Labour Market on Vancouver Island

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Miranda Franklin
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1 Labour Market on Vancouver Island September 2017 chemistryconsulting.ca

2 September 2017 Longest job creating streak in 9 years! Unemployment rate 5.1 % BC 4.6 % Victoria 5.1 % Vancouver Island chemistryconsulting.ca

3 Victoria, population 85,000 Hottest job market with 4.71 jobs for every 1,000 people Express Employment report

4 Current Job Postings 2,788 Indeed (Vancouver Island) 1,344 Craigslist (Victoria) 894 Craigslist (Nanaimo) Most advertised jobs in BC: Retail sales, banking, insurance and other financial clerks, cashiers, grocery clerk and carpenters Source: Express Employment report BIV) chemistryconsulting.ca

5 Carpenters Construction

6 Hi Tech 106 Jobs VIAtec

7 Nurses Healthcare

8 B.C. school districts in hiring crunch, face teachers shortage Cheryl Chan / Vancouver Sun August 25, 2017

10 Drivers BC Transit, Trucking, Delivery

11 = High turnover + difficulty recruiting

15 Employer Branding 69 % likely to apply if employer manages their brand (Glassdoor survey) 76% want details on what makes the company a great place to work (Glassdoor survey) 69% would not take a job with a company with bad reputation ( Corporate Responsibility Magazine, Allegis Group Services) 84% would consider leaving to go to another company with excellent reputation chemistryconsulting.ca

16 Marriott s #PictureYourselfHere Campaign Takes Job Seekers Behindthe-Scenes chemistryconsulting.ca

Millennials Millennials will dominate workforce by 2025 70 % of Millennials hear about companies

18 Millennials Millennials will dominate workforce by % of Millennials hear about companies through friends and online job boards Millennials will be the social media voice of your company

19 73% of Millennials (ages 18-34) are hired through social media 83% of job seekers on Facebook, 36% on LinkedIn LinkedIn has 119 million users in North America 79% of job seekers use social media in their job search (SHRM) chemistryconsulting.ca

20 Mobile Recruiting 45 % of job seekers use their mobile device specifically for job search once per day 54 % read company reviews from employees 48 % think mobile will be the most common way to search jobs within two years

21 Keeping the Employees you have Why they leave: Better work/life balance Better location/ shorter commute Job is not what they expected No potential for advancement Compensation chemistryconsulting.ca

22 What ranks more important than salary when considering a position? Job Stability 65% Benefits 59% Location 56% Good Boss 51% Good Work Culture 46% chemistryconsulting.ca

23 HR Changes

24 Benefits Then emphasis on retirement, vacation, health programs Now still value the basics, but employees want more flexible and individualized benefits Future modelling consumer type benefit cards, employees have a set amount up to which they can spend chemistryconsulting.ca

25 Social Media Then Facebook, Twitter, social media in general, seen as a distraction Now Social media is how people find information and are communicating Future may become obsolete, use social media and other instant messaging tools as primary communication vehicle chemistryconsulting.ca

26 Performance Reviews Then Annual reviews on performance, usually only formal communication or feedback, individual focused Now less formal, more immediate, (quarterly). Assessed on how they contribute to team, others success Future unsure, many companies still looking for the perfect employee appraisal system chemistryconsulting.ca

27 Employee vs Contractor Then only 10% were engaged by temp agency, independent contractor (2005) Now Less interested in career ladder, in US 1 in 4 workers are gig workers. People more focused on independence & opportunity Future Gig economy driven by economic changes and millennials will present challenges chemistryconsulting.ca

28 Final Thoughts Impact of tight labour market Increase in wages and salaries Retention difficulties Recruitment challenges chemistryconsulting.ca

29 Be creative in your recruiting and what you offer your employees. Keeping your employees motivated and engaged does not need to cost a lot of money, yet is crucial to success of any organization Human Resources isn t a thing we do. It s the thing that runs our business. Steve Wynn chemistryconsulting.ca

Trends in Recruiting and Retention

Trends in Recruiting and Retention June 29, 2016 @WFBCON #WFBCON16 Patty Cox Digital Marketing Veteran Former LinkedIn Executive Executive-in-Residence and Adjunct Professor, Northwood University Recruiting