A wave of Canadians quitting their jobs is about to squeeze the labour market
It seems like everyone is quitting their job these days.
Headlines out of the U.S. speak of mass resignations and a “summer of quitting,” as Americans leave because of overwork and burnout.
Here in Canada, there is evidence of the same trend. Even the boss is ready to quit, said a survey released Thursday by LifeWorks and Deloitte Canada, with 51 per cent of exhausted senior managers reporting they’re considering quitting, retiring or moving to a lesser role.
After this last year of lockdowns, is anyone surprised?
The report explains what’s behind the job resignation trend. Uncertainty over the economy forced people to stay put in significant numbers during the pandemic, even if they were unhappy, the report says.
That only partially covers it.
…this expected wave in voluntary job departures, combined with a rise in job vacancies, will make a labour shortage worse.
Shortage in certain industries.
It’s going to be a lot more difficult for companies to find the skilled workers they need to fill positions, RBC says. Sectors such as professional, scientific and technical service, which has a vacancy rate of 4.6 per cent, compared to 3.6 per cent across all industries, will be impacted the most.
So what do employees need to do to get into those sectors?
So what’s the solution? RBC says workers may be able to negotiate higher wages or more flexible working conditions amid a labour crunch, preventing some of those job vacancies due to dissatisfaction. But beyond that, the country will need to turn to new sources of workers, including immigrants, women and visible minorities. Still, those sources of labour won’t be enough in the short-term.
Once again, men are being excluded from the solutions.
What are employers and governments doing to help re-train/train your local population to fit these jobs?
You are only going to helping a section portion of your citizens.
Recall when biden put 10,000 workers out of the job by cancelling the pipeline? What did he say?
Go into building green energy industry.
Ok, where is that industry?
How are you helping them retrain for these new careers?
What is that? NOTHING!
Well, that same FU is being done up here in Canada as well.
And just like in the states, alot of people, after having gone thru the whole “you and your current job is deemed non-essential”, do not want to go back to a job that can be shut down with next to no notice.
“People are once again willing to quit if unsatisfied with their current positions — among the clearest signs that confidence in the labour market recovery is firming,” writes Andrew Agopsowicz, a senior economist at RBC Economics.
These so-called “experts” are clearly clueless.
The “great reset” of employer/employee relationship is changing the labour landscape.
So many employees, after having gotten comfortable being allowed to work from home, do NOT want to return to the office, even for only for a day or two of the week.
This is something this expert does not understand.
So have to start thinking in a post-pandemic landscape, not this pre-pandemic expectations.
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