Canada’s approach to training and development needs reform. Billions of dollars are spent annually on job training and skills development, with limited evidence of lasting benefits. Most problematic, employers’ talent needs (i.e., actual skills demand) are not formally embedded in the process of determining how or where money is spent, leaving a fundamental disconnect between demand for skills and the investments being made by governments.
“The cost of our system’s supply-demand mismatch is substantial. Provinces are requiring an increasing amount of funding for social assistance programs. These program expenditures are growing at two or three times the rate of economic growth in many provinces. More efficient and demand-driven employment services could lower this return rate and generate significant tax savings for government.”
Share with a friend
Related reading
Now #hiring: Executive Assistant to the CEO
Social Capital Partners is seeking a highly organized and proactive Executive Assistant (EA) to the CEO who thrives in a fast-paced, mission-oriented environment. While this is a true EA position focused on keeping the CEO and team operating at a high level, it is also a unique opportunity to engage in a wide range of stimulating policy and strategy conversations, including the chance to conduct research, contribute to policy initiatives and engage with influential leaders in the field.
Sellers’ inflation is back on the horizon. We can stop it before working people pay the price.
Trade-war chaos and confusion are creating a perfect storm for sellers' inflation—when companies with market control choose to hike prices to gouge consumers and grow their profits when they have the chance. As SCP Fellow Kaylie Tiessen writes, this profit-led inflation often hides behind other drivers and can blindside us if we’re not watching closely. There are good reasons to accept some tariff-related price increases—elbows up, right? But she outlines three ways we can stop opportunistic sellers from using this trade chaos to mask their profiteering. We can stop powerful companies from exploiting confusion and weak oversight so working people don't pay the price while profits soar.
New Canadian Tax Observatory seeks visionary founding CEO
Social Capital Partners and other funders announce a new, non-partisan, nonprofit Canadian organization to lead an informed national conversation on the links between taxation, economic fairness and a thriving democracy. The Canadian Tax Observatory is seeking a visionary leader who can shape and grow a permanent, influential Canadian institution connected to global networks identifying better, more effective ways to achieve tax fairness.