May 22, 2018 – Attracting, hiring and retaining the right talent is imperative to the growth of technology firms in Canada. For years, Canadian technology companies have struggled to attract the right candidates to fill vacancies that would ultimately help them expand and grow. Not only does Canada need engineering graduates, but also experienced individuals with senior-level experience at renowned tech firms, especially those that have helped to grow businesses internationally. Overall, vacancies are outnumbering candidates and needs are not being met.
Unfortunately, the U.S. has historically attracted the right candidates in larger numbers due to a more established technology sector. At the same time, an increasing number of large foreign companies are entering Canada, making it even harder other for Canadian firms to attract talent. There are too many jobs and not enough candidates. In order to attract the right talent, Canada has to look outward and beyond the current Canadian technology ecosystem.
This is why, in 2017 the Global Talent Stream was introduced by the federal government. The main aim of the program was to boost the skilled talent pool in Canada. The program was introduced with an initial 2-year timeline, during which time high growth firms can gain access to highly sought after skilled foreign workers.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer