Help needed: New mandated employer contributions will determine the level of future industry fundingAbstractJob Training & Career Counselling in Canada
Over the past five years, total government assistance for services provided by the Job Training and Career Counselling industry grew, resulting in greater funding for industry operators. The Economic Action Plan and Canada Job Grant of 2014 provided a significant boost to the industry, as it made training programs more affordable, providing businesses and workers greater incentive to seek out training programs. Industry growth is anticipated to slow over the five years to 2022. Although the passage of the Canada Job Fund in 2014 is expected to preserve funding for workforce development services, the new agreement will likely reduce federal funding during the coming five-year period. Since the industry is heavily reliant on government funding, IBISWorld forecasts that industry revenue will grow only marginally.
This industry provides job training and counselling to the unemployed, underemployed and disabled. Companies also provide services to people who are disadvantaged because of a lack of education, skills or experience. This industry includes work experience centres such as sheltered workshops, where mentally or physically disabled individuals gain work experience in a managed environment. The industry does not include vocational training in trade and technical schools.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.