Canadian job market slowly recovering after big drop
The Canadian engineering sector has always been known for its driven innovation across the country and has been a great contribution to the Canadian economy. Engineers have built a strong reputation of being highly skilled and reliable candidates proven by the work of some of the greatest technological innovations in the past few decades. According to Canadian Engineering labour market report there is an increasing need to replace retiring engineers, which is particularly relevant for Civil Engineers, Mechanical Engineers, Electrical Engineers and Project Managers across the country, especially in Alberta, Toronto, British Colombia, Quebec and Manitoba to list just a few.
According to the Canada Infrastructure report, the construction industry should see signs of recovery from 2016 as the country invest more in Infrastructure projects to stimulate the economy. Following this, the forecast for the construction industry is predicted to signs of improvement and post 2.2% real growth in 2016 and average 2.8% annually over a four-year term from 2016-19.
This year, the Top 100 Infrastructure projects in Canada will be valued at around $161-billion. Here is an insight on some of the biggest Infrastructure projects:
Eglinton Crosstown LRT
The Crosstown is a light rail transit (LRT) line that will run across Eglinton Avenue. Construction is due to be completed by 2021.
Value: $9.1-billion Canadian dollars
Location: British Columbia
Site C project
The Site C Dam is a large-scale earth fill hydroelectric dam on the Peace River in northern-eastern British Columbia, Canada. Expected to be completed in 2024.
Value: $8.755-billion Canadian dollars
Location: British Columbia
Muskrat Falls Project
The Muskrat Falls-Maritime Link Hydroelectric project is damming the Lower Churchill River in Labrador and building a generating plant at Muskrat Falls. Expected to be completed in the mid-2018.
Value: $7.65-billion Canadian dollars
Location: Newfoundland and Labrador
Romaine Complex is a hydroelectric complex being built on the Riviere Romaine. Romaine-2 has been commissioned in 2014; Romaine-1, Romaine-3 and Romaine-4 are expected to be online in 2016, 2017 and 2020
Value: $6.5-billion Canadian dollars
Keeyask Hydro-electrical project
Keeyask Hydroelectric Generating Station is a hydropower project on the lower Nelson River, about 725km north east of Winnipeg, Manitoba and 69 km upstream from Limestone Generating Station. Planned to go into service in 2019, finishing all units by the end of the year 2020.
Value: $6.496-billion Canadian dollars
The Energy sector in Canada on the other hand is less steady due to the drop in crude oil prices which has caused a negative impact on the economy. The energy future for Canada will be determined by energy prices, policies and regulation, market access and economic growth. The oil and gas services sector employs the largest workforce in the industry and has been the most impacted by low oil prices. The conventional exploration and production and oil sands sectors were also unable to hold on to workers, however, the sector is expected to see some job growth between the forecasted period 2017 and 2020 due to renewed industry activity. (Source: http://www.marketwired.com/press-release/labour-market-outlook-2016-to-2020-for-canadas-oil-and-gas-industry-2116906.htm). The Petroleum Labour Market Information (PetroLMI) estimates that the oil and gas industry could hire as many as 55,000 people between 2017 and 2020. Those jobs are projected to become available, again due to industrial activity and aging people leaving the industry.
Furthermore, companies should put themselves in a position to be prepared for the challenge of finding top candidates in the region. That being said, companies are more aware of the fact that it is effective to hire an engineering recruitment agency to supply them with highly qualified candidates for top project commands, especially when there is a skills shortage and they are hard to find. Staffing agencies are specialised in finding and successfully recruiting the best candidate for a role, which can greatly contribute to future economic growth of the country. Companies should consider the hiring of highly qualified engineers from both perspectives, as employees adding an additional value to a company and seeing them as an opportunity to make a difference in infrastructure development on the long term. Read more here on the top 5 major benefits of hiring an engineering staffing agency.
TRS Staffing Solutions can provide a range of recruitment services including direct hire, contract, managed services, talent mapping, search and selection, campaign management and payroll management. We provide a great service for our clients and advice on every step of the hiring cycle. To discuss your recruitment needs or the latest job opportunities in your region, please contact your local office.
Subscribe to our Newsletter for more TRS News.