In an announcement today, the Government of the Northwest Territories (GNWT) detailed 20-year projections for the Territory's highest-demand occupations.
The Government may use the information from these projections to better understand the future of the labour market and adjust training and education initiatives accordingly. These projections are also meant to help NWT youth and students prepare for the job market of the future by providing information on employment growth and training opportunities. Skills 4 Success (S4S) is a four-year action plan for the Northwest Territories (NWT) that aims to provide inhabitants with the tools they need to succeed in the labour market.
Models of economic growth and industrial development as well as the Gross Domestic Product provide the basis for this projection. Data analysis and the National Occupation Classification (NOC) code, which classifies professions based on skill levels, are used by statisticians and forecasters to predict future employment supply and demand. The NOC code is used by the GNWT to determine the 110 most in-demand occupations in the future and then connects those occupations to their respective profiles in the National Job Bank.
From 2021 to 2040, these are the 20 Management NOC positions expected to be in most demand, together with their expected median annual salaries:
School principals and administrators of elementary and secondary education $150,000
Managers in social, community and correctional services $146,000
Managers in health care $146,000
Legislators $133,000
Senior managers -financial, communications and other business services $133,000
Senior government managers and officials $133,000
Senior managers -health, education, social and community services and membership organizations $133,000
Construction Manager $129,000
Facility operation and maintenance managers $129,000
Senior managers -construction, transportation, production, and utilities $129,000
Other administrative services managers $127,000
Commissioned officers of the Canadian Forces $125,000
Advertising, marketing, and public relations managers $113,000
Human resources managers $102,000
Financial managers $100,000
Retail and wholesale trade managers $75,000
Accommodation service managers $68,500
Restaurant and food service manager $68,500
Managers in agriculture n.a.
Managers in natural resources production and fishing n.a.
Please keep in mind that the data shown here represents median rather than average salaries. The median pay is the midpoint of a salary distribution, whereas the average salary is affected by the extremes. It is believed that outliers have less of an impact on the median salary.
Expected Knowledge and Education Levels:
The projections include five distinct educational and professional levels based on the most recent data from the Labour Market.
College diploma: The forecasts highlight the growing demand for professionals with specialized skills attained through college diploma programs. The GNWT emphasizes the importance of promoting and expanding these programs to meet the specific workforce needs in various sectors.
University: The forecasts underscore the continued need for individuals with university degrees. The GNWT recognizes the importance of supporting and enhancing university education to meet the demands of the evolving job market and to attract and retain skilled professionals in the NWT.
Management: The forecasts address the need for skilled managers and administrators across industries. As the NWT's economy continues to grow, the GNWT emphasizes the importance of developing management programs that foster leadership skills and prepare individuals for leadership roles.
Trades and Occupations: The forecasts identify the ongoing demand for skilled tradespeople and workers in various occupations. The GNWT acknowledges the importance of supporting trades education and apprenticeship programs to address the labor market needs in sectors such as construction, mining, and transportation.
High School and Less than High School Education: The forecasts also recognize the importance of providing job opportunities and training for individuals with high school education or less. The GNWT aims to create pathways and programs that enable these individuals to gain the necessary skills for entry-level positions and career advancement.
Consequences and Advantages:
There are a number of consequences for NWT stakeholders resulting from the publishing of these 20-year forecasts:
Students, job-seekers, and employees may make better judgements about their education and training plans when they have a clear picture of the NWT labour market's projected growth. Individuals might then adjust their professional goals in light of the anticipated needs of the labour market.
The forecast data may be used by businesses, schools, and organizations to better prepare themselves for future employment openings. Because of this, NWT training programmes and workforce development efforts may adapt to the changing demands of the region's businesses. Career cruising can be used in schools, colleges, and career centers to support students in their career exploration and planning journeys to earn more.
The Government of the Northwest Territories' Information and Resource Guide details the many programmes for residents and communities to improve their abilities. The projections offer a foundation for increasing the scope and quality of such initiatives, which aim to fill the forecasted skill shortages and set people up for professional success.
The Government of the Northwest Territories has shown its dedication to meeting the region's changing labour market demands by publishing employment projections for the next two decades. These projections help people plan their education and career in light of realistic expectations for the labour market in the future. They also provide businesses and schools the ability to tailor their efforts to the future needs of the labour market. The Government is taking these preventative steps to help its citizens get access to good jobs so that they may contribute to the region's development and prosperity.
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