Job prospects Compensation Consultant in the Wood Buffalo–Cold Lake Region
Explore current and future job prospects for people working as "Human resources professionals" in the Wood Buffalo–Cold Lake Region or across Canada.
Current and future job prospects
These outlooks were updated on November 29, 2023.
Recent trends from the past 3 years
Over the past few years (2021-2023), there was a major labour shortage for Human resources professionals in the Wood Buffalo–Cold Lake Region. There were far more job openings than workers available to fill them in this occupation.
Source Labour Market Information | Recent Trends Assessment Methodology
Job outlook over the next 3 years
The employment outlook will be good for Human resources professionals (NOC 11200) in the Wood Buffalo - Cold Lake region for the 2023-2025 period.
The following factors contributed to this outlook:
- Employment growth will lead to several new positions.
- A moderate number of positions will become available due to retirements.
- There are a small number of unemployed workers with recent experience in this occupation.
Here are some key facts about Human resources professionals in the Wood Buffalo - Cold Lake region:
- Approximately 260 people worked in this occupation in May 2021.
- Human resources professionals mainly work in the following sectors:
- Oil and gas extraction (NAICS 211, 213): 34%
- Construction (NAICS 23): 10%
- Transportation and warehousing (NAICS 48-49): 9%
- Retail Trade (NAICS 44-45): 9%
- Nursing and residential care facilities and social assistance (NAICS 623-624): 7%
Labour market conditions over the next 10 years
Find out what will be the job prospects for Human resources professionals across Canada over the next 10 years, from 2022 to 2031.
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