Are you well enough positioned to compete in the new labour market?
Find out how the economy and the work world are changing in Part 2 of this three part series (Read Part 1 here).
4. Greater Cultural Diversity
Cultural Diversity has always been a part of the Canadian landscape and the number of newcomers in Canada is growing. As the global market place expands, the value that cultural diversity brings will continue to escalate.
Twenty years ago, approximately 1 out of every 5 Canadian workers were born outside of Canada. By 2030, this number is expected to rise to 1 in 3. In 1996, 1 in 10 Canadians belonged to a visible minority group. By 2030, the number may also be 1 in 3.
In the decades to come, highly skilled educated newcomers (“Knowledge Workers”) will become more integrated into the Canadian workforce.
While “Knowledge Workers” are more readily crossing borders, a number of barriers persist and must be addressed in order to realize the economic objectives and benefits related to diversity.
Fostering a mindset that values the unique contributions and perspectives of all people as well as an attitude of inclusion will help resolve issues related to public policy, cultural differences and social challenges.
5. Technological Change
Constantly evolving technology plays a significant role in the world and in the workplace. In years to come, the workforce will continue to be increasingly reliant on smart technology, mobile usage and social collaboration tools.
Although technology is not without its failings, it does, in most cases, determine how we do business and whether or not businesses succeed. Among the benefits for businesses is the ability to collaborate, communicate and market goods and services regionally, nationally and to a global marketplace around the clock.
Generation Y (1980-2000) is truly the first generation to have the latest technology continuously available at their fingertips. They easily adapt to the latest trends and changing technology. For better or worse, their computational skills and reliance on technology will influence the future work world.
Older workers may have a more difficult time adapting to the ever changing technological landscape. Businesses that lay the ground rules for communication and take measures to ensure that their employees are sufficiently trained and supported will fare better in the long run.
The pace of technological change will accelerate. Ignoring technology is not the optimal route to securing employment.
6. Fluid Workforce and Telecommuting
Traditional Careers are a thing of the past. Gone are the days of expecting to work a lifetime in the same full-time permanent positions with benefits.
As employers continue to face uncertainty so do the employees that work for them. Since the recession began in 2008, many employers are choosing to test the waters by hiring contract workers or long-term freelancers without benefits.
Along with the shift to hire temporary workers is the understanding that work values have changed and will continue to do so. A fluid, more technological workplace means greater flexibility and a differing perspective in relation to loyalty and work ethic.
As workers lose stability, many are choosing to focus on the pros associated with impermanence.
In some cases, individuals are enjoying the benefits of starting businesses that cater to the specific needs of employers who require contract work. Others may enjoy greater flexibility to balance work and life or the ability to work wherever they choose.
Virtual offices and a new deliverables-based approach to work are especially prevalent in the tech industry where it is advantageous for both employers and employees to work remotely.
As long as the trend continues to hire individuals on temporary contracts, workers will make the most of it by seeking flexible work hours and the ability to telecommute.
Adapt to the increasingly competitive labour market by acquiring the skills that are needed to succeed and thrive.
Read the last part to our 3 part series here.
Written by: Elsii Faria, Marketing and Outreach Specialist for Durham Region Unemployed Help Centre