Trend #1

Energy: The pace of change in Canadian and global energy markets, policy, and technology trends suggests that the need for timely analysis is greater than ever.

Human Resource Implication:

In this environment of change, the sector will require leaders who can distill, analyze and interpret meaningful long-term projections in three areas: falling costs of renewables like wind and solar; determining the resilience of oil and gas under challenging market conditions and continuous improvement in energy efficiency that cause energy use and economic growth to decouple. 

Source: https://www.neb-one.gc.ca/nrg/ntgrtd/ftr/2018/2018nrgftr-eng.pdf

Trend #2

Infrastructure: Canada’s infrastructure is about 70% through its useful life and is in need of a significant upgrade; it’s estimated an immediate investment of $250B is required.

Human Resources Implication:

The Canadian construction industry employs 1.2 million people, over 7% of all working Canadians. Larger firms have the advantage here as projects are now “bundled”. Small to medium size firms will have to become more competitive or risk being shut out of large construction projects. Contracts are more onerous and complicated requiring sophisticated negotiation and risk assessment skills. Skilled labour shortages will continue to jeopardize our ability to complete work, increase cost and put additional pressure on hiring more skilled workers.

Source: https://www.trisura.com/wp-content/uploads/2017/06/Trisura-Infrastructure-WP-English-Update.pdf

Trend #3

Resources: New technology, social license and regulation of natural resource development and management is becoming more complicated, creating more work for the private sector to both navigate and comply with regulation.

Human Resource Implication:

There is a growing demand for professionals with certifications and designations; more associations and educational institutions are now increasing their education in areas like Agronomy and Forestry.

Source: https://www.eco.ca/wp-content/uploads/ECO-Canada-Careers-in-Natural-Resource-Management.pdf