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Unlike overcoming the educational and integration dysfunctions that have created the skills supply shortfall, reducing the brain drain is in the hands of business. Most firms have traditionally looked to the education and immigration systems to produce an adequate STEM skills supply. That attitude must change, both for their own financial survival, and that of our nation. 
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Yes, there are skills shortages, but a) not many think they are that significant, and big business thinks they’re better insulated than other companies in their sector. But compared to when the Canadian Council of CEO’s asked a similar (but ever so-slightly differently worded) question four years ago, the answers seem to be that skills shortages seem to have eased.
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Despite some progress in reducing education gaps, skills remain an important barrier for development on the continent, according to the Africa Competitiveness Report 2017. And while higher education participation in advanced economies is still growing significantly, in Africa it has only progressed from approximately 6.5% to 8.5% over the past 10 years.
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Canadian engineers are retiring en masse, and we need highly qualified graduates to replace them.
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While economists and labour market researchers agree one of Canada’s greatest challenges over the next decade will be how to solve skilled worker shortages, there seems to be no consensus about just how to do that.
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The federal government will make the issue the centrepiece of the budget
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
The biggest threat facing the economy is a massive shortage of qualified workers. It is estimated that there will be 1.5 million skilled job vacancies in 2016, and 2.6 million by 2021.
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From
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Access the reports for PwC's 16th Annual Global CEO Survey: Create a customised PDF of the main report and related industry and country reports.
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Canada. Overall, talent remains a key issue as 63% of Canadian CEOs ranked the availability of key skills the biggest threat to growth prospects. Talent will continue to remain top-of-mind, as more than three quarters of Canadian CEOs plan to increase investment in creating and fostering a skilled workforce.
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'Universities and colleges need to think about how what they’re providing translates into the labour market. And business needs to tell us what skills they need, because we don’t know'
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Look at any community college application list, and more often than not, you’ll find a sizable contingent of university graduates. The thought that a university degree is the ticket to instant career success is creating a backlash in Canada. We have more BAs than the market will bear, a growing shortage of practical skills, and an army of kids burdened with huge debt loads after spending upward of seven years in post-secondary education.
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
As the country continues to experience skills shortages in key sectors of the economy, the report describes the country’s growing shortage of highly skilled labour as critical, predicting shortages in the Manufacturing, Automation and Energy and Utility industries. Supporting this view are findings from 32 countries around the world, which reveal that Canadian businesses are reporting serious problems finding the workers they need amidst a growing skills shortage.
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Report of the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, December 2012.
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Current approaches employed by organizations in the industrial manufacturing sector are not enough to
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
The Canadian manufacturing sector has taken a hit in the past few years - especially Ontario - but there are pockets of stronger hiring activity and the most pressing issue is how employers are failing to address the generation gap between Millennials and generation X workers.
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Despite recognised as among the most vulnerable to the coronavirus, refugees across the EU and beyond are stepping up to support local communities in fighting against the COVID-19 pandemic. Their contribution is a reminder that – vulnerable or not – refugees have Skill that may be of added value to the local labour market of the countries of asylum, particularly those challenged with skill shortages.
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For years, governments have promised immigration and economic measures to give communities the workers they need – but when it comes to the statistics behind those needs, Canada still has a long way to go
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This report explores the challenges employers are facing in filling vacancies, the role EU nationals are playing in the workforce, and makes policy recommendations that work across all sectors
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Employers Report the Highest Global Talent Shortage since 2007; explore the roles that are in demand now
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
South Asia region is lacking 96 million of the 100 million trainees currently required to meet the requirements for continued economic growth.
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Survey of recruitment firms to look at how Russian firms perceive the supply of skills in the labour market and how well those skills match to their demand for labour.
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When Blum Inc., an Austrian manufacturer, couldn't find enough skilled workers for its plant in North Carolina, it did what companies in Europe do - it...
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Apprenticeship and youth unemployment: some employers are getting it right! The article raises some interesting points about how committed employers can solve their own “skills shortage” … if they are willing to make the investment.
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Metro Vancouver’s high cost of living, inferior incentives and lack of skilled workers threaten one of B.C.’s high-paying job generators
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Labour shortages risk undermining the recovery of B.C.’s manufacturing sector, which posted the strongest job gains in more than two decades in 2012.
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News and business analysis for Professionals in International Education
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Foreign education providers will be allowed to expand into Malaysia’s vocational education sector, the government has announced, as it aims to increase economic growth by 2020 and alleviate major skills shortages.
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
There's high youth unemployment around the world, despite a multitude of job vacancies.
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Investing in machinery and education is critical. Investing in Canadians' essential skills for living, learning and working is just as important but much less understood
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Work-force shortage is already here, especially in Western Canada. There are three components to the problem of labour shortages. The first two – an aging and shrinking work force, and a knowledge-skills shortage – have been well documented. But the third is a shortage of the essential skills required in any job.
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