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Scenario 4.1: Future Healthcare Labour Market Shortages
According to a new Canadian labour market projection report,there are currently labour shortages in a number of occupations,including those in healthcare,particularly doctors and nurses,at both the provincial and national level.These healthcare occupations have employment and wages increasing substantially faster than in other occupations.Unemployment is very low,less than 1% for many healthcare occupations,relative to historical data and to other occupation data.Regional hospitals across Canada have been proactive by implementing strategies and techniques to deal with these shortages.
-Please refer to Scenario 4.1.Which of the following is a result of adequate HR planning?
Regulatory Capture
A form of government failure that occurs when a regulatory agency tasked with acting in the public's interest instead acts in favor of the commercial or special interests of the industry or sector it is charged with regulating.
Global Competitiveness
The ability of a country or company to compete effectively and successfully in international markets.
Consumer Safety
Measures and regulations aimed at preventing harm to consumers and ensuring that the products they use are free from dangerous defects.
Rent Seeking
An economic concept referring to the practice of individuals or firms using their resources to gain government favors or advantages without creating new wealth, often through lobbying or other non-productive means.
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