CURRENT LANDSCAPE

2,400 ICT professionals are employed in Prince Edward Island in early 2015. Of them, 200 are youth aged 25 or younger, 1,100 are nearing retirement, 600 are women, and 190 are immigrants. In addition, 1,680 work in Charlottetown and another 720 work in the rest of the province in areas such as Summerside. Industries outside the ICT sector are major users of ICT products and services. The demand for top ICT talent continues to grow and has resulted in expanding career options for ICT professionals, placing competitive pressure on the employers seeking technical ICT talent. Among employed ICT professionals, 1,100 work in the ICT sector, while 1,300 work in other sectors (e.g. administration, health).

As the current ICT workforce ages, not many youth are opting for ICT careers, leaving a void that could potentially limit Prince Edward Island’s future competitiveness before long. Significantly fewer youth work in ICT professions than in other jobs. In contrast, ICT professions have a greater proportion of workers in the older age groups compared to the total provincial workforce.

ICT Employment

fig11

Source: ICTC; Statistics Canada

 

FUTURE OUTLOOK

Under three economic scenarios over a 5-year horizon, a combination of employment growth and replacement requirements produces estimates of cumulative hiring requirements. It is projected that the availability of homegrown ICT talent will not be sufficient to meet these hiring requirements. Under a baseline scenario, the combination of employment growth and replacement demand due to retirements and other exits could result in needing to fill 1,500 ICT positions over the next five years. By 2019, cumulative hiring requirements for ICT talent are expected to be over 900 in Charlottetown and 500 in rest of Prince Edward Island.

Projected hiring requirements to 2019 by municipality

  Employment in 2015 Cumulative hiring requirements to 2019
Charlottetown 1,680 981
Prince Edward Island – other 720 545
Total 2,400 1,526
Source: ICTC, 2015

 

Under a contractionary scenario, hiring requirements are projected to decline to 800 compared to the baseline scenario hiring requirements of 1,500. Alternatively, in an expansionary scenario, Prince Edward Island employers will need to hire 1,600 ICT professionals. This outlook underscores the significance of accessing all available talent to address the demand-supply imbalance in ICT professions.

Projected hiring requirements to 2019 by scenario

Scenario Cumulative hiring requirements to 2019
Contractionary 887
Baseline 1,526
Expansionary 1,617
Source: ICTC, 2015

 

Demand-supply imbalances will affect some ICT occupations more than others. As a result of employment growth – combined with replacement demand due to skills mismatch, retirements, and other exits – Prince Edward Island would need to fill the following ICT positions:

  • 210 computer programmers and interactive media developers
  • 140 information systems analysts and consultants
  • 120 graphic designers and illustrators
  • 110 web designers and developers
  • 110 computer and network operators and web technicians