Workforce
“Establishing our factory in Grand Bank has proven to be one of the best business decisions we have made. Manufacturing an innovative product to an ever improving standard requires long term employees who are committed to develop their craft. In Grand Bank, we enjoy very low staff turnover, a high degree of commitment and loyalty blended with an appreciation for our customer’s requirements.”
– Harold Warner, President, Dynamic Air Shelters
Population Statistics*
Total Population: 2,580
Total Population Aged 15-64: 1,740
Median age of the population: 48.7
Education*
High School or Equivalent: 470
Apprenticeship or Trades Certificate of Diploma: 255
College, CEGEP, or other non-university certificate or diploma: 290
University Certificate or Diploma (below Bachelor level): 20
University certificate, diploma, or degree: 130
Labour Force Statistics*
In the labour force: 1,185
Employed: 905
Unemployed: 275
Total Experienced Labour Force 15 years and over: 1,135
Agriculture / Resource Based Industries: 180
Construction / Manufacturing: 265
Wholesale / Retail: 200
Finance and Real Estate: 35
Healthcare / Social Services: 180
Education: 45
Business Services: 100
Other: 130
*Statistics Canada. 2007. Grand Bank, Newfoundland and Labrador. 2006 Community Profiles. 2006 Census.
Statistics Canada Catalogue no. 92-591-XWE. Ottawa. Released March 13, 2007.
http://www12.statcan.ca/census-recensement/2006/dp-pd/prof/92-591/index.cfm?Lang=E
(accessed April 7, 2009)
Labour Cost
The minimum wage for Newfoundland and Labrador is $8.50 CND ($6.88 US) per hour. This is set by the Government of Newfoundland and Labrador, and is on track to increase to $10.00 per hour in 2010 (July 2009 - $9.00; January 2010 - $9.50; July 2010 - $10.00). The average wage paid by employers in the community ranges between $9.00 ($7.28 USD) - $15.00 ($12.13 USD) per hour.
Employee Turnover Rate
Based on interviews with local employers, the turnover rate for employees is almost non-existent.