Have you been hiring? The Next Five Years Will Be Challenging

Filed in archive Human Resources on February 5, 2007

This is an interesting distinction on the 2006 study by the Canadian Federation of Independent Business (CFIB).

A 2006 study conducted by the Canadian Federation of Independent Business revealed that more than half of Canadian owners of small and medium-sized businesses had great concerns about the labour shortage. The survey polled nearly 12,000 businesses from coast to coast.

Nearly two-thirds of firms expected labour shortages over the next five years. Firms with the most dismal expectations were larger firms, and firms who have had to hire employees during the last five years.

These are the firms with the most hiring experience and the greatest human resource needs. Via Chronicle Hearld

This makes sense because if you have been hiring, you will most likely continue to hire. You can see on the chart below that concern over the shortage of qualified workers has been building for a few years.

What are you doing to cope with shortage of qualified workers and how do you see the situation changing over the next five years? Do you agree or disagree with the CFIB's assessment?