PSE Skills for a Prosperous British Columbia: 2016 Edition

The Conference Board of Canada, 120 pages, December 13, 2016
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What skills and credentials will B.C. employers need in the next 10 years? This report presents findings that will help ensure that B.C. has an educated, productive, and skilled workforce.

Document Highlights

This report presents findings from original economic and labour market analysis using The Conference Board of Canada’s proprietary macro-economic model; a survey of more than 300 B.C. employers; interviews with employers and experts in four major economic sectors in B.C., accounting for more than 50 per cent of the economy, including finance, insurance, real estate; technology; natural resources and liquefied natural gas; and transportation and warehousing; as well as a review of relevant literature and current data.

PSE Skills for a Prosperous British Columbia: 2016 Edition identifies the skills and educational credentials B.C. employers need in their employees today and in the future; the impact of skills gaps on the B.C. economy; and the actions PSE institutions, employers, governments, and individuals can take to ensure that B.C. has a highly educated, productive, and skilled workforce.

Table of Contents

EXECUTIVE SUMMARY

Chapter 1–Introduction

  • B.C.’s Economy Continues to Shine
  • B.C.’s Demand for Skilled Workers Continues to Rise
  • Demographic, Economic, and Technological Challenges
  • Sources of Labour Market Participation
  • The Implications of Changing Skills Requirements
  • B.C. Employers Face Ongoing Technical, Employability, and Leadership Skills Challenges
  • B.C.’s Economic Future Depends on a Well-Educated, Highly Skilled Workforce
  • Project Objectives
  • Report Methodology and Structure

Chapter 2–The Impact of Skills Gaps in B.C.

  • Economic Impacts
  • The Economics of PSE and Work
  • Scenarios
  • Analysis
  • Closing the Gap Through Actions

Chapter 3–The Shape of B.C.’s Skills Situation

  • Employer Demand for PSE-Educated Workers
  • The Educational Profile of the B.C. Labour Force—Past and Present
  • Job Growth in the Last 10 Years
  • Up-Skilling and the “Great Recession”
  • Supply of PSE-Educated Workers in the B.C. Labour Market
  • Wages and the Price of PSE-Educated Labour in B.C.
  • The Demand for PSE-Educated Workers in B.C.
  • Forecasting the Educational Profile of B.C.’s Labour Force, 2016–25

Chapter 4–What B.C. Employers Want

  • Past and Planned Up-Skilling
  • Concerns Over Retirement and Competition
  • Conclusion

Chapter 5–Conclusion: Addressing Skills Needs in B.C.

  • Recommendations
  • Conclusion

Appendix A–About the Finance, Insurance, and Real Estate Industry

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