Exploring Labour Market

Trends
 Why should you know about
labour market trends?
When choosing a career it is
important to consider what the
demand for your skills will be
in future when you graduate.
Many professions go through
boom and bust cycles.
For example, there is a high
demand for nurses in British
Columbia. Several years ago
nurses were leaving the
province because there were
few opportunities here.
It is important to keep in touch
with labour market trends to
help you manage your career.
Words from Warren, a university
graduate
Graduated from UVic with a liberal Arts
degree which he discovered was not
enough for todays labour dynamics
I recognize now that technological
expertise is essential to make use of my
degree
I regret the lack of thought and research
which were missing in my decision
making
 Our goals
learn to understand some basic labour
market statistics
access labour market information from
newspapers and websites
consider the skills and education that are
required by todays employers
research labour market trends in a career
of your choice
 Education is in demand
Jobs requiring post-secondary will
grow by 95% (Economic Council of
Canada)
In the next decade, 64% of all jobs
created will require more that 12 years
education and training almost half of
these jobs require more that 17 years
There is emphasis on life-long learning
(continuous retraining) to stay current
with change
Future employees will be capable of
functioning in various work areas
because they will be required to have
a broad knowledge base
Employees with more than a basic
knowledge and skills of technology are
more likely to succeed in the
workplace
More education & training = more
opportunities & money
 The Harsh Reality
85% of parents expect their child
to attend university or college
85% of grade 8s and 9s expect to
continue to post secondary
education, including 70% who plan
to be university graduates
Reality only 20% actually attend
university and of the grade 8s and
9s only 14% receive a first degree
Only 9% of students plan to go
directly to work, however, 64%
actually do go straight from high
school to the work force
 Career Development
It takes an average of 10 years
for average young people to
access the beginning of a
career path (VSB STEPS,
Winter 1995)
It is expected that young
people will change jobs 10
times during their working life
People will no longer stay in a
job for 25 years it takes to earn
a gold watch but will move
every six or seven years
People who do not move as
frequently are known as
career lazy
More individuals will work part-
time or on a contract basis
A realistic goal for the future
for some people is in
entrepreneurship
Job search strategies must be
proactive to be successful
Maintaining connections will
assist the job searcher and
provide access to opening in
the workplace
Sectors of the Economy

A nations economy
can be divided into
various sectors to
define the proportion
of the population
engaged in the
activity sector.
This categorization is
seen as a continuum
of distance from the
natural environment.
 Primary Sector
The primary sector of the
economy extracts or
harvests products from
the earth.
Activities associated with
the primary sector include
agriculture, mining,
forestry, farming, grazing,
hunting and gathering,
fishing, and quarrying.
Secondary Sector
The secondary sector of the
economy manufactures
finished goods.
Activities associated with the
secondary sector include metal
working and smelting,
automobile production, textile
production, chemical and
engineering industries,
aerospace manufacturing,
energy utilities, engineering,
breweries and bottlers,
construction, and shipbuilding.
 Tertiary Sector
The tertiary sector of the
economy is the service
industry.
Activities associated with
this sector include retail
and wholesale sales,
transportation and
distribution,
entertainment,
restaurants, clerical
services, media, tourism,
insurance, banking,
healthcare, and law.
Quaternary Sector
The quaternary sector
of the economy
consists of intellectual
activities.
Activities associated
with this sector include
government, culture,
libraries, scientific
research, education,
and information
technology.
 Quinary Sector
Includes the highest
levels of decision making
in a society or economy.
This sector would include
the top executives or
officials in such fields as
government, science,
universities, nonprofit,
healthcare, culture, and
the media.
 What does employment in the
territory look like?
What is our top employer in the territory?
Second?
Lets check out yukonworkfutures
Lets also check out unemployment rates
and population growth
Lets have a peek at the
December 2016 Employment Report
What makes us different from other
places?
Types of Employment
 Full-time employment
If you work full-time
you generally work
between 35 and 40
hours per week on a
continuing basis.
You receive full
weekly wages and
benefits according to
your employment
contract.
 Part-time employment
Part-time Benefits of part-time employment

employment is Some of the benefits of part-time

employment include:
employment on a a guarantee of regular and
continuing basis for rostered weekly hours that should
not be altered without notice
hours less than the access to paid leave (sick, annual
standard work day, etc) within predetermined
minimum entitlements
week or month guarantee of a weekly earning that
allows for budgeting and access to
finance
access to minimum notice
requirement for termination,
redundancy, change of rostered
hours.
 Casual employment
A casual employee means an individual hired to do work of a
temporary nature, i.e. maintenance worker, warehouse / store stocking
& inventory, etc
It can also be known as seasonal employment because it is seasonal
in nature, which is not continuous throughout the year, but recurs in
successive year, i.e fisher, cannery, farm labourer, etc
A term employee is hired on a contract for a specific period of time
under that contact the employment is considered continuous, i.e.
researcher, community organizer, political speech writer, etc
Commission is when an employees wage is based on what and how
much he or she sells, i.e. car salesperson, insurance salesperson
Piecework is when an employee is paid per item he or she produces,
i.e. when a berry picker is paid per pound picked rather than an hourly
wage
 Disadvantages of casual
employment
no access to paid sick leave
no guarantee of hours to be
worked
no requirement to be given a
roster or to receive notice of roster
changes therefore making it
difficult to plan time for personal
reasons
no guarantee of regular income so
it can be difficult to plan a budget
and can limit access to loans from
financial institutions limited unfair
dismissal protection
no paid annual leave: while a
casual receives a payment in lieu
of annual leave, this is often spent
at the time it is paid, not saved for
a period of leave no access to
paid public holidays
no access to personal or carers
leave
no notice of termination
can have limited access to
training, career development,
access to workplace information
and a feeling that their work inputs
may be less valued than those of
permanent staff
 Self-employment
Self-employment is where
a person works for
themselves rather than
someone else or a
company that they do not
own.
To be self-employed, an
individual is normally
highly skilled in a trade or
has a niche product or
service for their local
community.
 Benefits of being self-employed

you are your own boss

you can work when you
choose to
you have control over
how the job is done
there are tax incentives
for work expense that can
be claimed back via the
tax system
any profit made goes to
you and not someone
else.
 Disadvantages of being self-employed

no sick leave, annual leave and long service

payments
you must pay your own workers compensation
and public liability insurance and superannuation
you may have to work long hours
you may have to look for new business or
contracts to ensure you have work
you will have to do all your own paperwork and
chase up any due payments
no job security beyond your contract time