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A number of factors could moderate demand for Management Occupations in the next five to 10 years:
Mergers, acquisitions, and corporate downsizing from 2009 to 2018 could moderate
employment growth for Financial Managers. Industry consolidation and restructuring and
improved productivity will moderate future employment growth for Banking, Credit, and other
Investment managers.
Slower growth in manufacturing activities and increases in productivity based on enhanced
computer software will likely moderate demand for Purchasing Managers.
Computerized financial systems and real estate listing services are widespread in the finance,
insurance, and real estate industry. These developments will continue to moderate future
employment growth for insurance, real estate, and financial brokerage managers.
Due to stricter regulatory requirements, the need to contract out certain services and the recent
economic crisis, fewer new positions will be created for managers in financial and business
services.
Telephone and Internet banking has altered how customers receive banking services, often
reducing the need for physical branch outlets. Industry consolidation and restructuring and
improved productivity may further moderate future employment growth for Banking, Credit and
Other Investment Managers.
Employment growth for Manufacturing Managers will be moderated due to an accelerated
decline in manufacturing activity during the recession and over the forecast period due to the
adoption of computerized scheduling and planning software and productivity gains on the
production line.
Administrative functions in middle management of larger companies have been affected by
downsizing, outsourcing, and streamlining of business services. Technological change and the
increased use of specialized computer systems have moderated demand for Administrative
Officers. Demand is strongest for administrative officers with knowledge in computer software
applications.
Occupational Projections
National
COPS projects that from 2009 to 2018, demand in Canada for eight of the nine categories of
management occupations will be met by the available supply of workers, with most job openings
created by retirements. Recovery from economic recession will be a source of new job openings for
management positions between 2009 and 2018.
While labour supply will be matched fairly well to labour demand for many of managerial occupations,
demand will be higher than average in some occupations due to higher than average rates of
retirement. In particular, job openings for human resources and business services professionals (NOC
112), administrative and regulatory occupations (NOC 122), and senior managers (NOC 001) will be
LKSB Degree Program Feasibility Study • 2011
202