Olympic Organizers Could Face Labour Shortage

As far as we can tell, the Vancouver economy is booming. People, on average, are making more money than ever and unemployment are at record lows. Everything seems to be going great, but it turns out that there may be a significant labour shortage for the 2010 Winter Olympic Games. Ironically, this is because most people are employed and most people are being paid reasonably well. They have little reason to abandon their current positions in order to take a post with the Olympic Games and, conversely, they are motivated to leave the Olympic team to seek greener pastures in the private sector.

This is according to a recent audit commissioned by the provincial government. Completed last may, the audit says that "Vancouver 2010 faces difficulties in recruiting or retaining 40 highly workers of its 370 staff."

The market is still very tight, but the committee has managed to reduce employee turnover since the time of the audit. As it stands, there is still a huge demand for employees in information technology, human resources, and financial services. In order to retain their staff, Vancouver 2010 "is spending $33 million on raises and bonuses through to the end of the Games."

Source: gamesbids.com

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Olympic Organizers Could Face Labour Shortage

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