Explore Careers - Job Market Report
Supervisors in this unit group supervise and co-ordinate the activities of workers in the following unit groups: <i>Accounting and Related Clerks</i> (1431), <i>Payroll Clerks</i> (1432), <i>Customer Service Representatives – Financial Services</i> (1433), <i>Banking, Insurance and Other Financial Clerks</i> (1434) and <i>Collectors</i> (1435). They are employed by banks and other financial institutions, insurance companies, and by other establishments throughout the private and public sectors.
accounts payable supervisor, accounts receivable supervisor, bank clerks supervisor, billing supervisor, bookkeeping supervisor, collection supervisor, credit supervisor, payroll supervisor, savings supervisor, supervisor of accounting, supervisor, claims adjusters, supervisor, customer service representatives.
- Implement efficient working processes and co-ordinate, assign and review the work of clerks engaged in the following duties: administering accounts payable and receivable; processing, verifying and recording financial documents and forms; administering payrolls; serving customers in banks, trust companies and other financial institutions; processing, verifying and recording insurance claims and forms; and collecting user fees and payments on overdue accounts
- Examine and verify accuracy of work and authorize routine payments, credits, deposits and withdrawals
- Establish work schedules and procedures and co-ordinate activities with other work units or departments
- Resolve work-related problems and prepare and submit progress and other reports
- Identify training needs and train workers in job duties and company policies
- Requisition supplies and materials
- Ensure smooth operation of computer systems and equipment and arrange for maintenance and repair work
- May perform the same duties as workers supervised.
Outlook & Prospects for Supervisors, Finance and Insurance Clerks in Notre Dame-Central-Bonavista Bay Region
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
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 (Supervisors, Finance and Insurance Clerks) is part of a larger occupational group called Clerical Supervisors (NOC 121).
|Occupations in this group||
Supervisors, General Office and Administrative Support Clerks (1211)
Supervisors, Finance and Insurance Clerks (1212)
Supervisors, Library, Correspondence and Related Information Clerks (1213)
Supervisors, Mail and Message Distribution Occupations (1214)
Supervisors, Recording, Distributing and Scheduling Occupations (1215)
|Employment (non-student) in 2010||157,980|
|Median Age of workers in 2010||42|
|Average Retirement Age in 2010||62|
Occupation Projection for Canada
Over the 2008-2010 period, this occupation experienced strong growth in employment and the unemployment rate remained virtually unchanged. The average hourly wage increased at the same rate as the average for all occupations. According to key labour market indicators, the number of job seekers was sufficient to fill all job openings.
Over the 2011-2020 period, an occupation will be in excess demand (a shortage of workers) if the projected number of job openings is significantly greater than the projected number of job seekers. An occupation will be in excess supply (a surplus of workers) if the projected number of job openings is smaller than the projected number of job seekers. For Clerical Supervisors, over the 2011-2020 period, job openings (arising from expansion demand and replacement demand) are expected to total 65,595 and 69,101 job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill the job openings.
Based on projections and considering that labour supply and demand in this occupation were balanced over the 2008-2010 period, it is expected that the number of job seekers will continue to be sufficient to fill the job openings in this occupation over the 2011-2020 period. Retirements will account for the majority of these job openings. The retirement rate in this occupation will be similar to the rate for all occupations. This retirement rate is attributable to the fact that workers in this occupation are on average slightly older than those in other occupations and retire somewhat later. The number of new jobs created (expansion demand) will also be similar to the average, but employment growth will not be nearly as high as experienced in the previous 10 years. This weak employment growth is mainly attributable to weaker economic activity in recent years, particularly in the manufacturing sector and in public administration, which will lead to a decreased demand for administrative workers and, consequently, for clerical supervisors. Lower demand for workers will lead to a decrease in the number of job seekers during the 2011-2020 period. More limited job creation during these years will result in a sharp decline in mobility to this occupation. Thus, while most job seekers during the 2001-2010 period came from other occupations, school leavers will be the main source of job seekers during the projection period.
This Chart contains data for Projection of Job Openings vs. Job Seekers for Canada. Information is available in the following tables.
|Other Replacement Demand||4,301||7%|
|Projected Job Openings||65,595||100%|
|Projected Job Seekers||69,101||100%|
In which industry or sector do people in this occupation find jobs in Canada?
This table shows the industry and sectors employing the highest number of people in this occupation.
|Industry / Sector||%|
|Finance and insurance||53.40|
|Professional, scientific and technical services||5.40|
|Administrative and support, waste management and remediation services||5.20|
What percentage of people in this occupation are self-employed?
The graph displays the percentage of people in this occupation who are “self-employed”, according to the 2006 Census, in comparison to the Canadian average across all occupations.
As shown in the graph, according to the 2006 Census, 1% of people in this occupation were self-employed, while the average for all occupations was 12%.
The data from the Labour Force Survey (2009) regarding self-employment for this group are not sufficiently reliable to be published.
What is the proportion of women working 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 74% of workers in this occupation, compared to the average of 48% for all occupations.
What percentage of people in this occupation are members of a union?
This occupation (Supervisors, Finance and Insurance Clerks) is part of a larger group called Clerical Supervisors (NOC 121). According to the Labour Force Survey (2009), the unionization rate for this group was 24%, while the unionization rate for all occupations was 31%.
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