Looking for ways to empower local businesses and attract talent to overcome the regional labour shortage

Looking for ways to empower local businesses and attract talent to overcome the regional labour shortage

Challenge open to Teams

Challenge proposed by

Challenge award: $10,000
+ accompaniment from Hydro-Québec experts

Challenge award: $10,000
+ accompaniment from Hydro-Québec experts


This challenge is tied to the United Nations’ Sustainable Development Goals:

Collision Challenge
Challenge proposed by an industry leader organization that wants to encourage the ALPHA and BETA teams to solve a real and pressing issue in the industry. The partner undertakes to follow the winning team of the Challenge for a period of 3 months afterwards the end of the Cooperathon.


This challenge is tied to the United Nations’ Sustainable Development Goals:

Collision Challenge
Challenge proposed by an industry leader organization that wants to encourage the ALPHA and BETA teams to solve a real and pressing issue in the industry. The partner undertakes to follow the winning team of the Challenge for a period of 3 months afterwards the end of the Cooperathon.

Background

The Montérégie is one of Quebec’s most economically vibrant regions. According to its 2020–2023 strategic plan1, employment is expected to climb slightly, while unemployment should continue to decline. What’s more, the Montérégie’s population has been growing since 2001, outpacing the rest of Quebec. It also has the highest positive net migration rate in the province. All of these things are beneficial to the local economy, especially when it comes to talent acquisition, investments and immigration.

Despite this vitality, the Montérégie is experiencing a labour shortage exacerbated by:

  • Increasingly aging population and retirements;
  • A scarcity of local candidates that’s impeding growth in certain otherwise thriving regional industries, such as transportation, metal, electronics, technical textile and food processing;
  • Regional investments fuelling a regional job increase (average annual growth rate of 1.36% in Montérégie vs. 1.12% in Quebec).

These issues are underscored by the fact that regional SMEs:

  • Don’t have enough time to devote to recruitment;
  • Don’t have the internal HR expertise to better address the current labour shortage;
  • Are lacking in workforce forecasting and employee retention strategies;
  • Often don’t have an employer brand;
  • Aren’t aware of financing and support programs for hiring groups underrepresented in the workforce: persons with disabilities, persons with criminal records, immigrants, persons over age 55, etc.

1. Summary of the final report – Planification stratégique 2020–2023, Raymond Chabot Grant Thornton. June 2020. Web https://monteregieeconomique.com/wp-content/uploads/2021/02/Planification-strat%C3%A9gique-document-de-pr%C3%A9sentation_2021-02-23.pdf

Challenge as part of the Cooperathon 2021

Montérégie économique’s goal is to promote and energize regional economy and commerce. To do so, it’s looking for innovative technological and non-technological solutions to empower local businesses and attract talent to counter the worsening labour shortage.

To enter the competition, entrepreneurs must develop a solution that targets at least one of the following:

  • Provide management and HR teams (especially SMEs) with tools to improve their talent acquisition processes, in keeping with best practices;
  • Suggest management approaches to retain talent and build loyalty, in keeping with best practices;
  • Encourage diversity in hiring practices by attracting groups underrepresented in the workforce—such as persons with disabilities, persons with criminal records, immigrants, persons over age 55—who might be able to help overcome the labour shortage.

Data, articles & information

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We connect passion and talent, communities and academics. Together we develop a socially responsible future.

“Cooperathon” is a Trademark of the Fédération des caisses Desjardins du Québec.

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