Canada Needs
Tech Talent
Latest Canada Immigration news.
The Canadian Government highlights that There are more tech jobs up for grabs
now than there were before the coronavirus outbreak. Here is the report by
which you can refer to understand this report covered by OM INTERNATIONAL.
According
to Government of Canada is losing tech talent and consequently, Canadian
companies are trying to attract foreign talent to move north. This is according
to a report by Innovation Economy Council entitled Magnetic North: How Canada
Holds its Own in the Global Race for Innovation Talent.
The COVID-19
pandemic has negatively impacted the Canadian economy, affecting three million
jobs in the process. Occupations in the information and technology sector also
took a hit when Canada went into lockdown to curb the spread of the virus.
However, unlike other occupations, STEM jobs have recovered spectacularly.
In fact,
STEM jobs are even more abundant than they were before the COVID-19 pandemic. STEM-related
employment across the country was 8.7 per cent higher in October than in
February. Examples of these jobs include programmers, engineers, and other tech
workers. One possible explanation for why tech jobs in particular were
resilient through the pandemic may come down to the industry's readiness to
transition online, allowing employees to work remotely.
Foreign
companies are also tapping into the talent available in Canada. Since tech
companies are realizing that employees can work from practically anywhere, many
are creating opportunities for Canadians. This may explain why tech giants such
as Google and Facebook have opened shop in Canada over the last five years.
OM
International a
Vadodara based Visa Consultancy Services provider highlights that Canada
continues to build its reputation as a tech hub. For example, the software
company Gatik opened a research hub in Toronto, early last year, to attract the
local talent available from Waterloo and the University of Toronto. “Toronto
has been touted as a new Silicon Valley.
There is no better place than Toronto, as far as we're concerned"
says Richard Steiner, head of policy and communications at Gatik.
Canada's
loss is also Canada's gain
Despite the
abundance of jobs in the tech sector, Canada's brightest minds are looking to
move south with the promise of higher salaries in the U.S. A recent study by
researchers at the University of Toronto and Brock University found that a quarter
of STEM graduates from top Canadian universities are now working abroad.
Canada is
third after India and China in receiving HI-B visas to the U.S. These visas are
typically used to hire talented individuals from abroad. The future of the HI-B
program, however, is unclear. This is because U.S. president Donald Trump
suspended the program earlier in the year, citing the pandemic as the main reason.
Many Canadian tech companies are capitalizing on this by attempting to lure
U.S. based tech workers, who are worried about their immigration status, to
come to Canada. An example of this is the Communitech billboard campaign in
Silicon Valley, California.
Since many Canadian
tech graduates choose to move abroad, Canadian companies are looking
for new immigrants to fill job vacancies. Canada has become somewhat of a
magnet, attracting tens of thousands of highly skilled foreign workers and STEM
students to come to Canada.
Canada has
also recently announced that it will welcome upwards of 400,000 new permanent
residents every year between 2021 and 2023. This is consistent with the premise
that Canada is dependent on new immigrants to help the economy recover.
The Global Talent
Stream
The Global
Talent Stream (GTS) is a fast-track federal immigration program that helps employers
attract and retain highly skilled temporary foreign workers. Under the GTS, employers
need to obtain a Labour Market Impact Assessment (LMIA). This is to prove that
they have exhausted all possibilities to hire from the local talent pool. This
process takes two weeks. Once this process is over, foreign nationals can then
apply to come to Canada through the GTS. Canada processes these applications in
just two weeks. This means that it can take just four weeks for a foreign
national to come to Canada through this program.
TO BE SUMMERIZED:
-
- Due
to this global pandemic, there is a sudden increase of manpower requirement in technical
sector.
- This
sudden increase in requirement has led to much work force for Many multinational
companies and tech firms existing globally.
- Canada
is currently dealing with the same situation of increase in technical work force.
- The companies currently are looking for
recruits and people with appropriate technical skills .
- This
opening is a great opening for expanding your reach in a different nation and
can also showcase and represent your skills globally.
OM International is a Vadodara
based Visa consultancy and service provider. The Company has a
Multi- Nation and Global reach to more than 25+ countries in the world. It
builds a chain and network of communication for easy approach to all the
process through transparent and easy approach.
CEO - OM
Group of Companies
VISHAL SHAH
OM
INTERNATIONAL
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