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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

M
Master’s degree Graduate degree of university education. Typically takes at least one year to complete after the completion of a bachelor’s degree.
Migrants People who move from one place to another within a specified geographic area, such as within a province or country, or to a different country, often to find work or for other economic reasons.
Multi-tracking Two or more work roles, e.g., two part-time jobs, or job plus own business. This way of working can offer multiple income sources and increased flexibility, but also has pressure around leisure time and time management.

N
National Occupational Classification (NOC) A system of classifying and coding all occupations in Canada. The NOC is the basis for the organization of occupations in WorkBC.
New job seekers New workers who are added to the labour market in a region during a certain period. Examples of new job seekers: people who leave the school system and enter the labour market for the first time; migrant workers who move into the region; others looking for work as a result of layoffs elsewhere, cyclical changes in the economy, seasonal changes in labour demand or similar reasons.

O
Occupation A grouping of jobs or types of work that have similar skills and responsibilities. Types of jobs are classified based on the amount of skill or training needed to do them, as well as on the specific characteristics of the job. Examples of occupations: health-care worker, school teacher, electrician, lawyer.
On-the-job training Acquiring knowledge and skills while working, by performing tasks under the supervision of a person who has already acquired the knowledge or skill.
Outsourcing Hiring someone from outside an organization to perform a task for an agreed fee over a set period.

P
Part-time employee A person whose job involves less than 30 hours a week.
Population All the people living in a particular country, region, place or area.
Postgraduate (a) An advanced level of education beyond completion of a bachelor’s degree, such as a master’s or doctorate degree. (b) A person studying at the postgraduate level.
Post-secondary education Further education undertaken after completion of high school.
Post-secondary institution Institution of higher education beyond the high school level, offering degree and certificate programs of study from one to five years in length, as well as postgraduate studies.
Prerequisites The previous education, training, experience, individual abilities, skills or qualifications that a person requires if he or she wants to undertake a particular program of study.
Primary industries Industries that involve the harvesting or extraction of natural resources. Examples of primary industries: fishing, logging, mining, oil and gas extraction, and agriculture.
Private sector The part of the economy that is not under direct government control. In general, private-sector businesses are funded by commercial profit, not by government funding.
Production process The steps involved in creating an industry’s final product. For example, in millworking, to make doors, the production process would include: sawing boards into pieces of wood that have the right dimensions gluing, nailing or screwing the pieces of wood together into a door sanding and painting or varnishing the door shipping it to a building supply firm where it is sold to a customer
Productivity A measure of the overall efficiency of the economy. Productivity can be improved through advances made in technology or through the more efficient use of labour or capital inputs. Labour productivity: The relationship between the amount of goods and services produced and the labour used.
Profession An occupation that requires specialized skills and advanced training.
Professional association An organization that represents members of a professional occupation and that may set educational and training standards and a professional designation.
Projection An anticipation of what would likely occur based on past trends modified to account for possible future changes. A projection should be viewed as one scenario that incorporates certain conditions that may not be the most likely to occur. See Forecast.
Public sector The part of the economy that involves central government. The public sector includes all the people and organizations (e.g., ministries, Crown corporations, health authorities, public schools and universities) that provide public goods and services, from highways and water and sewage facilities to health care and education.

R
Recession A decline in economic growth for at least six consecutive months. A recession is shorter than a depression.
Recruitment The task in a business or industry of posting job vacancies, collecting and screening applications, and arranging interviews. Often includes identifying target groups, such as post-secondary graduates and underrepresented populations (e.g., women), to which the business or industry can market its employment opportunities.
Red Seal The nationally registered trademark symbol of the Interprovincial Standards Program, used to signify interprovincial qualification of tradespersons at the journey level. The symbol is affixed to provincial and territorial Certificates of Apprenticeship and Qualification earned by apprentices and tradespersons who have met the national standard in a Red Seal trade. With the Red Seal qualification, the holder may work anywhere in Canada without having to write further examinations.