How to Build a Workforce Development Strategy for Your Community
Successful workforce development requires reliable, real-time labour market information. Here’s how you can build successful strategies for your community.
Table of Contents (10 minute read)
- How to Build a Workforce Development Strategy for Your Community
- Understand Your Community’s Workforce Development Needs With Real-Time LMI
- Create Successful Workforce Development Strategies
- Can You Use Labour Force Data for Strategic Growth?
- Preparing for Labour Market Demand and Supply in 2025
- How to Use Survey Results to Bring Elected Officials Up to Speed Fast
- Attracting and Retaining a Millennial Workforce
- The Future of the Workforce
- The Workforce Development Tool to Keep Your Community Competitive
- A Look At The Workforce Of 2020
- Are You Tapping Into the Right Labour Market?
- Find Jobs Online: How Many of Canada’s Jobs Are Posted Online?
- Collaboration Among Workforce Support Organizations Leads to Win-Win
- Can You Collect Superior Data from Free Job Sites?
- How to Collect the Most Accurate Canadian Workforce Data
- Shifting How We Look at Higher Education
- Tools to Improve Healthcare Workforce Development in Your Community
- See the Labour Supply and Demand Demo
- Top 3 Trends in Workforce Development & Employment in Canada
Community workforce development attracts and retains a range of skilled, dynamic people with higher education–a strong workforce–to your region, to meet the evolving labour market demands of a given community.
Labour market demand, determined by what human resources local organizations need to maintain or grow their business, focuses on a community’s human resources. Workforce development strategies will attend to issues such as:
- Present and future labour needs
- Education initiatives to prepare the workforce to meet these needs
- Recruitment initiatives to attract workers to fill current and projected vacancies
Workforce development tools, like surveys, are essential for creating successful workforce development strategies. These strategies are key to developing and maintaining a community’s competitive edge. And, they’re often the difference between a community’s resilience or failure to thrive during economic downturns.
EDOs can influence workforce development strategies by:
using appropriate resources to get reliable information, and
forming effective partnerships (examples: workforce groups that run online job boards, healthcare workforce development groups, and with economic development management consultants like MDB Insight)
Understand Your Community’s Workforce Development Needs With Real-Time LMI
Dynamic and flexible workforce development strategies need to be based on reliable, real-time labour market information (LMI) data collection since trends in workforce development change over time. LMI survey data provides insight into:
- Current labour needs in your community and neighbouring communities
- What talent is currently available in your region or will shortly become available
- What labour needs your community will likely have in the future based on regional hiring trends
- Education and skills gaps in your community that will need to be filled in order to meet future hiring demands
Much of the information that you need will come from labour supply and demand survey results.
Traditional labour reports, however, are restricted in their ability to provide this information in a timely manner: often, by the time you receive them, the information is already dated.
Real-time labour reports, such as the MDB Insight and Vicinity Jobs’ Regional Labour Demand and Supply Reporting Systems™, provide reliable LMI on an ongoing basis.
The result is that your information is always up to date, so you can plan ahead with confidence to:
- meet high labour demand when business is booming
- find pools of qualified workers and, if necessary, develop appropriate recruitment strategies to attract and retain new residents to your community
- develop educational recruitment strategies to attract and train future members of the labour force
- get insight into regional hiring trends and local talent availability
- get insight into future labour needs and develop strategies long in advance so you don’t have to scramble to adjust your approach when labour needs change
Create Successful Workforce Development Strategies
Workforce development strategies that are appropriate for your region, for example, a strategy to retain the millennial workforce (the majority of workers now, born between 1981 and 1996), will help to keep your community competitive on an international scale and drive strategic growth ensuring your community, and local businesses, are growing or expanding at a sustainable rate, avoiding boom and bust cycles. Strategic growth should drive strong citizen satisfaction in your community.
With strong strategies, economic developers and other stakeholders don’t have to wait for Canadian workforce trends to show themselves in workforce changes: by then it will be too late to make appropriate adjustments to either increase recruitment strategies or use another method to build the workforce you currently have.
By using real-time LMI, such as the Regional Labour Demand and Supply Reporting Systems™, you can influence the direction and success of your community’s continuing economic evolution.
Can You Use Labour Force Data for Strategic Growth?
Labour force data can definitely help you drive strategic growth. But you need to have the right data that is tailored to your community, and you need to know how to apply. Here are 5 tips to help EDO's collect the right labour force data to develop strategic growth plans.
Preparing for Labour Market Demand and Supply in 2025
Trudy Parsons, EVP and regional labour demand and supply expert, hypothesizes about the possibilities of labour market demand and supply in the future. She provides a theory to rely on when planning and preparing for the future of your community.
How to Use Survey Results to Bring Elected Officials Up To Speed Fast
Onboarding newly elected municipal officials can be challenging. With quick survey results that deliver solid data, you can get new councillors on the same page fast. Survey results can help your Council work efficiently together to support your community.
Attracting and Retaining a Millennial Workforce
Having a workforce of blended generations is an asset to your community's future sustainability. You can attract a well-educated millennial workforce to your community with a few different strategies, including partnering with educational institutions to provide programs that are appealing to millennials.
The Future of the Workforce
Helping our youth become resilient for the changing future of the workforce means changing the conversation about work. Instead of focusing on specific credentials, our youth need to be adaptable, and have strong soft-skills, like a penchant for problem-solving, and adaptability, to apply their skills to any number of situations.
The Workforce Development Tool to Keep Your Community Competitive
A strong community needs to retain workers, investors, and visitors. Real-time workforce data can help you build strong strategic plans that include all three of these elements. Here are a few tips for what to look for in a labour reporting system as a workforce development tool.
A Look At The Workforce Of 2020
The future of jobs and skills is changing, The Future of Jobs and Skills report claims the world is entering a fourth industrial revolution which will have a drastic impact on the way we live, work, and move in the future. Here are a few ideas for how to invest in your current workforce to prepare them to adapt to the workforce in 2020 and beyond.
Are You Tapping Into the Right Labour Market?
Labour markets are under strain as technology changes, older populations age out of the workforce, and certain labour markets remain untapped. Many people are underemployed and would like to work more. There are so many markets of untapped talent available, and it can be challenging to identify these labour markets. Here are some tips to help you find this crucial labour market data.
Find Jobs Online: How Many of Canada’s Jobs Are Posted Online?
Statistics Canada data shows us that most of Canada’s job openings are advertised online. This means there is a ton of data available about regional hiring trends, skills that employers are looking for, and the needs of the labour market. Find out how to harness this data for your workforce development planning, to help your community find jobs online.
Collaboration Among Workforce Support Organizations Leads to Win-Win
There are many workforce development groups in most communities. It can be challenging to connect groups, but there is much to be gained from collaboration in your community. As a workforce development leader, you can help these workforce groups find commonalities and ways to work together with labour market data.
Can You Collect Superior Data from Free Job Sites?
There are a variety of free job sites available for employers to post on. Some of them provide better results, not only for employers but for community development. The data that can be collected from sites like Job Bank can give you data that can help you support the employers in your community, whether they're hiring seasonal labour or permanent labour.
How to Collect the Most Accurate Canadian Workforce Data
Stats Canada is an excellent source of data, but it’s not quite granular enough to provide deep regional workforce data. To build robust workforce development plans you need real-time Canadian workforce data. Find out how VicinityJobs can deliver that data.
Shifting How We Look at Higher Education
There is a high number of people with higher education who are underemployed or employed in a field drastically different than their field of education. But higher education is obsolete. If we shift the way we think about higher education, we can make the experience more valuable for students, and help them achieve better employment after finishing school.
Tools to Improve Healthcare Workforce Development in Your Community
Healthcare is essential for strong communities. Supporting your local healthcare providers with a strong healthcare workforce development strategy can help to improve the efficiency of your local health units, as well as retaining existing, and attracting new, healthcare workers. Real-time labour market data can help you develop a strong strategy.
See the Labour Supply and Demand Demo
A labour supply and demand demo can give you real-time hiring trends, and workforce information specific to your community. Book one today to support your community.
Top 3 Trends in Workforce Development & Employment in Canada
The Top 3 Trends in Workforce Development & Employment in Canada infographic delivers in-depth details about the top jobs across sectors, connecting with the youth workforce, and identifying the availability of the workforce.