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2018 Career Outlook - Canada

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2018 Career Outlook - Canada

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This presentation will discuss careers in demand for 2018.
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.

This presentation will discuss careers in demand for 2018.
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.

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2018 Career Outlook - Canada

  1. 1. 2018 Career Management- Outlook on Jobs By: Paul Young, CPA, CGA Date: January 11, 2018
  2. 2. Paul Young - Bio • CPA, CGA • Academia (PF1, FA4 and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Financial Solutions • SME – Business Process Change • SME – Supply Chain Management Contact information: Paul_Young_CGA@Hotmail.com
  3. 3. Overview  This presentation will discuss careers in demand for 2018.  All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/governm ent-policies-education-skills-development-canada- november-2017  The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
  4. 4. Agenda  GDP/Outlook  Middle Class / Video  Job Vacancies  December 2017/Employment  Top Careers for 2017/United States  Top Careers for 2017/Canada  Canada 2016 Labor Market Statistics  United States 2016 Labor Market Statistics  Entry positions  Middle class
  5. 5. Global Forecast Source: http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf Risks • Slow world wide economic growth • New USA government that is focus on reducing taxes and regulations • Climate change policies (i.e. carbon taxation/emissions) • Lagging productivity • Global Protectionism Trade Policies • Immigration/Refugee policies • Fewer IPOs
  6. 6. Middle class
  7. 7. Job Vacancies / Canada  Source - http://www.statcan.gc.ca/daily-quotidien/180111/dq180111a-eng.htm
  8. 8. Employment (CPC vs LPC) Source - http://www.statcan.gc.ca/daily-quotidien/180105/dq180105a-eng.htm
  9. 9. Liberals / Middle Class Source - https://www.liberal.ca/trudeau-unveils-liberal-platform-for-a-strong-middle-class/ “Stephen Harper wants us to think that if it weren’t for him, our economy would fall apart. But Canada’s economy doesn’t depend on him. It depends on Canadians. It depends on the people I meet all across this country, every single day,” said Mr. Trudeau. “People want economic growth, good jobs, and more money in their pockets. They want to see their voices and values represented in Ottawa. Canadians want a better government, not just a different one. It’s time for real change, and that is exactly what the Liberal Liberal 2015 GDP by PM Wage Growth by Year
  10. 10. Top Careers for 2017/United States Occupational Category 2012 Jobs 2016 Jobs 2012 – 2016 Job Increase Hourly Wages Types of Jobs Information Technology ,926,758 4,398,862 472,104 12% $40.82 or $79.600/annum • Data Scientist • User Interface / Front End Developer • Product Manager • Mobile Software Engineer • Information Security Manager Source: - http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=12%2f2%2f2016&siteid=cbpr&sc_cmp1=cb_ pr979_&id=pr979&ed=12%2f31%2f2016
  11. 11. Top Careers for 2017/United States Occupational Category 2012 Jobs 2016 Jobs 2012 – 2016 Job Increase Hourly Wages Types of Jobs Financial/Operation al Analyst 7,358,038 7,938,303 585,265 (8% Growth) $35.09 or $68,400/annu m • Operations Manager • Business Process Analyst • Product Development Specialist • Financial Analyst • Office Manager Source: - http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=12%2f2%2f2016&siteid=cbpr&sc_cmp1=cb_ pr979_&id=pr979&ed=12%2f31%2f2016
  12. 12. Top Careers for 2017/United States Occupational Category 2012 Jobs 2016 Jobs 2012 – 2016 Job Increase Hourly Wages Types of Jobs Health Care 8,035,052 8,641,939 606,887 8% $37.77 or $$73.600/annum • Family Practitioner • Medical Director • ICU Nurse • Cardiologist • Physical Therapist • Rehabilitation Nurse Source: - http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=12%2f2%2f2016&siteid=cbpr&sc_cmp1=cb_ pr979_&id=pr979&ed=12%2f31%2f2016
  13. 13. Top Careers for 2017/United States Occupational Category 2012 Jobs 2016 Jobs 2012 – 2016 Job Increase Hourly Wages Types of Jobs Skill Trades 12,049,958 13,067,497 1,017,539 (8%) $21.38 or $41,600/Annum, • Electrician • Plumber • HVAC Technician Source: - http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=12%2f2%2f2016&siteid=cbpr&sc_cmp1=cb_ pr979_&id=pr979&ed=12%2f31%2f2016
  14. 14. 2018 Jobs / Careers Source - https://www.bloomberg.com/news/articles/2017-10-24/health-care-stem-jobs-among-fastest- growing-u-s-occupations
  15. 15. Top Careers / Canada Source - http://globalnews.ca/news/2944692/the-top-eight-careers-of-the- future-in-canada/ Risks • Healthcare funding – Provinces are strapped for cash • Education funding – declining enrolment • Residential/non- residential investment has been sluggish
  16. 16. Here are Canada's top 15 employment prospects for 2018 Source - https://www.ctvnews.ca/business/hot-jobs-here-are-canada-s-top-15-employment-prospects-for-2018- 1.3790295#_gus&_gucid=&_gup=twitter&_gsc=kWoli2k 1. General labourer, $15.90 to $18.39 an hour 2. Sales representative, $52,000 to $64,000 (junior level) 3. Accountant, $63,000 to $75,000 4. Engineering project manager, $74,000 to $92,000 5. Business analyst, $73,000 to $87,000 6. Customer service representative, $37,000 to $43,000 7. IT project manager, $92,000 to $114,000 8. Account manager, $75,000 to $92,000 9. Software engineer, $83,000 to $99,000 10. Forklift operator, $16.59 to $19.42 an hour 11. Recruiter, $59,000 to $71,000 12. Administrative assistant, $44,000 to $52,000 13. Assembler, $17.62 to $20.63 an hour 14. Machinist, $22.36 to $26.81 an hour 15. Receptionist, $35,000 to $41,000
  17. 17. Blog – Employment – Entry-Level  Did the Liberals not run on jobs for all? https://www.liberal.ca/realchange/opportunities-for-young-canadians/  “After ten years under Stephen Harper, good-quality job opportunities for young Canadians are tougher nd tougher to find. Faced with high unemployment and underemployment, many young people have stopped looking for work altogether.  This is hard for both young people and their families. Many parents are seeing their household debt rise and retirement savings dwindle as they struggle to support their grown children, who often return home. It is time to invest in young Canadians – to help them get the work experience they will need to start their careers and contribute fully to our economy.  Yet in 2016 the job quality index hit the worst level in decades. So, much for sunny ways and jobs, right? Issues with entry level jobs: -  https://globalnews.ca/news/3914000/university-graduates-entry-level-jobs-canada/ “In 2016, around one in two entry-level jobs did not require a minimum level of education (87,500 vacancies). A quarter of those gigs (48,400 vacancies) required a high school diploma and one in five (18,300 vacancies) required a college diploma. Only 14,000 entry-level jobs required a university degree. For comparison, over 250,000 Canadians graduated from university in 2010. - https://globalnews.ca/news/3914000/university-graduates- entry-level-jobs-canada/?utm_source=%40globalnews&utm_medium=Twitter  Goods producing sector continue to lag other sectors in terms of job growth - https://www.slideshare.net/paulyoungcga/wages-and- employment-canada-policy-analysis - Goods producing sector would lead to engineering, quality control inspectors, supply chain management, inventory control, etc.  Retail/wholesale sector lead a good chunk of the growth. Warehousing is going through automation - https://www.xconomy.com/boston/2017/11/20/locus-robotics-gets-25m-to-help-warehouse-owners-compete-with-amazon/  Job Quality Index - http://www.cbc.ca/news/business/wages-cibc-job-quality-1.3872389 “The quality of employment in Canada is falling, according to a report from CIBC, with more low-paid jobs and those earning less than the average wage falling further behind. Both young people and Canadians over 55 are stuck in the low-wage job sector, primarily in-service jobs. But even among workers aged 25 to 54, 53 per cent had jobs that paid between 50 and 100 per cent of the average wage.  http://www.huffingtonpost.ca/2017/12/03/stingy-canadian-employers-face-workforce-crisis-in-2018-report_a_23295535/ “Canada's employers face a potential "workforce crisis" next year, as employees take advantage of a strong job market to leave their jobs in search of better pay and work conditions, a new report says. And it's due to employers' own reluctance to improve wages and hire permanent workers, according to the report from recruitment agency Hays Canada.
  18. 18. Blog #1 – Middle Class  http://www.torontosun.com/2017/10/11/canucks-believe-middle-class-dream-replaced-by-nightmare-poll  Yet Trudeau said the article is wrong? https://globalnews.ca/news/3769136/taxes-middle-class-liberals/ I hate to tell PM Selfie that Trudeau is wrong. You cannot eliminate tax credits, income tax splitting, etc. and then expect taxes will go down, because they do not! https://www.slideshare.net/paulyoungcga/did-the-middle-class-cut-truly-help-canadians . FYI - The child tax benefit did not reduce poverty by 400,000.  Trudeau so called middle class tax cut did not work - https://globalnews.ca/news/3769136/taxes-middle-class-liberals/. This is before carbon tax is implemented across Canada 2019. The carbon tax will hurt low to middle class more than the wealthy. http://www.cbc.ca/news/canada/saskatoon/australian-carbon-tax-opponent-chris-berg-saskatchewan-1.3884765  Yet the PBO office said CPC cuts help low to middle class Canadians. Trudeau again got it wrong about Harper and his policies!!!! https://globalnews.ca/news/1356467/tax-cuts-since-2005-net-canadians-30b-pbo/.  Wage growth - How about the fact your government has lost 75,000 mfg jobs? http://business.financialpost.com/opinion/75000- manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster How come incomes have grown only 3.8% for 10 years? http://www.cbc.ca/news/politics/statistics-canada-census-2016-income-hightlights-1.4287179  In 2014 is when Canada had the best middle class in the world - https://beta.theglobeandmail.com/report-on-business/top-business- stories/canadas-middle-class-now-worlds-richest-study-suggests/article18090490/?ref=http://www.theglobeandmail.com&  People complain about corporations and yet they contribute to wealth distribution –  Harper did not just focus on tax cuts including corporate tax, but also set up innovation funds and sign trade deals to expand exports. https://www.slideshare.net/paulyoungcga/wealth-distribution-canada-corporate-tax-july-2017. Trudeau was elected and said he will focus on clean technology, right? https://www.liberal.ca/wp-content/uploads/2015/08/A-new-plan-for-Canadas-environment-and-economy.pdf The problem is clean technology companies are not making money, right? http://www.bnn.ca/awash-in-red-ink-canadian-clean-tech-struggling- despite-ottawa-s-green-goals-1.729679  Harper created many innovation funds, sign trade agreements, expanded ports like Montreal, Prince Rupert, etc. Harper was all about getting goods to market. More could have been done, but pipelines as well as lack of priorities by governments including Ontario on natural resource development set Harper back - https://www.slideshare.net/paulyoungcga/merchandise-trade-canada-july-2017  Liberals love to fabricate the facts - https://www.slideshare.net/paulyoungcga/liberal-party-of-canada-election-promises-september-2017. FYI the middle class tax cut was supposed to be revenue neutral and it was not - http://www.huffingtonpost.ca/2015/12/07/liberals-middle- class-tax-cut-rich_n_8740118.html

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