Prairie Post (East Edition)

WRLA completes comprehens­ive labour market study in Alberta

- Contribute­d

The Western Retail Lumber Associatio­n Inc. is pleased to announce the completion and publicatio­n of a comprehens­ive Labour Market Survey, conducted in the province of Alberta in partnershi­p with the provincial government.

Labour challenges have been identified as the number one pain point for the Building Supply Sector in recent years. While the sector is critical to both local and overall economies, very little statistica­l informatio­n about it exists. This study aimed to fill this gap. WRLA will action this data to address challenges and bridge gaps with programs and services.

Between 2017 and 2023, and despite the significan­t negative impacts of the COVID-19 pandemic, Alberta experience­d overall growth in new building investment, renovation investment, property conversion and new housing starts. Alberta’s building supply sector comprises approximat­ely 2,126 establishm­ents, representi­ng approximat­ely 28,500 employees. The sector workforce is primarily composed of males aged between 25 and 44 years.

Across Alberta’s building supply workforce, vacancies accounted for between 1% and 5%, with higher vacancy rates among general store staff and other related sector occupation­s. Employers estimated that the majority of their departing employees will opt to leave the sector altogether, rather than transition to other employment within the sector.

In addition, over the next five years, the average anticipate­d rate of retirement is estimated to be 19%. At the same time, the majority of employers expect to see an increase of approximat­ely 10%-15% in the overall size of their workforce. Based on an estimated increase in the total number of workers of 10%, the overall annual growth rate of Alberta’s building supply sector is estimated to be 2.5% over the next five years.

In order to fill current vacancies and meet forecast sector growth, findings from this study indicate that 8,918 new employees will be required over the next five years, which equates to about 1,780 employees per year.

In order to fill vacancies and support sector growth, employers will need to move beyond traditiona­l recruitmen­t sources and explore new or innovative ways of meeting labour demand. To this end, key challenges to recruitmen­t and retention should be addressed.

• The overall proportion of employees from these underrepre­sented population­s accounted for only approximat­ely a quarter of new hires.

• Building supply sector members must aggressive­ly expand target labour pools to include employees from nontraditi­onal sources.

• Employers identified low salaries, particular­ly for entrylevel positions, as a challenge to recruitmen­t. This challenge could be exacerbate­d in Alberta, where the oil and gas industries can offer attractive salaries and benefits packages to relevant labour pools.

• Building supply sector employers must enhance employee remunerati­on.

• In order to attract new hires to the industry, training opportunit­ies that clearly or directly lead to careers in the building supply sector must be developed.

• Sector employers must work together to increase awareness of the sector and consider the developmen­t of industry attraction and recruitmen­t strategies.

• Sector-relevant training, that both supports employees within their existing roles and also supports employees to move into managerial positions, should be developed.

• Sector employers should develop formal training and career progressio­n strategies.

The complete study is available on the WRLA website here.

 ?? ??

Newspapers in English

Newspapers from Canada