Real-time LMI with Vicinity Jobs
Having real-time labour market information (LMI) enables communities to better market their strengths, attract new businesses while supporting existing ones, and also help to develop a more resilient workforce. That’s why MDB Insight has forged a partnership with Vicinity Jobs to provide this critical information.
Alongside the recovery path that will emerge in a post-pandemic landscape, real-time LMI is especially important when factoring in the changes to Canada’s National Occupation Codes (NOC) system, which occurred in 2021 but are coming into effect in 2022 to allow for sufficient transition time to the new system. Some changes include the use of a 5-digit NOC code system versus the current 4-digit classifications, plus a new Training, Education, Experience and Responsibilities (TEER) method of grouping experience and skills that are needed for each job. These changes to the NOC are intended to better reflect the level of education, experience and responsibilities needed of each occupation and replace the existing Skill Levels currently used with six categories instead of four for a more granular level of information.
There are a few reasons why the NOC system is shifting away from a skill type model to the TEER system. The TEER system is believed to better reflect the level of work experience and education required for a specific occupation, and also eliminate some artificial categorizations between low and higher skilled jobs. It is intended to be more representative of the requirements of employers and skills of the workforce for present and future needs.
Economic and labour market professionals using real-time data which includes the enhanced 5-digit NOC information will be better positioned to identify current needs and trends in their communities and beyond, while also increasing their confidence in making decisions.
In this case study, you will discover how you can utilize data for workforce development initiatives depending on the 4-digit or 5-digit NOC code system, and the significant impact it can have on the results.
Vicinity Jobs offers an efficient way to get valuable and actionable insights, with more accurate and relevant data about the Canadian labour market. We understand your unique workforce development challenges, particularly getting that local picture of labour demand. We are a Canadian owned leader in LMI in Canada including information at the 5-digit NOC level, thus adding a deeper level of detail to the job demand reports previously generated.
Talk to us about putting this data to work in your own community.
Contact Trudy Parsons, Executive Vice-President.