Workforce Shortages Slowed Temporarily by Recession
Despite job losses resulting from the recession, current and looming skill shortages place renewed emphasis on succession planning throughout organizations.
| Category | Work-Life Program, Policies and Practices Innovation: Talent Management |
| Details | The global recession cost Canada some 400,000 jobs. The result was a slackness in Canada’s labour market, and the effect is perhaps compounded by boomers temporarily delaying their retirements due to the plunge in stock markets. But even though the ranks of the unemployed have grown, the supply of workers in some occupations and skilled trades remains slim. This executive action briefing warns that while labour supply is now plentiful in many industries, the recession has only provided a temporary reprieve from the tight labour market conditions of 2007 and much of 2008. Current and looming skill shortages have implications for immigration policy and practice, as well as for the use of temporary and contract workers. In the face of such widespread shortages, succession planning throughout organizations is of paramount importance. |
| Author | Pedro Antunes and Alicia Macdonald |
| Publication Date | February 2010 |
| Source | www.conferenceboard.ca |
| Format | |
| Availability | The report Lessons from the Recession and Financial Crisis: Lesson 3: Recession Only Delayed the Inevitable Work Force Shortages is available for purchase from the Conference Board of Canada for CAD$85.00. |
