Canada’s Bio-Economy Facing Severe Labour Shortage | National News

OTTAWA, Ontario–(BUSINESS WIRE)–Oct 13, 2021–

Canada’s bio-economy is going through a extreme labour scarcity, with demand far exceeding provide as quickly as 2024 in keeping with a brand new, unprecedented labour market examine launched right now by BioExpertise Canada. The nationwide knowledge and evaluation suggests the rising bio-economy sector will want as many as 65,000 further employees by 2029 to satisfy demand, and present forecasts present the expertise pipeline to be three-quarters empty.

“Unless steps are taken now to ensure a steady flow of bio-economy skills, Canada will not be ready for the next few years, let alone another crisis,” says Rob Henderson, President and CEO of BioExpertise Canada. “Infrastructure is not enough – Canada needs world-class brain power inside those buildings.”

The in depth labour market examine contains an {industry} census, which signifies that Canada at the moment has some 12,000 bio-economy institutions, using about 200,000 employees. This complete is projected to develop to 223,000 employees by the top of the last decade, however except present situations change solely a few quarter of the out there positions can be crammed.

“The talent pipeline should be overflowing, but it’s not,” says Henderson. “In some sub-sectors, there will be an average of at least two job openings for every potential candidate by 2022. By 2029, that ratio could grow to 4:1.”

Bio-manufacturing is an space of explicit concern, particularly as Canada appears to be like to extend home manufacturing and deal with the dependence on overseas suppliers uncovered by the COVID-19 pandemic. For bio-manufacturing and manufacturing, in addition to distribution and logistics, labour provide is projected to be lower than 25% of labour demand from 2021 by 2029. This is even earlier than contemplating the extra labour demand stemming from efforts to regain Canada’s capability to bio-manufacture its personal vaccines.

“The evidence makes it clear action is needed now,” Henderson says.

The analysis underscores an pressing must construct human capability within the bio-economy by concentrated recruitment and retention methods.

Proposed options recognized by the examine embrace:

  • Diversity – Broaden the expertise pool, together with current immigrants (who at the moment comprise solely 9% of bio-economy employees), internationally educated professionals (simply 17% of the present bio-economy), Indigenous employees and employees with disabilities (lower than 1% every respectively).
  • Awareness – The analysis reveals low to reasonable consciousness amongst college students of bio-economy alternatives. Outreach, comparable to data on potential profession paths, profession festivals and networking occasions, might assist employers join with college students as early as potential to affect profession selections.
  • On-the-job coaching – Increasing work-integrated studying for workers will assist construct sensible abilities along with their educational credentials.
  • Re-skilling – Bio-economy employers should search for expertise from different industries the place it’s out there and discover the means to upskill and re-skill employees in front-line and administration positions quickly.
  • Human Resources – Given the bio-economy primarily consists of smaller corporations, fewer than 30% of bio-economy corporations even have one devoted worker for HR. To fill the expertise pipeline, there must be alignment between alternative and recruitment and improved HR practices typically.

In all sub-sectors of the bio-economy, Henderson notes the necessity for expertise doesn’t simply apply to science abilities. Employers additionally establish important ‘soft skills’ as key priorities, together with problem-solving, collaboration, communications, adaptability and interpersonal abilities.

“These are businesses, and like all business they require marketing, finance, logistics, communications and administrative ability,” he explains.

The knowledge and evaluation present a novel perspective, quantifying the magnitude of the abilities pipeline wanted for Canada to develop its bio-economy successfully.

The Labour Market Indicator examine included an employer survey. The survey, which was accomplished in March 2020 – simply because the pandemic was taking maintain – supplied a baseline for the analysis. This was adopted by two further COVID-19-related surveys. The examine additionally contains the first-ever nationwide Demand and Supply report in regards to the bio-economy.

This rigorous methodology – working together with economists – has by no means earlier than been achieved in Canada’s bio-economy.

“BioTalent Canada was in the field when the COVID-19 pandemic hit, tracking its impact,” Henderson says. “This was a unique opportunity to research the industry at the very moment it was under pressure to address a global crisis.”

Funded partially by the Government of Canada’s Sectoral Initiatives Program.

BioExpertise Canada helps the individuals behind life-changing science. Trusted because the go-to supply for labour market intelligence, BioExpertise Canada guides bio-economy stakeholders with evidence-based knowledge and industry-driven requirements. BioExpertise Canada is targeted on igniting the {industry}’s brainpower bridging the hole between job-ready expertise and employers and making certain the long-term agility, resiliency, and sustainability of one in every of Canada’s most important sectors. Recently named one of many 50 Best Workplaces in Canada with 10-50 staff and licensed as a Great Place to Work® for 2021, BioExpertise Canada practices the identical {industry} requirements it recommends to its stakeholders. These distinctions have been awarded to BioExpertise Canada following a radical and unbiased survey evaluation carried out by Great Place to Work®.

CONTACT: Media InquiriesSiobhan Williams

Director, Marketing and Communications

Rob Henderson is accessible for remark.

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES PHARMACEUTICAL SMALL BUSINESS OTHER MANUFACTURING LABOR SCIENCE BIOTECHNOLOGY HUMAN RESOURCES MANUFACTURING OTHER SCIENCE HEALTH PUBLIC POLICY/GOVERNMENT

Copyright Business Wire 2021.

PUB: 10/13/2021 08:00 AM/DISC: 10/13/2021 08:02 AM

Copyright Business Wire 2021.




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