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Category Archives: skilled labour shortage

The Effect of Corporate Knowledge Loss

In 2004, a study of 240 organizations was conducted by TalentKeepers, who found that the greatest impact of employee turnover was lost knowledge – not profitability!  Lost knowledge had negatively affected a staggering 78% of the organizations. How does knowledge …

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Tags: knowledge capture, skilled labour shortage, skills development, strategic planning, succession planning, training Tagged , , , , , ,

How to Integrate Newly Immigrated Workers into the Workplace

Allow me to begin this blog with three (what should be) alarming statistics: 1.  In 2010, more than 250,000 immigrants entered Canada,  only 60,000 of which were labour market ready. 2.  By 2016, we will have a deficit of more …

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Tags: educational trends, performance standards, prior learning assessment, skilled labour shortage Tagged , , , , , ,

The Consequences of Having No Succession Plan

More than half of companies today cannot name a successor to their CEO should the need arise.  A study conducted by the Canadian Financial Executives Research Foundation (CFERF) found that, “only 40% of Canadian private companies have a clear business …

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Tags: performance management, skilled labour shortage, strategic planning, succession planning Tagged , , , ,

Knowledge Transfer: Critical Strategy for Public Sector Retirements

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The term “baby boomers” refers to people who were born between the years 1947 and 1966. In Canada, this demographic group makes up an amazing two-thirds of the public sector workforce. A Canadian public sector employee can retire at 55 …

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Tags: knowledge capture, skilled labour shortage, skills development, training, training consultant Tagged , , , ,

Five Great Reasons to Embrace Competency Mapping

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 “If you don’t know where you’re going, any road will get you there.” This is a common misquote from Alice in Wonderland. However, it works when we talk about training. How many times do companies send employees off on courses …

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A Seven Step Succession Planning Template

You can now purchase The Competency Group’s Succession Planning Template: A Step-by-step Guide for Organisations which is a user-friendly workbook designed to guide organizations through the essential process of creating and implementing a succession plan. Our forty-seven page resource provides easy-to-follow instructions for …

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Lost Knowledge, Lost Opportunity

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I was speaking with a business colleague recently who has a large number of retiring business owners seeking his assistance. He specializes in building websites for successful family-run businesses. Many business owners who built their success over many years of …

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Skills Transfer: A Sensible Solution to Labour Shortage

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The Canadian labour shortage in specialized skills has been a pressing concern for some time now. Employers are constantly on the lookout for people with the right skills to fill essential positions in major industries. On the other hand, the …

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Tags: competency mapping, knowledge capture, skilled labour shortage, skills gap, succession planning, training Tagged , , ,

Using Competency Frameworks to Conduct Training Gap Analysis

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I was writing a methodology for a Request for Proposal recently to conduct a training gap analysis for an occupational group. As always, I reflected on my experience conducting similar projects to see what ideas I could come up with. …

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