This demand and supply outlook gives a detailed view of anticipated employment and hiring needs in Canada’s bio-economy to 2029 along with the expected supply available to bio-economy employers. As part of BioTalent Canada’s 2021 series of labour market intelligence (LMI) reports, it helps provide the perspective bio-economy organizations need to find, recruit, train and retain talented teams based on real, meaningful understanding of the labour market. Its insights are based on surveys, stakeholder roundtables and interviews, an environmental scan and extensive data analysis.
To address the labour needs of the bio-economy to 2029, based on the findings of this LMI study, BioTalent Canada recommends the following:
- Boost work-integrated learning by incorporating it into more programs
- Diversify recruitment and human resources practices to reach a broader and more diverse talent pool
- Create a wage subsidy program for immigrants to reduce the perceived risk of hiring immigrants
- Forge pathways for international students and IEPs to integrate international talent into the labour market
- Support reskilling initiatives to expand the talent pool
- Foster bio-economy mobility to expand the talent pools for companies not located near educational hubs
- Raise awareness of bio-economy career opportunities through greater outreach to students and graduates
The Close-up on the bio-economy LMI series is published as part of BioTalent Canada’s mission to provide bio-economy stakeholders with valuable, evidence-based labour market intelligence and job-ready human resources.
It also includes:
- A National Report
- Regional spotlights (Atlantic Canada, Quebec, Ontario, Prairies, Western Canada)
- Metro hub spotlights (Greater Montreal, Greater Toronto Area, Metro Vancouver)
- Research briefs on topics such as bio-economy education and work-integrated learning
Visit biotalent.ca/LMIStudy to download these and other LMI reports, briefs and articles.Download