Stoking growth with critical skills

After more than a decade of middling growth, Canada’s economy grew at an annualized rate of 3.7 percent in the first quarter of 2017, significantly outpacing the 1.2 percent of real GDP growth in the United States for the same period.1 Executives are optimistic about their business prospects, with many predicting both revenue and profit growth over 2016. However, Canadian leaders expressed deep concern about their ability to both find necessary skilled resources across labor markets and maintain the skills of current workers. To redress the skills challenge, both public and private sector ecosystem partners must work together.

1 “Gross domestic product, income and expenditure, first quarter 2017.” May 31, 2017. Statistics Canada. http:// www.statcan.gc.ca/daily-quotidien/170531/dq170531a-eng.htm?HPA=1&indid=3278-1&indgeo=0

Featured findings

55% of Canadian industry executives cite finding appropriately skilled workers in local labor markets as a top skills-related challenge
60% of this group cite a lack of collaboration between industry and academia as one of the most fundamental challenges in skill development
59% of these executives say lack of motivation among individuals in the workforce to proactively update and improve skills is a fundamental challenge

About the authors

Mike King

Mike King
Vice President, Global Education Industry
IBM Sales and Distribution

Anthony Marshall

Anthony Marshall
Research Director, IBM Institute for Business Value
IBM Global Business Services

Dave Preston

Dave Preston
Partner and Consulting Leader
IBM Global Business Services

Dave Zaharchuk

Dave Zaharchuk
Research Director, IBM Institute for Business Value
IBM Global Business Services

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