Canada’s workforce changing
From the rise of artificial intelligence and increasing automation to shifting demographics as boomers begin to retire, Canada’s workforce is facing unprecedented change, according to the November LinkedIn Workforce Report for the Greater Toronto Area.
Here are some report highlights: Hiring was 27.3% cent higher in Oct. 2017 than in Oct. 2016. Seasonally-adjusted hiring is up 7.7% from last quarter.
Despite speculation on a reverse brain drain, U.S. politics haven’t driven workers from the U.S. into Canada. Over the past year, Toronto has gained the most workers from Montreal, Mumbai and the United Arab Emirates and lost the most workers to San Francisco Bay Area, New York City and B.C.
Toronto’s skills gap is primarily driven by a scarcity of workers with health-care management skills.
Toronto has too many workers with financial skills, including banking, financial planning and risk management.