MDB Insight Blog

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Can Alberta Communities Rely on Different Kinds of LMI for Data Collection?

Established as Canada’s national statistical office as part of the Government of Canada, Statistics Canada is an institutional analytics force that has provided data to Canadian’s and communities since 1971. As communities strive to best understand their talent needs and their local supply of talent, Statistics Canada is viewed as a reliable source. However, there is one factor that causes concern, that being: it’s not always the most timely information.

StatsCan can take a year or longer to publish specific data, with more regular data publications such as the Labour Market Survey, being challenging due to small sample sizes in many geographic regions. To those making informed decisions on workforce and labour market development, data must be localized, relevant, timely, and accessible.

In a time of rapidly fluctuating job environments, Albertan workforce development managers may need to look elsewhere in order to base their decisions on relevant, timely data.

Workforce data that is released on a monthly, or quarterly basis, and which features data specific to your Alberta community, will be more relevant to workforce development managers. For example, what happens when an Alberta community deviates from provincial and national trends? If StatsCan only releases data that reflects the trends in Alberta labour as a whole, but not your specific community, you might make decisions that would make sense in Edmonton or Calgary last year, but is not necessarily what your community needs. That’s why it’s important to have community specific and up-to-date workforce data.

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An Analytics Tool that Provides Localized, Timely Data Collection

StatsCan is still a mighty institution with accurate data for many uses. It is an important resource, , however, not the only one. Bolstering your data sources with several options will improve the workforce intelligence you use to make informed decisions. For this purpose, MDB Insight has partnered with Vicinity Jobs to create two local workforce reporting platforms: the Regional Labour Demand Report™ and the Regional Labour Supply Report™. The Jobs Demand Report™ gives you real-time access to online job postings in your area. Available monthly or quarterly, the Jobs Demand Report delivers detailed specifics about each job posting, such as the industry, the source of the posting, the salary range, job qualifications, required education, in-demand skills and certifications, and whether the job is full or part time.

The Jobs Supply Report™ helps you identify the skills and education levels of your local workforce pool. This helps you understand what industries and jobs may be viable to develop and which ones your community may not be able to support at this time. It shines a lens on labour retention (to keep your skilled labour pool) or attraction (to meet local employer talent needs).

Shining the lens on local community talent needs in timely fashion gives you a competitive advantage and informs strategic decisions on where to invest time and resources. This kind of data is intimately linked to your community and it can be at your finger tips as and when you need it. Think of it as personal data that is directly catered to your community, rather than Alberta or Canada as a whole. Want to know more about the economic development trends affecting Canadian communities in 2018? Download this free e-book to learn more.

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