Canada is poised to become a global leader in workforce automation and AI; a shift that will drastically alter their current workforce as nearly half of Canada’s current jobs could be adjusted or replaced during a transition of this magnitude. While the use of automation has the potential to significantly reduce the number of available jobs for Canadian workers, Canada is also experiencing a workforce reduction of near record numbers. The labor force participation rate is close to a record 10-year low.
These and other market factors may cause a dramatic shift in the way Canadian organizations employ workers. Emerging workforces place a higher value on workplace flexibility, and more employers are receptive to this organizational transformation, which allows for a greater variety of engagement types including part-time, contract, and consultant, remote and project-based jobs.
Where productivity is a high organizational priority, Canada provides a very mature market with a more favorable regulatory environment than most mature global markets. With a future focus on training emerging workers to manage, support and maintain automated processes, Canada soon may be one of the most cost-effective and productive markets in the Americas.