future: How Today’s Trends Are Shaping Tomorrow’s Jobs,” Nov-Dec 2005)

New Job TitlesNew Job Titles

• Chief Innovation Officer• Executive Chef, Space Airline• Global Work Process Coordinator• Skycar Mechanic• Telemedicine Technician• Transhumanist Designer/Technician• Underwater hotel manager• Vice President of Experiences

Joyce Gioia and Roger Herman (“Career Planning for the 21st Century,” Nov-Dec 2005)

New Job TitlesNew Job Titles

Manager of First Impressions

New Lifetime Work PatternsNew Lifetime Work Patterns

WorkSchool Retire

From

To

Sc ho o l Wo rk Trn g Wo rk Une m p Trn g Wo rk Une m p Wo rk Trn g Wo rk Re tire

Human Resources Development CanadaKawartha Lakes Management Area, June 1994

Career PathsCareer Paths

Foot (1998), p. 81

Top Transferable Skills for the 21st Century

"flexible, ready-trained, on-demand, enterprise-ready”

Team Player

Oral/Written & Electronic Communications

Computer Skills

Basic Math Skills

Analytical – Problem Solving

HRDC, Kawartha Lakes, 1994Nuala Beck, 1995; HRSDC, 2008

Flexibility – Versatility

Interpersonal

Organized – Planning

Time Management

Leadership

Self-starter – Takes Initiative

Globe and Mail

April 2008

Globe and Mail, April 2008

Globe and Mail,

April 2008

Globe & Mail

Nov. 12, 2009

Paradigm Shift

We have entered the age of the “contingent” worker … one who is resourceful, fluid, and flexible. Employment is now “contingent” on the results that the employer can achieve

Workers are wise to think that they are in business for themselves, and their tasks are outsourced to them by the employer

Employability replaces employment security

William Bridges, Jobshift, 1994

DemographicsDemographics

Act Your Age!

Demographics

2/3 of everything

+

Electoral Politics

Technology

National Values

Foot (1998), p. 7Adams (1997)

Depression & World War II Babies 1930 - 1946

Baby Boomers1947 – 1966

400,000+ babies every year

Generation X1960’s

Baby Bust1967 - 1979

Generation Y -- Millennials1980 - 1995

Millennium BustGeneration Z

1996 - 2010

Demographics

Foot (1998)

pp. 22-31

April 2008

MillennialsMillennials

• Not driven by dreams of financial success

• What’s a career?

• Willing to move around (a lot)

• Want feedback daily

• Want input – want to be heard

• Fearless and blunt

• Work-life balance

• Flexible schedules

• Philanthropic work

• BREVITY

Sacks, 2006, pp 72-75

CalgaryInc., April 2008

CalgaryInc.,

April 2008

MESO - OrganizationsMESO - Organizations

Multi-generation labour force

A.K.A.Scenes from the

Culture ClashFast Company, January 2006

Strategic Organizations• Overriding mission and purpose

• Long-term

• The “what” and the “why”

• Able to attract individuals through strong employer brands

• Able to retain individuals through understanding and responding to various motivations to work

New Corporate Vision Statement

Wherever we go,there we are.

MesoMeso

What will work look like in the

future?

• Jobs

• Work Environment

• Work-Life Balance

Micro

Individuals

Up the Creek with a Paddle

Employable

You are employable if someone will hire you.

Time

May 25, 2009

BusinessWeek

Oct .19, 2009

Benefits Canada, Peace of Mind Guidebook, www.benefitscanada.com/microsites/peaceofmind

Employed

Training/reskilling = job protection.

HRSDC, 2008

Micro – Teams & IndividualsMicro – Teams & Individuals

Tactical

• Calculated, small, hands-on actions

serving a larger strategic purpose

• Short-term

• The “how”

“You can discover most of what you need to know by simply noticing the nature of the changes taking place. The trick then lies in learning how to take advantage of these changes.”

Campbell, C., 1998

Perlmutter & Trist, 1986Senge, 1990

Micro - Getting the most from this workshop

Micro - Getting the most from this workshop

Strategies to Work and Prosper

What I need to know/do.

1.

2.

3.

4.

5.

NORTHERN LIGHTS CANADASHOWCASE SESSIONS

TUESDAY, JANUARY 255:00 TO 5:30 P.M.5:30 TO 6:00 P.M.6:00 TO 6:30 P.M.

PROVINCES 1 ROOM

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