Published on : December 22, 2020
Tech talent is more in demand in Canada now than before. They are up for grabs as more companies are trying to attract global talent to move north.
The Covid-19 pandemic has badly affected the Canadian economy. It has affected almost three million jobs in the process, including the information and technology sector.
According to a report published by Innovation Economy Council in December 2020, Canada holds its own in the global race for innovation talent.
The IT sector also took a hit when Canada went into lockdown. But STEM jobs have spectacularly recovered, unlike other sectors. There are more tech jobs now in Canada than they were before the pandemic.
STEM-related jobs across Canada now are over 8.7% than they were in February 2020. These include engineers, programmers and other tech workers.
Tech jobs mainly were resilient through the pandemic. It was because the industry was ready to transition online and allow the employees to work remotely.
Several foreign companies are also seeking Canadian talent as employees can practically work from anywhere in the world. Even Google and Facebook have opened up in Canada in the last five years.
Toronto is now touted as the new Silicon Valley. Gatik opened up a research hub here early last year, tapping into Waterloo’s and the University of Toronto’s’ local talent.
Richard Steiner, head of policy and communications at Gatik, says, “There is no better place than Toronto, as far as we’re concerned.” Canada continues to seek a reputation as the new tech hub.
Some of the brightest minds in Canada are now planning to move south despite the abundance of jobs in their land. The promise of high salaries in the United States is attracting them.
A recent study has shown that a quarter of STEM graduates from top universities are working abroad. Canada is the third claimant of H1B visas to the US after India and China.
Many tech companies in Canada have responded to the emerging situation. They are also trying to lure US-based tech workers worried about their immigration status to relocate to Canada.
Known as GTS, in short, the Global Talent Stream is a fast-track federal immigration program. It helps Canadian employers attract and retain highly skilled temporary workers.
However, under the GTS scheme, employers need to obtain an LMIA (Labour Market Impact Assessment) report. It is to prove that all possibilities of hiring local talent are exhausted. This procedure takes two weeks to complete.
Foreign nationals can apply to come to Canada through the GTS program. The application procedure also takes two weeks to complete.
It means that in just four weeks, you can come to Canada through the GTS scheme.
Canada has proved to be a magnet attracting tens of thousands of skilled foreign workers and STEM students.
Canada is all set to welcome over 400,000 new permanent residents from 2021 to 2023 since the country is dependent on new immigrants to revive the economy.
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