A Growing Labour Force Population, Age, Average Income and Wage - - PowerPoint PPT Presentation

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A Growing Labour Force Population, Age, Average Income and Wage - - PowerPoint PPT Presentation

Dec 10, 2023 286 likes •730 views

A Growing Labour Force Population, Age, Average Income and Wage POPULATION 38.7 2011 2018 2031 (Forecasted) is the median age 136,063* 150,096 210,000 61% post-secondary education of the workforce has a AVERAGE HOUSEHOLD INCOME 2010

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A Growing Labour Force

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Population, Age, Average Income and Wage

Sources: 1) Census 2011, 2018 Environics 2) Growth Plan for the Greater Golden Horseshoe 3) EMSI Analyst, Dataset 2017. 3, Industry Overview *Revised. – The 2011 count for this area has been revised.

POPULATION AVERAGE HOUSEHOLD INCOME AVERAGE WAGE

2010 2015

$80,928 $91,977

2016

$40,930 (83% of national average)

2011 2018 2031 (Forecasted)

136,063* 150,096 210,000

25,525, 18% 19,675, 14% 96,230, 68%

AGE GROUP

0-14 years 65 years and over 15 -64 years

38.7

is the median age

61% post-secondary education

  • f the workforce has a
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Labour Force

Population by Age (Simcoe County)

Current Population:

479,650 40% Expected

Growth by 2031

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Education Attainment

165,095 74,780 121,245 31,070

42% 19% 31% 8%

Simcoe County

College or University certificate or diploma No certificate, diploma or degree High school diploma or equivalent Apprenticeship or trades certificate or diploma

51,040 19,990 35,220 7,325

45% 18% 31% 6%

Barrie

College or University certificate or diploma No certificate, diploma or degree High school diploma or equivalent Apprenticeship or trades certificate or diploma

Source: Census 2016

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80 85 90 95 100 105 110 115 120 J a n

  • 9

J a n

  • 1

J a n

  • 1

1 J a n

  • 1

2 J a n

  • 1

3 J a n

  • 1

4 J a n

  • 1

5 J a n

  • 1

6 J a n

  • 1

7 J a n

  • 1

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  • 1

9

Employment, Barrie CMA (thousands)

§ Employment has grown by over 25,000 jobs in ten years and roughly 8,000 jobs since 2017 § Average wages show 2-5% differential to GTA; slight premium over outlying cities such as Kingston, London § Record year for industrial building permits

Barrie, in central Ontario, is a regional urban growth center and benefits from high average household income in line with that of the province and a growing and diversifying economy. – S&P

Employment Growth & Jobs

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Source: EMSI Analyst, Dataset 2018.1, Industry Overview

71,923 Jobs 73,406 Jobs 75,602 Jobs 77,022 Jobs 78,330 Jobs 101,000 Jobs

2014 2016 2015 2017 2018 2031

Barrie’s Job Growth

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Labour Flows

35,350 Barrie residents work within their own community 23,115 Barrie residents leave the municipality each day for work 11, 585 work in non-County communities 11,530 work in other communities in the County 20,155 non-residents commute into Barrie each day for work

20,155 non-residents commute into Barrie each day for work

Data limitation: These figures do not include persons who do not have a usual place of work. As a result, persons who work from home, outside of Canada or that have no fixed workplace address are not included. Source: Statistics Canada, 2016 Census of Population, Statistics Canada catalogue no. 98-400-X2016325.

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31.7% 1.9% 0.8% 0.5% 2.1% 63.0% Simcoe (w/o B) York Toronto Peel Other areas Within Barrie

Source of Commuters traveling to Barrie to work

19.6% 8.6% 6.3% 3.4% 2.2% 59.9% Simcoe (w/o B) York Toronto Peel Other areas Within Barrie

Destination of Commuters leaving Barrie to work

Total = 56,105 Total = 59,065

2016 Statistics Canada Census Data Source: ENVIRONICS Analytics

Commuters Going and Leaving Barrie

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2016 Statistics Canada Census Data

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2016 Statistics Canada Census Data

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2016 Statistics Canada Census Data

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2016 Statistics Canada Census Data

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Talent Attraction - Initiatives

CTV Job Works

Job Fairs – local and Skilled Trades College recruitment Skilled Trades Expo Commuter Campaign

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Invest Barrie Video

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CONTACT US TODAY: ZVI LIFSHIZ

Executive Director, Invest Barrie

STEPHANNIE SCHLICHTER

Director, Business Development KAREN DUBEAU Director, Creative Economy

invest@barrie.ca

705-728-9850 Investbarrie.com

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ttracting

How to be a

Talent Magnet

in Simcoe County

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Recruitment Strategy

§ Tip 1 - Develop a formal strategy § Tip 2 - Look within at your talent § Tip 3 - Look beyond traditional methods § Tip 4 - Uncover your unconscious bias § Tip 5 - Monitor your reputation

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Tip 1: Develop a formal strategy

A strategy document should include:

§ Your brand definition § Criteria for each position/role § Supply and demand of labour § Sources or methods for recruitment § Criteria for evaluation of the sources § Your selection process

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Tip 2: Look within for talent

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Tip 3: Look beyond traditional methods

§ Stay connected with a proactive recruitment process § Network at trade shows and conferences § Build a talent pipeline database § Leverage social media § Attend college career fairs, create internships § Be creative and challenge the status quo!!

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Tip 4: Uncover your unconscious bias

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Tip 4: Uncover your unconscious bias

Stats Canada 2016 Census

§ Barrie -14,270 visible minorities,

  • approx. 10.2% of population

§ Simcoe County- 33,965 visible minorities, approx. 7.2% of population § 13.4% of Barrie residents are immigrants, 13.1 in Simcoe County, 29.1 in Ontario and 21.9 across Canada

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Tip 5: Monitor your reputation

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Questions?

HR Performance & Results, Inc. Janice Leroux, CHRL Phone: 705.719.7962 Email: janice@hrpar.ca

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. ttracting

How to be a

l

ntMa net

in Simcoe County

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Agenda Overview

  • Introduction
  • 5 Key Principles to Attracting Top Talent
  • 1. Create a Desirable Culture
  • 2. Assess Your Unique Offerings
  • 3. Discover What Employees Care About
  • 4. Establish a Brand of Choice
  • 5. Develop an Attractive Online Presence
  • Wrap-Up
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SLIDE 27
  • 1. Create a Desirable Culture

Wh What does es this is lo look lik like? e?

  • be part of the big picture
  • clarity on mission and vision
  • understand the core purpose
  • share ideas and feel heard
  • empowered to create positive change
  • strong leaders who engage with their team
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SLIDE 28
  • 2. Assess Your Unique Offerings

Wh What sets you apart from other er companies es?

  • Great on-boarding experience
  • Total compensation
  • Flexible work arrangement
  • Job Share options
  • Career development & training
  • Mentoring programs
  • Unique, engaging and inspiring workspace
  • Team building and wellness program
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SLIDE 29
  • 3. Discover What Employees Care About

Wh What are some discovery methods?

Organize Peer Groups, Employee Satisfaction Surveys

  • Monitor online feedback and reviews
  • Regular check-ins and one-to-ones
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SLIDE 30
  • 4. Establish a Brand of Choice

How do people perce ceive your brand?

  • Invested - apparel, maintained vehicles
  • Professional - courteous, responsive
  • Organizational – consistency, relevant
  • Community - get involved, give back

Ho How solid is your brand?

  • What are your clients saying about your company?
  • Is your presence on and offline stable?
  • How well does your company adapt to constant change?
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SLIDE 31
  • 5. Develop an Attractive Online Presence

Wh What are they looking at?

  • Current – Social media, website, LinkedIn
  • Glass Door – feedback and reviews

Wh What are they looking for? r?

  • What are you involved in?
  • What is your company doing? Saying?
  • What are customers and other employees saying?

Ho How d w do y

  • you
  • u sh

show u w up?

  • Inclusive, diverse, collaborative environment, involved in community
  • Fun, interactive, innovative, opportunity for growth
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Thank you for being here!

Hea Heather er Wilson, AT

ATC

Co-Founder | Director Business Development Cheetah Fusion Creative Agency 705-302-3386 www.cheetahfusion.com

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Geneviève Lagacé-Gore

Manager of Employee Benefit Solutions McBride Robillard Financial Solutions Inc.

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  • Benchmarking – Are you

competitive within your industry?

  • Total Rewards – Know the

value of your plan

  • Top 5 emerging trends to

attract your ideal employee

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McBride Robillard

Financial Solution. Inc.

~EALJH

WEAL

J~

HAPPINESS

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* The Sanofi Canada Healthcare Survey, 2019

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SLIDE 37

Ø Understand what your industry is offering Ø Identify areas that require your attention Ø Prioritize the motivators that will best improve your compensation package

Benefit to you: Include details of your competitive advantage in your hiring process

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SLIDE 38

This tool helps identify the performance of your plan against similar employers:

  • Financials – review of

the premiums and cost sharing

  • Design – details the plan

benefits, levels of coverage and additional services offered

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SLIDE 39

Ø Detail to employee prospects the $ value of the benefits offering.

Benefit to you: Draft a total compensation statement to communicate the value of your total rewards package

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Total Compensation and Benefits Statement

Prepared for Jane A Doe

WAGES AND PAY FOR TIME OFF Your Regular Pay $56,000.00 Your Premium Pay and Other Pay (overtime, Shift Diff, On-Call) $0.00 Your Benefit Time Off Pay (PTO, Vacation etc.) $2,240.00 Your Total Pay $58,240.00 BENEFIT PLANS Firm's Annual Cost Your Annual Cost Benefit Payment* Health & Dental Insurance $2,067.25 Non-Contributory Basic Life Insurance $224.99 $56,000 100% of Annual Earnings Non-Contributory AD&D Coverage $29.04 $56,000 100% of Annual Earnings Non-Contributory Dependent Life Insurance 45.11 $5,000/$2,500 Spousal & Child Coverage Long Term Disability $1,345.46 $3,127 67% of Monthly Earnings Employer Health Taxes $1,092.00 Canada Pension Plan Contributions $2,564.10 $2,564.10 Employment Insurance Premiums $1,170.67 $836.19 Worker's Compensation Premiums $616.00 RRSP Contribution $1,000.00 $ match to $1,000/yr TOTALS $8,809.16 $4,745.75 ADDITIONAL COMPENSATION ABOVE REGULAR PAY $11,049.16 16.5% $67,049.16 Total Value of your Compensation and Benefits Package

This tool provides the employee with a true picture of their total compensation including:

  • Base salary / Vacation time
  • Mandatory Benefits – CPP / EI etc.
  • Benefit Plans – health & dental

plans, group savings plan, disability coverage

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SLIDE 41
  • 1. Flexibility – The Hybrid Solution
  • 2. Growing interest in Medical Cannabis
  • 3. Virtual care
  • 4. Focus on well-being benefits:
  • Flu clinics
  • Gym / Physical activity programs
  • Employee & Family assistance programs
  • Financial literacy educations
  • 5. Strong support for personalized medicine
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SLIDE 42

Geneviève Lagacé-Gore

Manager of Employee Benefit Solutions McBride Robillard Financial Solutions Inc. (705) 722-7655 x228 genevieve.lagace.gore@sunlife.com

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SLIDE 43

Stephannie Schlichter

Director, Business Development Invest Barrie

Janice Leroux

HR Performance & Results, Inc.

Heather Wilson

Cheetah Fusion Creative Agency

Geneviève Lagacé-Gore

McBride Robillard Financial Solutions Inc.