Revealing the present job market conditions on PEI
As published by the Employment Journey, Gloria Welton, March 1, 2010
Island Recruiting is a professional human resource consulting firm that opened its doors on PEI in 2008. This recruiting service helps employers solve hiring challenges. The company recently surveyed over 900 Island employers in all Island sectors about their hiring plans for 2010.
“Traditionally, PEI employers have not needed help to find qualified staff,” says Blake Doyle, owner of Island Recruiting in Charlottetown. “But the labour market is changing. The baby boomers working now are nearing retirement. Much of the labour market is mobile, and young people may head out of province to work. But as a result of the western boom slowing down, it seems that fewer people are leaving and many want to return.”
Employers listed the following challenges they expect to face in 2010:
• rate of economic growth in light of the recent decline in revenue
• the impact of minimum wage increases
• finding qualified staff, labour shortages and staff retention.
•
Survey indicates employers are hiring
“In general most businesses are planning to hire more employees in 2010,” says Blake. “But plans for increases in hiring seem to be more for the first quarter of the year. Employers may find it difficult to plan further ahead not knowing how fast their businesses will grow after a decline in sales during the recession period.”
Matching jobs with the right person
“As a recruitment firm, we encourage employers to plan ahead for their future labour force needs,” says Blake. “The good news is that jobs are materializing, which is a great indicator for our economy. The other good news is that more people are being attracted to the Island as a safe place to live that offers a great quality of life. We are also seeing many Islanders wanting to return to PEI.”
Blake says he is definitely seeing an increase of people moving to PEI to work, whether they are new to the province or returning Islanders.
“The fact remains that we have a high unemployment rate, but we also have reports from employers saying they can’t find qualified workers. This may indicate a shortage of workers with skills that match the jobs available. When the economy fully recovers, the issue then may be that employers will experience a tighter market. There will be fewer qualified candidates to chose from and the need for effective recruiting will be greater.”
The key is to bridge the gap between employers’ hiring needs and the skill levels of the workforce. This can be done through good communication and planning. “When employers advertise a job opportunity, the ad may not attract the attention of the candidates most suitable for the job. On-line and newspaper ads are expensive, and may attract a huge number of replies that take time to sift through. Or the ads might not attract qualified applicants.
“A recruiter can screen applications and narrow down the field of applicants to a short list of people with the right qualifications. Then the employer can interview the screened candidatesto make the final hiring decision. Also, a recruiter can present a broader choice of eligible applicants, not just those who respond through traditional means.”
“I recognize a labour market inventory needs to be maintained for PEI. By better tracking the current skills of job seekers and the skills demanded by employers looking for workers, job seekers can better anticipate what the job opportunities will be and employers can better plan their hiring and training investments.”
For more information, contact Blake Doyle, Island Recruiting, at 367-3799.
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