{"id":54401,"date":"2018-09-13T23:15:31","date_gmt":"2018-09-14T03:15:31","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=54401"},"modified":"2018-09-13T23:39:19","modified_gmt":"2018-09-14T03:39:19","slug":"canada-labour-shortage-driving-smes-to-hire-immigrants","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/canada-labour-shortage-driving-smes-to-hire-immigrants\/","title":{"rendered":"Canada Labour Shortage Driving SMEs To Hire Immigrants"},"content":{"rendered":"

Canadian small and medium businesses are turning to immigrants because Canada\u2019s labour shortage means they cannot find enough new employees to fill vacancies.<\/p>\n

A new report reveals the sharp end of Canada\u2019s shrinking labour market and its direct impact on economic growth.<\/p>\n

The Business Development Canada study reveals SMEs are hiring younger, unqualified workers for more money to try and plug gaps intended for more senior staff.<\/p>\n


\n

How Many Canadian SMEs Are Struggling to Find New Employees?<\/h3>\n

BDC\u2019s report, entitled \u2018Labour Shortage: Worker Scarcity in Canada and What Businesses Can Do to Respond\u2019, found 39 per cent<\/b> of Canadian SMEs have difficulty hiring new staff.<\/p>\n


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It urges firms that have no done so already to consider turning to immigrants to access the skills and experience they need.<\/p>\n

The bottom line is that businesses who cannot hire qualified staff are 65 per cent more likely to be categorized as \u2018low-growth\u2019.<\/p>\n

BDC\u2019s report cites the retirement of the baby boomer generation as the key reason for the labour market shortage.<\/p>\n


\n

Are You A Canadian Start-Up Looking To Scale?<\/h3>\n

We provide Canadian employers with unparalleled immigration legal services and recruitment of foreign nationals through\u00a0skilledworker.com<\/a>, the leader in foreign recruitment. We bring approved candidates to Canada in the shortest time possible. Employers in a wide range of industries can directly benefit from our unique position as one of Canada\u2019s leading online immigration firms in the industry to meet both their recruitment and immigration requirements.<\/p>\n

Interested employers wishing to seek our assistance are invited to contact us\u00a0here<\/a>\u00a0for further information.<\/p>\n


\n

The bank\u2019s projections suggest there is little relief in sight, with shrinkage to continue for \u2018at least the next decade\u2019.<\/p>\n

As a result, current employees are being forced to work more hours, businesses are having to raise wages and improve benefits, while many are reporting growth remains limited.<\/p>\n


\n

What Is The Impact Of Canada\u2019s Labour Shortage?<\/h3>\n

\"WhatSource: BDC<\/p>\n


\n

In certain provinces shortages are even more sharp.<\/p>\n

Some 50 per cent of Atlantic Canada SMEs say they are having trouble finding new staff, compared to 45 per cent in British Columbia and northern Canada and 40 per cent in Ontario.<\/p>\n

Federal and provincial governments are well aware of the problems in Atlantic Canada, introducing the Atlantic Immigration Pilot<\/a> as a way to tackle the acute shortage.<\/p>\n


\n

Which Canadian Provinces Have The Most Acute Labour Shortage?<\/h3>\n

\"WhatSource: BDC<\/p>\n


\n

The program brought in 2,500 new immigrants in 2017, and expected to see similar numbers arrive in 2018.<\/p>\n

Canada\u2019s federal government wants to see the AIP grow to accept 4,000 newcomers per year by 2020.<\/p>\n

Meanwhile, the federal government has also made Canada more attractive destination for the most in-demand skilled workers through the Global Talent Stream<\/a>.<\/p>\n

Under GTS, work permits and Canada visas for sought-after technology occupations are processed in just two weeks.<\/p>\n


\n

Read More<\/b><\/p>\n

How to Buy a Business and Move to Canada<\/a>
\n
How a New Immigrant Investor Program Could Benefit Canada<\/a>
\n
Two New Entrepreneur Immigration Streams For Newfoundland<\/a><\/p>\n


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The stream, which works under the Temporary Foreign Worker Program, has been hailed as a huge success since it was introduced in June 2017.<\/p>\n

BDC\u2019s report suggests growing support for the number of occupations covered under GTS to be expanded.<\/p>\n

In the meantime, existing employees are being forced to make up the gaps by working more hours and under-qualified workers are being hired for senior positions.<\/p>\n


\n

How Are Canada\u2019s SMEs Dealing With Labour Shortages?<\/h3>\n
    \n
  1. Hiring less-qualified workers<\/li>\n
  2. Recruiting younger workers<\/li>\n
  3. Improving compensation<\/li>\n
  4. Increasing hours worked<\/li>\n
  5. Improving efficiency<\/li>\n
  6. Automating processes<\/li>\n<\/ol>\n
    \n

    The report offers advice to businesses on ways to find and keep the staff needed to assist growth.<\/p>\n

    Among them is hiring more immigrants, viewed as a crucial way to tackle Canada\u2019s labour shortages.<\/p>\n

    Other ways include improving efficiency, using more technology and introducing formal human resources policies.<\/p>\n


    \n

    What Should SMEs Do To Tackle Labour Shortages?<\/h3>\n
      \n
    1. Develop an employee value proposition, defining your company\u2019s vision, values and the reasons people are proud to work for you.<\/li>\n
    2. Hire immigrants and workers from other under-used segments.<\/li>\n
    3. Improve operational efficiency, automate processes and use more technology.<\/li>\n
    4. Formalize your HR policies. Businesses with strong HR policies are 66% more likely to be fast growers, according to our study.<\/li>\n<\/ol>\n
      \n","protected":false},"excerpt":{"rendered":"

      Canadian small and medium businesses are turning to immigrants because Canada\u2019s labour shortage means they cannot find enough new employees to fill vacancies. A new report reveals the sharp end of Canada\u2019s shrinking labour market and its direct impact on economic growth. The Business Development Canada study reveals SMEs are hiring younger, unqualified workers for…<\/p>\n","protected":false},"author":2,"featured_media":54405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2018\/09\/canada_27907413.jpg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-e9r","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/54401"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=54401"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/54401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/54405"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=54401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=54401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=54401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}