This presentation will discuss education including issues facing the work force as it relates to skills development. The world is change as such skills required by business will continue to expand in areas like advance manufacturing, robotics, expert farming, natural resources management, clean technology, information technology and 3-d printing

1. GOVERNMENT POLICIES – EDUCATION – SKILLS
DEVELOPMENT - CANADA – OCTOBER 2, 2016
BY: PAUL YOUNG, CPA, CGA

2. PAUL YOUNG – BIO
 CPA, CGA
 26+ years of Corporate Finance and Business Solutions
 11+ years of analyzing government policies
 8+ years in academia
 Advance Accounting
 Advance Management Information System
 Public Finance
 Advance Finance
 Audit Risk and Controls

3. AGENDA
 What is Skills GAP?
 Skills GAP and Productivity
 Government Training Programs
 Issues facing Skills Development and Training
 Other resources

4. WHAT IS SKILL GAP?
 The ‘skills gap’ is the phrase used to describe the difference between the skills that employers
want, as shown by their job advertisements, and those that are available from workers looking for
a job.
 Source - http://www.skillsyouneed.com/general/skills-gap.html

5. SKILL GAP AND PRODUCTIVITY
United States:
 Roughly 200 million adults in the U.S. today make up the "digital workforce," where productivity requires skills using a number of digital platforms.
 Amazingly, only one out of ten workers from this group rate themselves as proficient with the digital tools they use, according to video training
company Grovo.
 This skills gap costs the U.S economy a whopping $1.3 trillion every year, and comes at a time when productivity growth is already down over
historical periods. For example, the Wall Street Journal reports that the average U.S. worker's output has risen just 1.3 percent per year during the past
five years, well below the 2.3 percent figure during the 20 years leading up to the economic crisis.
 The infographic below from Grovo outlines the cost of the digital skills gap and which skills are essential for the 21st century workforce.
Canada
 Canadian businesses, particularly small and medium sized ones, are falling behind in adopting new technologies, mainly because they can’t find the
people they would need to implement the changes, the report says. And that could have negative consequences. “If Canada does not address the
talent and skills gap, it could cost the economy billions of dollars in lost productivity, tax revenues, and gross domestic product,” the report states.
 Out of 527,000 students who graduated in Canada in 2015, only 6 per cent — 29,000 — graduated from an IT field, the report found. Canada would
have to graduate around 43,000 IT students per year to keep up with job growth.
Source - http://www.inc.com/graham-winfrey/how-the-digital-skills-gap-is-crippling-productivity.html and http://www.huffingtonpost.ca/2016/03/12/it-
jobs-skills-shortage-canada_n_9440872.html

6. EDUCATION/SKILL TRAINING
 Job Training Programs - http://www.servicecanada.gc.ca/eng/audiences/employers/funding.shtml

7. SKILL GAP ISSUES
 Aligning education with jobs of the future
 Weak partnerships between the Private and Public Sector it comes to supporting skill development
 Expanding university and college spots without tying them to jobs of the future
 Review apprenticeship programs (skill trade) – apprentice ratio
 Eliminate barriers to labour movement
 Creation of more innovation centers (University and College)
 Expanding mentoring programs between the Private Sector and Schools

8. OTHER RESOURCES
 Skills Gap - http://www.thewhig.com/2016/04/05/job-skills-gap-worsening-study-finds
 Slow Economy - http://www.slideshare.net/paulyoungcga/gross-domestic-product-gdp-canada-july-2016
 Wage Growth - http://www.slideshare.net/paulyoungcga/wages-and-employment-canada-july-2016
 Housing Costs - http://www.slideshare.net/paulyoungcga/real-estate-trends-and-analysis-for-canada-
august-2016
 Youth Unemployment - http://debatepost.com/2016/09/14/canada-continues-importing-unskilled-
immigrant-while-unemployment-rate-climbs-to-7/
 Career Management/Innovation - http://www.slideshare.net/paulyoungcga/2016-employment-outlook-
canada
 Government Spending - http://www.slideshare.net/paulyoungcga/government-policies-healthcare-and-
education-canada