1. Exploring Labour Market Trends

2. 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.

3. Words from Warren, a university graduate
Graduated from UVic with a liberal Arts degree which he discovered was not enough for today’s 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”

4. Our goals learn to understand some basic labour market statistics
access labour market information from websites and other sources
consider the skills and education that are required by today’s employers
research labour market trends in a career of your choice

5. Education is in demand
Post-secondary is becoming more and more required for many jobs
More and more jobs are requiring higher levels of education and training
Life long learning
Requirements for broad-based knowledge
Tech skills
More education & training = more opportunities & money

6. What’s Actually Happening
Let’s check out the statistics for what’s going on in Canada for education:
What does this mean?

7. Career Development
It can take a while for a young person to find a career and get started (average is around 10 years)
It is expected that young people will change jobs more than 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

8. Sectors of the Economy
A nation’s 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. What does employment in the territory look like?
What is our top employer in the territory? Second?
Let’s check out yukonworkfutures
Let’s have a look at some Yukon Statistics including unemployment rates and population growth
Here’s some Canadian Statistics. How does the Yukon compare?
Let’s have a peek at the Jan 2018 Employment Report
What makes us different from other places?
Let’s look at BC’s Labour Market info:

15. Here are some jobs that might be in demand in the future:

16. Ok- so let’s talk about the skills needed!
This is from Yukon WorkFutures
“The more you can learn about the kinds of issues that impact occupational growth and decline, the more easily you will be able to make career decisions. In particular, it is important to understand how the following labour market trends can combine to influence employment opportunities.

17. Types of Employment

18. These are some things we’ve talked about:
Innovations in technology
The globalization of trade
Industry shifts
Demographic changes/aging population
Government policies/reduced spending
Changing business practices
Changing consumer demand

19. Transferrable Skills
If you’re going to change jobs a whole bunch of times, then it makes sense to focus on your transferrable skills, which is what employers are going to be looking for. We’ll discuss these more when we work on our resumes.
What skills would you want in a worker if you were hiring?
You and your team are going to be responsible for hiring people for a variety of jobs. Make a list as a team of your top 10 skills that would be important for each successful candidate to have.

20. 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.

21. Benefits of part-time employment
Part-time employment is employment on a continuing basis for hours less than the standard work day, week or month
Benefits of part-time employment
Some of the benefits of part-time employment include:
a guarantee of regular and rostered weekly hours that should not be altered without notice
access to paid leave (sick, annual etc) within predetermined minimum entitlements
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.

22. 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 employee’s 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

23. 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

24. 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.

25. 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.

26. 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