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What are YOU doing about the Impending Labour Shortage?

As a preface to my blog,…I read an article from 1994,… “In about 15 years, the Canadian labour market is expected to experience a serious shortage of about a million workers. This problem is compounded by the fact that there are significant challenges in hiring for technical and skilled jobs, and in retaining existing key talent. The dilemma is also amplified by a number of long-term trends in the marketplace, including the impending retirement of baby boomers, slower population growth and global competition for jobs. Are Canadian companies ready for this labour gap?”

I’ve been doing a lot of networking over the past few months, meeting different thought leaders, from various organizations, representing all the Business Units and sharing stories and trends.

The overall impression is that the HR/recruiting BU is looked at as a cost center, reactive to the market place and unable to make a difference.

At on such event I got my moment in the sun, a marketing specialist said that now more then ever, there is an unbelievable window of opportunity for Recruiters to prove these folks wrong. The leaders of organizations are looking to us, as this “Impending Labour shortage” is on the doorstep, arm raised and ready to knock on the door. The group then turned to me and asked what the recruiting community is doing to insure that organizations are going to stay on top of this problem.

It was an eerie feeling to have all of these eyes turn, fix and listen to what I was about to say. But my goal is to hear what you have to say. What are today’s Recruiting “Thought Leaders” doing about this rapidly approaching problem?

Let’s share our proactive strategies with the community that is going to be asked to “make a difference”

Demographics and the upcoming Labour Shortage

In Geoff Ramey's Blog HOT ISSUES he asked what keeps me up and I responded "DEMOGRAPHICS".

We are all curently feeling the pressure of a tighter pool of good candidates TODAY.

JUST WAIT.....

With the Baby Boom starting to retire in the next 3-5 years we are going to experience "Gaps" in our workforce's skillset that are virtually irreplaceable.

For instance in IT the largest Employers in the country ie The Banks, Insurance Companies, Telco's etc. use Mainframe technology as the backbone of their IT. The average age of mainframe workforce in these organizations is 50-55 years old. Unfortunately most universities have not taught a mainframe course in over 10 years so the on going replenishement of these skills have been terribly neglected.

How are we going to replenish this skillset?

We are working with Clients on a two pronged approach
1. Create/Refresh the pool of resources
2. Retain / Prolong the current resources worklife

Through this combination we maybe able to refresh the pool and allow for time for proper transfer of knowledge.

Create/ Refresh the Pool
1. Creating a partnership between IBM (Mainframe provider)and universities (mainly continuing education programs) the encourage the teaching of this skillset.
2. Working with Federal Goverment on Immigration Policy to esnure that individuals with this type of skillset are attracted and allowed through our immigration process efficiently. (Unfortunately immigration is a much slower process to change then working with IBM and the Universities.)

Retain / Prolong the Worklife of Current Resources
1. Through flexible working arrangements, contracts, etc.

Many other skillsets, individuals with specific business knowledge etc are in the same boat.

As HR professionals we need to take note of our organizations demographics so that we can proactively address the "Gaps" in our workforce that will be caused by shifts in demographics.

Jeff Nugent Flextrack - Procom - 416-545-5253

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