HR Microscope – October 2021

October 2021

Canada’s bio-economy facing severe labour shortage

Labour market study underscores gaps exposed by pandemic

Canada’s bio-economy is facing a severe labour shortage, with demand far exceeding supply as soon as 2024 according to a new, unprecedented labour market study released by BioTalent Canada. The national data and analysis suggests the growing bio-economy sector will need as many as 65,000 additional workers by 2029 to meet demand, and current forecasts show the talent pipeline to be three-quarters empty.

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New study will examine the resiliency of Canada’s bio-economy to plan the industry’s future

BioTalent Canada announced the kickoff of a $1.15M research study titled Building Resiliency and Sustainability for the Bio-economy to Withstand Disruption. The project, funded by the Future Skills Centre, which wraps up in September 2022, will leverage lessons learned from the pandemic to ensure long-term sustainability within Canada’s bio-economy.

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An unexpected career path provides a breath of fresh air

Ask yourself this question: did your career journey follow the exact roadmap you’d designed for it? If you said yes, that’s great for you, but it’s not the case for most of us.

University of Toronto student Melissa Renn took part in the Student Work Placement Program (SWPP) when she was looking for an internship to complete her Master’s in Engineering. She had her eyes set on the medical device industry and Picomole piqued her interest.

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Last chance to participate!
Help shape the bio-economy’s talent standards

The future of Canada’s bio-economy rests on its ability to mine its most precious resource: talent. And who understands the industry’s talent needs better than people like you that have seen the inner workings?

So, this is an opportunity to call on that knowledge and experience and take an active role in shaping the future of talent development in Canada’s bio-economy.

The surveys are closing soon. Participate today.



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