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Career Outlook

National Outlook – 10-Year Projection (2011-2020)

This section provides labour demand and labour supply projections for this occupation over the 2011-2020 period.

Note: The tables, graphs and middle paragraph shown under this section display updated 2011-2020 projection results. The remaining narrative text (2009-2018 projections) will be updated shortly. We apologize for the inconvenience.

The data in the following table are derived from HRSDC's Canadian Occupational Projection System (COPS). COPS uses a variety of models to produce a detailed 10-year labour market projection per broad skill level and per occupation at the national level, which focuses on the trends of labour supply and labour demand over the next ten years.

This occupation Senior Managers – Financial, Communications and Other Business Services is part of a larger occupational group called Legislators and Senior Management (NOC 001).

Occupations in this group

Legislators (0011)
Senior Government Managers and Officials (0012)
Senior Managers – Financial, Communications and Other Business Services (0013)
Senior Managers – Health, Education, Social and Community Services and Membership Organizations (0014)
Senior Managers – Trade, Broadcasting and Other Services, n.e.c. (0015)
Senior Managers – Goods Production, Utilities, Transportation and Construction (0016)
Employment (non-student) in 2010 75,998
Median Age of workers in 2010 49
Average Retirement Age in 2010 61

Occupation Projection for Canada

Over the 2006-2008 period, this occupation experienced a drop in employment; however, its unemployment rate remained stable at a very low level. Moreover, the average hourly wage, which was already quite high, increased at the same rate as the occupational average. According to key labour market indicators, the number of job seekers was sufficient to fill the job openings in this occupation.

Over the 2011-2020 period, an occupation will be in excess demand (a shortage of workers) if the projected job openings (arising from expansion demand and replacement demand) are greater than the projected job seekers (arising from school leavers, immigration and mobility), while an occupation will be in excess supply (a surplus of workers) if the projected job seekers are greater than the projected job openings. For Legislators And Senior Management, over the period of 2011-2020, job openings are expected to total 51,830. It is expected that 44,965 job seekers will be available to fill these job openings.

Based on projections and considering that labour supply and demand in this occupation were balanced, it is expected that the number of job seekers will remain sufficient to fill job openings over the 2009-2018 period. In fact, the annual difference between supply and demand is low, representing only 1.4% of employment in 2008. The majority of job openings will arise from retirements. Given that several years of experience are usually needed to hold a position in this occupation, workers are typically older than the average. This explains why the retirement rate is significantly above the occupational average. A large number of job openings will nevertheless result from expansion demand. Although employment declined over the 1999-2008 period, namely because of the budget deficits recorded by the various levels of government and because of the economic crisis, expansion demand will be strong over the projection period. The economic recovery and the stabilization of public finances in the longer term will enable the creation of new senior management positions in education, health, sales and finance. In terms of supply, given that many years of experience are generally needed to obtain a senior management position, it is not surprising that the majority of job seekers will come from other occupations (mobility). Job seekers will be workers, usually professionals, who have significant experience in public administration, teaching, health, finance or sales. Moreover, a large number of new immigrants will enter this occupation during the projection period. The rest of the positions will be filled by graduates, most of whom have completed a doctoral degree, or by experienced workers who have returned to school to improve their skills, especially by completing management training such as an MBA.

This Chart contains data for Projection of Job Openings vs. Job Seekers for Canada. Information is available in the following tables
Accounting and Payroll Administrator

Category Openings %
Expansion Demand 10,814 22%
Retirements 35,732 65%
Deaths 3,551 7%
Emigration 1,733 6%
Projected Job Openings 51,830 100%
Category Seekers %
School Leavers 4,871 11%
Immigration 7,870 18%
Net Mobility 32,224 72%
Projected Job Seekers 44,965 100%

What proportion of men and women work in this occupation?

The graph displays the proportion of men and women in this occupation in comparison to the Canadian average across all occupations.

According to the Labour Force Survey (2009), women represented 26% of workers in this occupation, compared to the average of 48% for all occupations.

Accounting and Payroll Administrator

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