Understanding the Talent Gap: Lessons + Opportunities for Canada

Understanding the Talent Gap: Lessons + Opportunities for Canada captures insights from a series of roundtables held with fast-growing tech companies to better understand their talent needs and the barriers they face in attracting and retaining workers.

In a knowledge economy, a talented workforce is the difference between success and failure for a company. In order for training providers to create programs that address the talent needs of companies, they must have clear, real-time understanding of skill demand by employers.

Read this report to help you:

  • Understand the process fast-growing SMEs go through to attract and retain talent
  • Identify the key skill sets and mindsets that innovative companies value most
  • Understand the biggest barriers these companies face in addressing their talent needs
  • Gain a better understanding of what considerations should be taken by policymakers and educators when developing solutions to address the talent gap

There is growing recognition from employers that they need to look to unconventional sources of talent. At the same time, policymakers are considering new approaches to provide continuous learning opportunities for Canadians.

Some key findings include:

  • A growth mindset is the number one thing these fast-growing companies recruit for, yet many had a difficult time articulating what it was or how to evaluate it.
  • Companies are desperate for workers with leadership and management skills who are also digitally literate enough to manage a technical workforce.
  • Post-secondary graduates and co-op students remain one of the primary talent pipelines for companies, along with personal networks and referrals.
  • Most companies recognize that they need to broaden their talent recruitment pool due to competition and are open to recruiting ‘unconventional’ talent, so long as they have the right skills.
  • There is opportunity to tap into the talent of mid-career workers and transition them from declining sectors to growing sectors through novel, industry-led skills development.

For media enquiries, please contact Coralie D’Souza, Director of Communications, Events + Community Relations at the Brookfield Institute for Innovation + Entrepreneurship.

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