The Tech Recruitment World Still Isn't Flat
12 years ago, Thomas Friedman wrote about how technology helped re-shape the business world into a globalized, equal playing field.* “The world is flat”, he said to his wife upon returning home from a trip to Bangalore when all of those realizations came to fruition.
Those very words were the title of his next book, explaining the major forces, or “flatteners”, that led to the “flattening” of the world. The internet, outsourcing and supply chaining were just a few of the flatteners that created the most globalized and level playing field the world had ever seen.
But the tech recruitment industry in Canada still hasn’t caught up.
The Tech Recruitment World Is Still Round
In my previous article, “Recruitment And Immigration Trends in Canada: Is Your Company Prepared?”, I covered recent trends in Canada - a booming tech industry, a continuing increase in immigration, yet no connection between the two.
Despite the experienced foreign talent and flat world we now live in, Canadian companies and recruiters still rely on the same recruitment practices and don’t consider the foreign tech talent that is available. Only 6% of entrepreneurs rely on immigrant workers to fill their needs for skilled employees**, and headhunting efforts within the industry are likely just as low.
Luckily, the Canadian government has recognized that there is a lack of experienced tech talent in the country and has promised to admit nearly 1 million immigrants over the next 3 years (with 60% of those being from the economic class). Not only that, they are making it easier than ever for Canadian companies to hire and bring foreign tech talent into the country.
The Tech Recruitment Flattener - The Global Talent Stream
The main reason companies and recruiters rarely consider hiring foreign talent is simple - the immigration process takes extra time and money. Especially for newer companies that may not exist 6 months down the road, it’s a business reality that they need talent ASAP and can’t afford any extra expenses.
But what if you are a growing company in a competitive market, could hire experienced international tech talent and have them in your Canadian office in a month?
That’s what the Global Talent Stream aims to provide. Launched this past June, the two-year pilot program makes it as quick as ever to bring foreign tech talent into Canada.
The major highlights include:
The Global Talent Stream application (replacing the traditional LMIA) has a service standard of 10 days for 80% of applications
“Streamlined, client focused service” from Employment and Social Development Canada - this means ESDC will work with you, as opposed to a “submit and hope for the best” scenario
If approved, eligibility for 2-week work permit processing
Applications can be submitted online through a data gateway web portal
$1,000 government processing fee per employee
Stay Ahead of the Curve
The business world is as competitive as ever, and so is the tech recruitment industry. By broadening your recruitment efforts and making use of the Global Talent Stream, the world is your oyster in terms of finding top tech talent to give your company the best chance at success.
Because we all know how important good people are to the success of your company.
To learn more or discuss your company’s eligibility for the Global Talent Stream, send me an email at email@example.com and I’d be happy to chat.
*The World Is Flat, Thomas L. Friedman. 2005.
** Page 13 of https://www.bdc.ca/EN/Documents/analysis_research/bdc-study-future-proof-your-business.pdf?utm_campaign=Future-Proof-Business-Study-2017--download--EN&utm_medium=email&utm_source=Eloqua