Labour Shortage: Here to Stay, Worker Scarcity in Canada and What Businesses Can Do to Respond [Business Development Bank of Canada, BDC]

Worker Scarcity in Canada and What Businesses Can Do to Respond

Almost 40% of Canadian entrepreneurs are already having difficulty finding the workers they need. And there’s no relief in sight for at least a decade.

As a result, some companies are unable to fill customer orders or even have to refuse them. Quality is suffering and competitiveness is declining.

BDC surveyed more than 1,200 entrepreneurs about how a worker shortage is impacting their business. We found affected firms are 65% more likely to be low-growth businesses.

In this study, you will learn about the forces causing shortages and the steps businesses are taking to find and retain workers.

Discover:
the hardest hit regions and industries
indirect costs of labour shortages you may not have considered
four strategies you can use to find and keep the best people
inspiring case studies of entrepreneurs who are overcoming a worker shortage