Are you launching a business, aiming to expand or looking for ways to attract skilled workers? Labour market information (LMI) can help you with many of the building blocks you need to develop and grow your business.
As the economy and labour market continues to evolve, incorporating LMI into your regular planning activities will allow you to more quickly take advantage of changing opportunities.
Understand trends in the economy and your industry. Develop a clear picture of the market and the competition you face. Use information about your region and community – or about the global marketplace – to win both customers and workers.
Whether the economy shrinks or expands, most employers will face a hiring crunch at one time or another. You can use LMI to understand how much of a challenge it will be to find workers and where you’ll have to look to recruit them. It can also help you write clear job descriptions and set wage rates that will attract and retain quality employees.
LMI plays a major role in helping you grow your workforce, as you identify skill needs, plan staff development and find training programs.
LMI can also help you identify potential partnerships and funding sources to advance your business. Do you want to expand and find new markets? You’ll find a wealth of information that will point you in the right direction.
You’ll find an abundance of useful LMI in this section of WorkBC. If you’d like to delve deeper into topics such as the economy, labour market trends, projections and other statistics, visit the Labour Market Statistics section for more information.
