How Much Does Current 45 Year Old Need To Retire The Nature of Full Time Work May Be Changing

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The Nature of Full Time Work May Be Changing

The March 2013 Labor Force Survey released by Statistics Canada painted a disappointing picture of full-time employment in March. However, while there was a decline in full-time positions from February, the employment rate is up from the same period last year with 203,000 more jobs, most of them full-time. Part-time and self-employment have continued to grow over the past three decades, and full-time employment has remained relatively flat at 50% of the total labor force.

The challenge of focusing on one month’s employment data means we may be missing the mark on the future of full-time employment. Employment growth should be related to continued growth in new positions, but may not mean full-time jobs with the same employer over an extended period of time. The development of new positions must focus on creating and maintaining employment opportunities that come with a future and the ultimate challenge is to match current and future skills needs with job seekers.

Rick Miner, former president of Seneca College, in his report Jobs of the future: options and opportunities comments that “… the new jobs for which we and our children must prepare will not always be unrecognizable today; many will be modifications and adaptations of jobs that are already being carried out, although often with new titles and new training demands. Some old. jobs will disappear, however, as they have in the past.”

But with the rapid pace of technological advancement, it can become increasingly difficult to develop, hire or prepare for future skills when we may not know what they are. This means employers and employees (current and future) will need the ability to turn trends into real jobs.

Today, workplace factors that affect the nature of work include;

• increased communication in social networks both inside and outside the organization;

• technological advances to support the storage and exchange of information and data;

• Advances in online training to support 24/7 on-the-job skills development;

• Business-oriented online sites to provide more opportunities for employers and recruiters to source a wider variety of potential candidates; and of course,

• aging of the workforce.

These factors suggest that employers and job seekers will need to continue to invest in skills development and training. In 2006, the Canadian Council on Learning found that Canada lagged behind the US and UK in investment in training. 30% of Canadian workers participated in work-related education and training, compared to 35% in the UK and 45% in the US. As a percentage of total payroll, the US spent about fifty percent more than Canada. In 2009, this same city reported that sixty-seven percent of future jobs would require some form of secondary education and skills training. Will entrepreneurs be willing to increase their investment?

Many management positions are held by boomers and their experience must be transferred to the next generation of leaders. This will require a commitment to training and development where mentoring and coaching processes help identify critical skills and create alignment between those skill needs and the individuals identified as future leaders. This could further increase training and development costs, which will affect the growth of full-time positions.

Being employed full-time can end up being employed by more than one employer at the same time, such as a contractor juggling a number of different projects at the same time, or moving from one contract position to another with little, if any , of difference between contracts.

Flexibility and creativity will be required from both employers and employees, as the nature of full-time work may be changing.

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