Posted on October 18 2022
Most employers in Canada have maximized immigration to hire workers to avoid revenue losses because of cancelled or delayed contracts.
Nearly two-thirds of the companies are actively recruiting workers via the immigration system to meet their business needs improving the enterprise growth to maximizing the diversity of the workforce.
Every four in five employers are filling up empty positions as they have to address the labor shortages as their first priority.
A survey of 80 major employers about Canada’s immigration and its advantage says that 1.6 million Canadians were hired in 20 industries and made revenues of $1.2 trillion in 2020.
The same report says that 80% of the surveyed companies have difficulty finding skilled workers. There are severe shortages of the workforce in almost every province and territory. The most of shortages are in British Columbia, Ontario, and Quebec.
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|Technical roles||Skilled trades|
The following table shows the percentage of employees on the vacant jobs:
|Percentage of employers||Employers take on to fill vacant jobs|
|67%||Employers facing cancelled or delayed projects|
|30%||Relocating work outside Canada|
|25%||Worrying about losing market share|
Most employers choose immigration as their major strategy to resolve the shortages in the workforce and 65% of the employers hire newcomers to Canada on an annual basis.
A growth of 63% is expected in recruiting the employees by Canadian employees using the immigration system over the next three years. Around 25% of employers expect there might be an increase in workforce shortages.
Employers who have already recruited workers using immigration programs are more satisfied with the employees.
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Most employers have been recruiting foreign students from Canadian post-secondary institutions as well.
Ottawa is planning to increase its immigration targets. The remaining provinces are supporting the current immigration targets as below:
At the present rate of immigration, Canada is expected to have an increase in targets for this year and the next even for 2024 to 4.5 percent for each year.
IRCC reveals that Canada has already welcomed 274,980 new permanent residents by the first seven months of 2022. This means Canada to welcome 471,394 new PRS in 2022 which makes out to be 16.1% more than last year.
Driving the workforce shortage in Canada is called the Great Retirement. This means the exceptional wave of retirements by Baby Boomers or the old aged people from the Canadian workforce.
The working age of people in Canada is 15 – 64. In every 1 in five persons in Canada i.e., almost 21.8% of the population are close to retirement age is between 55-64. This is one of the historical numbers in Canadian censuses.
Employers have been struggling to search for people to fill in the jobs and taking help from retiring employees. Most people have raised their wages as there is a limited supply of workers.
Employers recruit foreign national or international talent through the International Mobility Program (IMP) and Temporary Foreign Worker Program (TFWP). The Global Talent Scheme (GTS) also leads companies to get Canadian work permits and process visa applications in two weeks.
Canadian employers can recruit international talent to fill up the vacant positions using the Express Entry system which is an online application system. Applicants need to apply online.
The applicants who satisfy the eligibility criteria and also have a job offer should submit an online profile called an EOI (Expression of Interest) using federal immigration programs (FSWP and FSTP) or using the participating PNP (Provincial Nominee Program). Then the profile will enter the Express Entry pool.
The applicants’ profiles are ranked based on the points-based system called the CRS (Comprehensive Ranking System). The highest-ranked applicants receive an Invitation to Apply (ITA) for applying to Canada PR.
The person who receives an ITA needs to submit a full application and pay the application processing fees within 90 days.
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Posted On December 08 2023
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