About the Index
There are seven components that contribute to the Index score for each country, which focusing on a different aspect of how easy or difficult it will be for employers to recruit skilled labour. The indicators range from Education Flexibility, to Labour Market Flexibility, Talent Mismatch to Wage Pressures in high-skill industries and occupations. The Index ranges from 0 to 10.0 where a score of 5.0 indicates a generally balanced picture for labour markets.
How does Canada rank?
In 2016 (fifth edition) the overall Index score for Canada declined, suggesting the labour market is experiencing less pressure. This reflected lower wage pressures, with declines recorded in both overall and occupational wage pressure. The Bank of Canada’s Business Outlook Survey shows the incidence of labour shortages remains low.
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