BCBusiness

July 2018 The Top 100

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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SOURCE: DESTINATION BC, VALUE Of TOURISm 2005-2015 jULY/AUGUST 2018 BCBusiness 101 Tourism Human Resource Council (CTHRC) estimates that the gap between labour supply and demand could be 228,479 jobs by 2030. A 2016 economic impact study on B.C.'s tourism labour shortage commissioned by go2HR found that the thirst for workers began outstripping supply in 2013…14. "It's really when the economy started taking oˆ again," Christine Willow explains. "My personal view is when you get to 4- or 5-percent unemployment, you're at pretty well full employment, and so competi- tion gets much stiˆer." The report, prepared by Grant Thornton LLP in Vancouver and Econometric Research Ltd., based in Hamilton, Ontario, reveals how labour constraints are aˆecting tourism operations. Just over 50 percent of the employers surveyed said they couldn't hire all the people they needed to function at full capacity and/or expand their business in 2014. As a result, roughly half lost revenue and more than 11 percent consid- ered closing shop. The most commonly cited implications of the inability to hire enough employees were: Most of the unœlled positions were lower-skilled (56.6 percent), with 30.7 percent higher-skilled and 12.6 percent management. Although tourism includes senior positions right up to the CEO level, the industry competes with construction, IT and other sectors for the young workers who traditionally œll entry-level jobs, notes Chemistry Consulting's Willow. And demand for workers isn't limited to B.C. Also looking for tourism employees are Australia, Belgium, Switzerland and the U.S., "countries that you wouldn't even think would possibly have that shortage," Willow says. "So competition is œerce, I would say, worldwide for hospitality and culinary staˆ."–F.S. 1.5% Cariboo Chilcotin Coast 63.2% Vancouver, Coast and Mountains 16.1% Vancouver Island 11.1% Thompson Okanagan 5.1% Northern B.C. 3.1% Kootenay Rockies $4.7 billion Total wages and salaries in 2016 $4.5 billion Total wages and salaries in 2015 $35,000 Average compensation in 2015 and 2016 SOURCE: DESTINATION BC, VALUE Of TOURISm IN 2015 AND 2016 • Staff burnout: 71.4% • Hired underqualified staff: 70.5% • Reduced customer services: 54.6% • Missed business opportunities: 47.8% • Increased business costs: 42.2% • Additional overtime: 35.7%

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