LME powerpoint2 - revised July 2015 tc

Get the Labour Market

Edge

What do you know about London’s Labour Market?

Welcome to…

Workshop Objectives…

Improve on our understanding of what the Labour Market is, and its’ relationship to employment.

Learn more about some of the Tools, Techniques and Resources available to assist in researching the Labour Market, and more specifically the Local and Regional Labour Market.

Learn to use Labour Market Information in the career decision making process, and for job search.

Learn how to conduct an Informational Interview.

Discuss Networking techniques, and how to use them for Labour Market Research and job search.

Let’s Get to Know Each Other!1) Name, where’d you grow up, and where else lived?2) What kinds of work have you done so far, and what kind(s) of work are you looking for now?3) What would you really “like” to be doing in 3 years?

4) Dream Job? (What would you like to do for a living IF money & education were not an issue?!?)5) One question you want help answering today about the London Labour Market?

Please interview your partner, ask these questions, and be prepared to introduce them to the restof the group in about 5-10 minutes.

Group Guidelines Confidentiality – what we talk about & discuss today

stays in the room - please Respect for differing opinions and alternative world views Participation – comfort level Open Mind to new ideas Ask a Question any time Any more thoughts to add?

What do you need to know and learn about Southwest Ontario’s labour market?

“Labour Market Edge” Workbook and the

“Research Planning Worksheet”

Career Development Phases

Values

Needs & Preferences

Personal Traits & Characteristics

Work & Life Experiences

Health

Aptitudes & Skills

Hopes & Dreams

Interests

Wages & Income

Physical RequirementsHours of Operation

Educational Requirements

EnvironmentOccupational Demand

Benefits & Perks

Economic TrendsLabour Market Trends

Industry Information

Location

Decide on a Goal

Create an Action Plan

Put Action Plan Into Motion

THE LABOUR MARKET Basically and simply it’s the study of Supply and Demand (i.e. selling & buying) Influenced by various Factors and

Trends that change over time; sometimes quickly

It’s made up of People; Employed, Under-Employed, Unemployed, Employers, Self- Employed, and also those considering entering or re-entering the Workforce

6 PRIMARY FACTORS THAT AFFECT THE LABOUR MARKET1) Labour Market and Social Trends2) Economic and Political Changes3) Occupational Information & Research4) Labour Market Skills Demand5) Labour Market Information Resources6) Education and Training Requirements

Labour Market and Social Trends

Trends vs. Fads???

“Trends” in the Labour Market

Technology and Globalization Environmental Concerns and

Changes Workplace Changes (e.g. Non-

Standard Employment, Self-Employment, etc.)

Leisure/Lifestyle and Well-Being Industrial Changes (Goods vs.

Services) Demographic Changes

TECHNOLOGY How do people feel about technology? What are the overall impacts on Society? What kinds of jobs are disappearing? What kinds of jobs are being created?

http://www.techalliance.ca/www.ledc.com

ENVIRONMENT

http://environment.nationalgeographic.com/environment/sustainable-earth/11-of-the-fastest-growing-green-jobs/

www.goodwork.ca/jobswww.workgreen.ca

NON STANDARD EMPLOYMENT Contract Work Temp Work Several Part Time Jobs Self Employment Working From Home

What is Today’s Standard?? Tomorrow’s??

www.labour.gov.on.ca/english/

LEISURE/LIFESTYLE/WELL BEING

WHAT MIGHT BE THE POTENTIAL IMPACTS ON LOCAL OCCUPATIONS, SERVICES AND INDUSTRY?

www.statcan.gc.ca/start-debut-eng.html

ECONOMIC AND POLITICAL TRENDS IMPACTING OUR LABOUR MARKET

Stimulus money? Government Policy? Taxation levels? Globalization? Trade Agreements? Industrial shifts? Anything else???http://www.conferenceboard.ca/topics/economics/default.aspx

INDUSTRIAL SHIFTSGoods vs. Services Groups

- 100 Years ago….2 out of 3 workers in South Western Ontario worked in

manufacturing; the “GOODS” producing sector

- Today?... Approximately only 1 in 4 now work in the production of “GOODS”… many more jobs created in the area of “SERVICES”

DEMOGRAPHICS

http://www.footwork.com/pyramids.asp

LMI RESEARCH SKILLS

LABOUR MARKET SKILLS All Labour Market Trends can lead to Opportunities!!! Determining what these trends are also means having to learn to identify the skills and training needed to participate in these Opportunities; improving andenhancing your ability to stay employed, and doing the kinds of work you really want to do.

FORECASTING Occupational forecasting = Voodoo? What’s The “Best” kind of job in the

future???The # of Current Jobs + Growth + Turnover= # of probable Opportunities How does London’sTurnover Rate comparewith other cities?Slower or Faster?

The Labour MarketJobs on the Way Out?

Jobs on the Way In?

THE HIRING LADDER(especially true in a tight economy)

1) Boss hires someone they know will “fit” in (and who will probably cause them the least amount of grief)2) Boss hires someone a Co-Worker knows(Word-of-Mouth and Trusted Recommendation)3) Boss hires from Applicant Bank(those who sought the Employer out before need arose and made a good presentation warranting at least an Interview)4) Boss hires through Temp Agency or School (let them look after all this, saving me Time, Money, Energy )5) Boss places an Ad and starts the process (“Oh oh… Yikes! here come the Thundering Hordes!”)

NETWORKING 101 It is not who you know.It is really about who knows you.To get to the “truth”, to find what is really happening in your area, you needto be talking to those who actually know. If they don’t know, then they often know someone who does.

EDUCATION/TRAINING KEY = Improving Skills and Staying Current

Apprenticeship – not just for young people anymore

College/University – Continuing Education courses Private Career Colleges – fast and expensive Specific Skills Training (Forklift Certification, etc.) Professional Association accreditation On the Job! Request the opportunity! HAVE A LEARNING PLAN READY BEFORE ANY

INTERVIEW WITH ANY POTENTIAL EMPLOYER!!!

How is Training delivered?

Full or Part time – evenings, on-line, at home In class on-site, ling distance learning Virtual and On-Line degrees and certificates Seminars/Conferences/Workshops/Webinars Informal (e.g. reading, workshops, Internet,

experience, volunteering, on-the-job, etc.) Others????

THE PROJECT!! The Project is in the workbook Pick an Occupational Title you want to

research and follow the directions in the workbook

Website resources are listed in your workbook

Bring the results to your next appointment with your Employment Counsellor