1. SKILLS GAP 1.1 Introduction The Skills Gap is a term commonly used to outline the gap between the skills which employers require for a position and the skills which employees offer. In Canada, the Skills Gap exists at varying levels of severity for the different sectors, but it is…
Bridging the Soft Skills Gap: An Imperative for Businesses, Governments, and Individuals in the Evolving Marketplace
When discussing the issue of the skills gap, the conversation typically revolves around hard technical skills. However, just as there is a notable chasm in the technical field, there exists a substantial soft skills gap. This gap has far-reaching implications and is just as critical, if not more so,…
Lower-Skilled Workers in a High-Skill Economy: Navigating the Shift
As the 21st century unfolds, modern economies find themselves grappling with a significant challenge – an imbalance between the supply of lower-skilled workers and the demand for high-skilled jobs. This skills mismatch, driven by factors such as changing educational patterns and demographic shifts, has far-reaching implications for communities…
Employers at the Helm: Strategizing Effective Training Programs for Tomorrow’s Workforce
The rapidly evolving dynamics of the global marketplace have underscored the need for individuals and companies to stay current with relevant skills. This increasing demand for new and updated skill sets is primarily driven by technological advancements, changes in commerce, and fluctuating economic climates. However, the responsibility for developing…
Transitioning from a Resource-Based Economy to a Talent-Driven One: An In-depth Analysis of the Global Economy in the Technology Age
In this new era, the skills and capabilities of the workforce, commonly referred to as “labor talent,” have taken center stage. Technological innovation, coupled with globalization, has given birth to an economy that thrives on a unique resource – human talent. In the past, the value of a nation’s economy…
The Power of Increasing Engineering Graduate Numbers: Key to Future Economies
The global landscape for engineering talent has shifted significantly in the last few decades, and there’s a clear correlation between a nation’s development and its ability to educate and retain skilled professionals, particularly in fields of science, technology, engineering, and math (STEM). This article seeks to highlight the competitive…
Unraveling the Skills Gap Conundrum: A Comprehensive Introduction and Deep Dive into Skills Gap Concepts
The past few years have seen the proliferation of a peculiar paradox within the Canadian labour market. Despite the rising levels of unemployment, many employers express difficulty in finding suitable candidates to fill crucial positions. This dichotomy is a telling manifestation of the ‘Skills Gap’ – a complex labour…