Comprehensive Labour Market Information Helps with HR Planning
Employers, educators and other stakeholders in the advanced wood manufacturing industry now have a valuable tool in the form of the WMC’s Labour Market Information (LMI) study. It provides credible research on many aspects of our sector’s labour-related issues including sector demographics, HR issues and challenges, skills gaps, employment forecasts and more. These studies enable a deeper understanding of the current and future outlook of our industry and identify areas where we can improve our human resources strategies to promote the healthy growth of the industry. Our most recent LMI report (June 2016), identifies our industry’s most pressing HR challenges and provides strategic suggestions that can be incorporated into Human Resource programs such as pay and benefit structures to name just two, to ensure sustained development of the sector. It provides details on:
- Major needs and issues facing the sector
- Economic factors that shape skills plus labour supply and demand
- Effects of skills and labour shortages
- Occupations and skills that businesses need to meet their workforce needs
- Recommended strategies to develop and sustain a strong and successful workforce
Thorough Research for a Richer Understanding of Key Industry Issues
In addition to being used by companies operating in our industry, the LMI studies have also been
used by governments, policy makers, associations, manufacturers and post-secondary institutions to justify equipment retention or purchases, expand outreach and consulting services and to support their proposal writing, business cases and fundraising activities for important initiatives.
