BCs labour market information resources Shannon Baskerville ASSISTANT

BC’s labour market information resources Shannon Baskerville ASSISTANT DEPUTY MINISTER – Labour Market & Immigration Division Ministry of Jobs, Tourism and Innovation

Meeting BC’s Human Capital Needs MATCHING INFORMATION COLLABORATION BC not only needs more skilled workers; it is imperative workers have the right skills to meet regional economic opportunities Government has developed strong labour market analytics and forecasting capability that enables us to know where job openings will be, and where there is a need for Matching skills with job openings requires collaboration – from government, postsecondary institutions, employers, and other stakeholders

BC’s Labour Market Information Advantage

Forecasts for future supply, demand balance of occupations over the next 10 years. • 140 occupations • 7 regions • Annual (or more) updates • Ability to run Decision scenarios makers, Institutions, Career Practitioner s & industry

The power of BC’s labour market information EMPOWERS DECISIONS OF ALL USERS: Ø Employers can use forecasts, by region, to plan for future skills shortages and supply conditions. Ø Workers and students can make informed career choices that best meet their needs Ø and Government can align investments in training and skills development skills. with regional opportunities. Ø Post-secondary institutions can re-calibrate program delivery to meet regional needs. Ø Immigrants can make informed decisions about where to settle in BC based on job opportunities.

Using BC’s labour market information Some examples… Projecting • It is expected that within BC, an post-secondary institutions are oversupply training about 4, 000 more teachers than are required by of workers the labour market over the next five years. in an occupation • It is projected that there will be Projecting 3, 000 job openings for electrical engineering and a shortage technical electronics positions over the next five years. of workers However, there are only about in an 1, 000 graduates that will enter the labour market in this field occupation over the same time frame.

• Work. BC. ca: one -stop shop for BC’s labour market information. • Key resources for employers include: • Human capital projections • Business development information • Info on finding and keeping workers, workplace regulations and workforce adjustments

Interactive Forecast Tool • View supply, demand, unemployment rates etc. by career and region • The map changes as the user navigates through the 10 yr forecast timeline Decision makers, Institutions, Career Practitioners & industry Slide 8

Smartphone Application • Provides information provided by BC Work Futures on careers including: – Pictures or videos of the career – Income – Education and experience requirements – Brief overview description – Stability of the career – Opportunities (job openings) Ages 15 -25

Online Video Game • Promote careers which are projected to have labour shortages • Ignite interest and spark enthusiasm for science and trades-based careers • Incorporate a regional economic component Youth 8 -12

New Labour Market Information Projects WORK BC TV: A series of short videos featured on an interactive application. Videos will promote LMI products and job shadow in demand careers Career Cruiser: Travel to northern regions to promote LMI products and services with an emphasis on in demand careers for that area Car e Cru er iser Job Search: Revitalized job bank with online chats, employer profiles, regional highlights and more!

Discussion questions: • What labour market information would be most useful to you to help you run your business or organization? • What sources of information have you used to determine if you might face skills shortages in the future?