The global labour market continues to evolve amid a backdrop of remote work, shifting migration patterns, and increased economic development, suggests a new report. But at least the worst of the layoffs is probably behind us, data from CBRE shows. The worldwide unemployment rate closed 2022 at 5.8%, according to statistics from the United Nations’ […]
Canadian Documentary to Reflect on History and Complexity of Remote Work
As March looms, we approach the fourth anniversary of Canada’s initial Pandemic lockdown. The response to the emerging Covid-19 virus—including a temporary shuttering of many businesses and offices—spurred an unprecedented surge in Canadians working from home (and not working at all). Digitalization and automation were “already well underway before the pandemic and COVID-19 accelerated it,” according to […]
Life Sciences Sector Challenged by Growing Talent Shortage in Canada
In recent years, British Columbia’s life sciences sector has emerged as a significant driver of innovation and economic growth in the province. Since 2019, the sector achieved 27% growth in GDP, making it the fastest growing life sciences sector in Canada and outpacing the growth of the overall B.C. economy. Today, the sector is a […]
Government Launches Nationwide Campaign to Help Canadians Upskill
Executives estimate that 40% of their workforce will need to reskill as a result of implementing AI and automation over the next three years, an IBM survey found. As AI and automation continue to evolve, a large segment of the global workforce “will need to acquire new skills to remain relevant in their professions,” hiring […]
As AI Takes Over Work, LinkedIn Reveals This Year’s Most In-Demand Skills
LinkedIn data shows that skillsets for jobs have changed 25% since 2015 and are projected to shift by 65% by 2030. And the company’s last “Future of Work Report” found that a majority of executives no longer consider the traditional four-year degree as essential to an organization’s success. Indeed, the skillsets hiring managers seek are […]
In Age of AI, Canada’s Top Employers Embrace ‘Continuous Learning’
A list of Canada’s Top 100 Employers for 2024 has been released. Now celebrating its 24th year, the Canada’s Top 100 Employers project is a national competition to determine which employers offer exceptional workplaces for employees. Initially distributed late last year through The Globe and Mail, the annual list is now available online for talent […]
Achievers Report Reveals Tactics to Avoid ‘Great Resignation’ of 2024
A survey of Human Resources professionals in Canada found that two-thirds of employees “have one foot out the door.” The survey is a part of the sixth annual 2024 Engagement and Retention report from Achievers Workforce Institute, the research arm of employee experience solutions company Achievers. “In 2021, AWI predicted the Great Resignation, when more […]
Will Virtual Reality Training Become the New Corporate Standard?
Last year, a Vancouver startup went through the Chevron Technology Ventures Catalyst program, which is designed to accelerate the development of breakthrough technologies and solutions that can potentially shape the future of the energy industry. Founded in 2008 as an immersive gaming studio, today Motive.io aims to revolutionize how companies train employees—within the energy sector and beyond—by providing realistic […]
Canadian Fintech Targets ‘Significant Job Creation’ Following Relocation
Balance last year filed an application with Alberta’s Treasury Board and Finance to incorporate a special purpose trust company under the Loan and Trust Corporations Act. The company wants to offer true Canadian custody for crypto holdings. The Toronto-born fintech, which currently custodies $1.5 billion worth of digital assets in its SOC2-certified proprietary platform, today […]
As Job Skillsets Shift, LinkedIn Tracks Roles on the Rise in Canada
LinkedIn data shows that skillsets for jobs have changed 25% since 2015 and are projected to shift by 65% by 2030. Executives estimate that 40% of their workforce will need to re-skill as a result of implementing AI and automation over the next three years, a IBM survey found, which could translate to 1.4 billion […]