Career Edge Blog

Vital Signs Weak for Youth Employment

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“The future economic prosperity is in the hands of this generation,” according to Sonja Stockton, head of recruitment for PricewaterhouseCoopers.

In an interview on their website, Stockton was addressing the global issue of rising youth unemployment.

A report released earlier this month by Community Foundations of Canada found that youth employment was declining faster than any other demographic.

Canada’s Vital Signs 2009 reports that the unemployment rate is 16.3 per cent for youth, around double the unemployment rate for the general population.

It’s no wonder Millennials have been dubbed “Generation Y Me?”

Stockton went on to say:

“It will not be a quick fix, but if we get it right, we could have a generation that has learned some of the hardest business lessons, quicker and more effectively than many of the generations in full time employment.”

Many of the perceptions about this generation of youth are false stereotypes perpetuated by studies that look at Gen Y as a homogenous group, not taking cultural diversity into account. Older studies on Gen Y may be obsolete now anyway, as the recession and current youth unemployment rates have a significant impact on attitudes and values about working in Canada.

In our upcoming posts, we will be using the blog to share insights about Generation Y from our recent study conducted with Porter Novelli and Angus Reid Strategies (click here to read the press release), so stay tuned!

An open door policy

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Communicating with our stakeholders is not a new concept to us. We have an e-newsletter that is circulated to more than 25,000 subscribers and are frequent participants in employment-related workshops, conferences and other events.

The tools through which we communicate are changing, and Career Edge Organization has embraced this by embarking in new social media. This blog, our LinkedIn groups and our twitter account are just a few examples of how we are strategically leveraging social media to better communicate with you.

We observe the Canadian employment landscape from the perspectives of all our partners and stakeholders, including employers, government, agencies, thought leaders and job-seekers – in turn providing us with spectacular insights. We have our fingers on the pulse of what’s happening in Canada’s economic and labour market environments. Our staff is led by a management team of accomplished executives with a passion for progress and openness to change. We have also invited leaders and experts from the field to contribute from time to time. So while I will be the primary administrator of this blog, know that the viewpoints expressed here come from an excellent vantage point.

We decided to call this “The C.E.O. Blog” for a number of reasons, the obvious one being that the letters CEO are an acronym for Career Edge Organization. We recognize however that those letters represent much more to many people.
They represent thought leadership, knowledge and accountability – virtues we hope to convey through our communications here. The Chief Executive Officer or CEO is also one of the highest-ranking positions a person can aspire to in their career, and we like to think that the careers we launch here belong to the future leaders of tomorrow. Finally, C-level executives are ultimately the decision-makers who champion innovative and progressive hiring practices. They represent employers like you whose partnership over the years is the reason Career Edge Organization has been a true Canadian success story.

As we have developed strong relationships with major Canadian employers, post-secondary institutions and employment agencies, we are always kept in the loop regarding business, HR and employment-related events, studies and news. The great thing about having a blog is not only do we now have a forum where we can share this valuable knowledge with you; we have also created a community where you can share with us and join the conversation.

Welcome to The C.E.O. blog! Questions? Comments? Our door is always open.

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