CareerWise is always on the lookout for the latest reports related to career development. Here are four reports that we found interesting this week.
Upskilling and Reskilling: How employers are retraining and retaining Canada’s workforce (Business + Higher Education Roundtable)
Sixty-five percent of respondents to BHER’s 2022 Skills Survey said they have a strategy in place to upskill and reskill workers whose jobs may be at risk of transformation or loss in Canada, and 80% believe companies should pay the majority of costs for employee training. However, in establishing upskilling and reskilling initiatives, it’s not always clear to employers where they should turn for resources or potential partners.
Labour Force Survey, February 2023 (Statistics Canada)
The unemployment rate held steady at 5.0% in February, just shy of the record-low 4.9% observed in June and July of 2022. It was little changed following two consecutive monthly increases in December and January.
Proof Point: Canadian women drove a pandemic shift into higher-paying jobs (RBC)
Labour force participation among working women hit a record high of 85.6% in January. Aided by more flexible work arrangements and affordable childcare, this rebound also saw a wave of women take steps to advance or reshape their careers. Following pandemic lockdowns, many women moved into higher-paid and more productive roles.
The Effect of Employer Understanding and Engagement on Non-Degree Credentials (UPCEA)
Although both workers and employers are seeing the tangible benefits of alternative credentials, research has demonstrated that many employers still have concerns regarding their quality and validity. This research examines employers’ awareness of non-degree education opportunities offered by higher education and their interest in partnering with colleges/universities to develop and deliver non-degree training and education.