OTTAWA – Human resources challenges continue to threaten the future competitiveness of the Canadian mining industry. A combination of factors including the pending retirement of the baby boom generation, difficulties in attracting and engaging youth and an under-representation of diverse groups paints a challenging 10-year talent forecast. While the industry has taken tremendous strides in addressing these issues, finding experienced and skilled workers is becoming more difficult, and competition across sectors of the economy is increasing, according to a new report released by the Mining Industry Human Resources Council (MiHR).
In the new outlook, employment in the Canadian mining industry is expected to continue to decline over the forecast period, fuelled by continuous gains in labour productivity. However, due to an improved outlook for commodity prices, the decline in employment has slowed over previous years forecasts.
“The key element that has not changed in the ten-year outlook is that the workforce continues to age and half of the mining workforce are eligible to retire by 2021, shown by cumulative hiring requirements of 75,280, 112,020 and 141,540 under contractionary, baseline and expansionary economic scenarios, respectively,” noted Dr. Martha Roberts, director of research at MiHR.
The Canadian Mining Industry Employment and Hiring Forecasts 2011 report, an annual publication, includes adjustments to the MiHR forecasting model, namely updates to the economic variables and the commodity price index. The general improvement in the outlook for the global economy and for commodities has led to hiring projections in the 2011 report which have increased from the already substantial numbers of the 2010 report.
The report may be read in it entirety at www.MiHR.ca or by clicking on this link: Mining Industry Employment and Hiring Forecasts 2011.