OTTAWA — TD Bank has joined a growing chorus warning about economic disruptions if Canada does not move to deal with its aging workforce.
The bank says seven million baby boomers are set to retire in the next two decades, more than one-third Canada's labour force.
The report written by economists Don Drummond and Francis Fong says pension reform is needed to prevent many retirees from falling into poverty.
And it says Canadian employers will be hard-pressed to find skilled workers as the labour force shrinks.
Immigration alone won't solve the problem, the economists say.
The report notes the C.D. Howe Institute recently calculated immigration levels would need to rise 2.5 times to meet the country's historic labour force growth.
But the bank says there are ways to mitigate the apparent labour crunch many are forecasting.
Those include making better use of underrepresented groups, such as women, Aboriginals and immigrants.
As well, the report says firms must increase incentives to keep older workers in the workforce.
Copyright © 2010 The Canadian Press. All rights reserved.
Guelph fast becoming part of the global village
Joanne Shuttleworth
jshuttleworth@guelphmercury.com
GUELPH — Businesses should embrace the wave of immigrants coming to Guelph since they add richness to the community and profitability — both as employees and as consumers — to their bottom lines.
And if they build a sense of community within their organizations, businesses can help immigrants settle into their new surroundings as well.
That was the gist of Roya Rabbani’s presentation Wednesday to business leaders at a lunch and learn event hosted by the Guelph Chamber of Commerce.
Rabbani, executive director of Immigrant Services Guelph-Wellington, said Guelph is becoming a destination for new immigrants to Canada. She said according to 2008/2009 data, approximately 477 new immigrants come to Guelph each year to the point where immigrants make up 14 per cent of the population.
“So we have to look at work environments and agencies to see how well (immigrants) are represented in the workplace,” she said. “Many workplaces don’t have that diversity in managerial positions.”
Rabbani said most immigrants come to Canada with post-secondary education, are in good health, and have money.
“What they don’t necessarily have is the language and the accreditation they need to work,” she said in an interview after her presentation.
She agreed it’s important for professionals from other countries to meet Canadian standards, but there are ways local business leaders can help while immigrants work through that process — like mentorship programs, internships and peer partnering in the workplace.
“Sometimes training managers and current staff around these issues is helpful too,” she said. “Studies have shown that when business is involved with social entrepreneurship, they see more profit margins.”
Lloyd Longfield, president of the Guelph Chamber of Commerce, said there are three initiatives businesses are taking part in to ease the transition for new Canadians: The Guelph Inclusiveness Alliance, a group of 27 organizations; the Local Immigration Partnership, which strives to make it easier for immigrants to settle here; and the Leadership Intercultural Council, which oversees these projects.
“With the imminent retirement of baby boomers, the workplace will need more workers,” Longfield said. “Immigration is often the source of growth.”
“Guelph is proactive in this regard,” Rabbani agreed. “That’s the beauty of our region.”
jshuttleworth@guelphmercury.com
GUELPH — Businesses should embrace the wave of immigrants coming to Guelph since they add richness to the community and profitability — both as employees and as consumers — to their bottom lines.
And if they build a sense of community within their organizations, businesses can help immigrants settle into their new surroundings as well.
That was the gist of Roya Rabbani’s presentation Wednesday to business leaders at a lunch and learn event hosted by the Guelph Chamber of Commerce.
Rabbani, executive director of Immigrant Services Guelph-Wellington, said Guelph is becoming a destination for new immigrants to Canada. She said according to 2008/2009 data, approximately 477 new immigrants come to Guelph each year to the point where immigrants make up 14 per cent of the population.
“So we have to look at work environments and agencies to see how well (immigrants) are represented in the workplace,” she said. “Many workplaces don’t have that diversity in managerial positions.”
Rabbani said most immigrants come to Canada with post-secondary education, are in good health, and have money.
“What they don’t necessarily have is the language and the accreditation they need to work,” she said in an interview after her presentation.
She agreed it’s important for professionals from other countries to meet Canadian standards, but there are ways local business leaders can help while immigrants work through that process — like mentorship programs, internships and peer partnering in the workplace.
“Sometimes training managers and current staff around these issues is helpful too,” she said. “Studies have shown that when business is involved with social entrepreneurship, they see more profit margins.”
Lloyd Longfield, president of the Guelph Chamber of Commerce, said there are three initiatives businesses are taking part in to ease the transition for new Canadians: The Guelph Inclusiveness Alliance, a group of 27 organizations; the Local Immigration Partnership, which strives to make it easier for immigrants to settle here; and the Leadership Intercultural Council, which oversees these projects.
“With the imminent retirement of baby boomers, the workplace will need more workers,” Longfield said. “Immigration is often the source of growth.”
“Guelph is proactive in this regard,” Rabbani agreed. “That’s the beauty of our region.”
Throne speech to tackle lack of skilled workers
The speech from the throne on Wednesday will not just promise more jobs, it will address a lack of skilled workers that has left some Canadian jobs going begging, government sources say.
Sources told CBC News that the speech, to be delivered by Gov. Gen. Michaëlle Jean at 2:30 p.m. ET in Ottawa, will include a greater emphasis on attracting and retaining immigrant skilled workers, by giving more weight to work experience.
Workforce report
A recent report from the Canadian Chamber of Commerce found that a low Canadian birth rate combined with an inefficient immigration system has created a perfect storm. The report, released Feb. 22, predicts that in the next decade, 100 per cent of net workforce growth will come from new immigrants to Canada.
Michael Atkinson, president of the Canadian Construction Association, said the government simply can't afford to ignore tradespeople and craftspeople in its new productivity agenda.
"Sometimes the construction industry, like other industries, is painted as being yesterday's economy, as an old world economy. And that's just not true," he said.
"It's the construction industry that builds our laboratories, builds the clean rooms, builds our fibre networks, builds the research centres. So, from our perspective, the construction industry builds Canada."
Post-secondary education valued, not trades
Atkinson said his industry will need to replace 317,000 workers by 2017, including on-site workers, managers and supervisors. That's going to be difficult, he said, because of current barriers within the immigration system.
"Our point system is really geared towards people with post-secondary education and with proficiency in both of our official languages, with very little points or merit given for experience or qualifications in a trade," he said.
"It's easier to get into Canada as a permanent resident with a couple of degrees in Greek pottery or Greek mythology rather than 25 years experience as a welder."
Tina Kremmidas, the chief economist for the Canadian Chamber of Commerce and the author of its latest report, said Canada risks losing out in the global competition for workers.
She cited the Australian example, where skilled immigrants are brought into the workforce more quickly to fill needed trades, along with students who are encouraged to stay on.
"Those are the things that Canada's immigration policy needs to look at," she said. "We're certainly competing with Australia, we're competing with the U.K. and other European countries, not to mention the U.S., for skilled immigrants and highly educated immigrants. Not only in the skilled professions but what we call unskilled labour."
Focus on family reunification
For some trade representatives, the change will require a shift in government philosophy away from the social aspects of immigration in favour of economic variables.
"They really have to look at changing the nature of immigration from a social policy to an economic policy," said Philip Hochstein, president of the Independent Contractors and Businesses Association of British Columbia.
"For too long we were involved in not bringing in enough skilled people and were focused on family reunification. And that's fine. But the economy in order to recover will need skilled people to do that."
All eyes will be on Ottawa this week as it lays out a broader agenda, beginning with the throne speech on Wednesday, and culminating in the tabling of the federal budget on Thursday.
Read more: http://www.cbc.ca/canada/story/2010/03/02/throne-speech-jobs-skills.html#ixzz0h7rD4mpC
Sources told CBC News that the speech, to be delivered by Gov. Gen. Michaëlle Jean at 2:30 p.m. ET in Ottawa, will include a greater emphasis on attracting and retaining immigrant skilled workers, by giving more weight to work experience.
Workforce report
A recent report from the Canadian Chamber of Commerce found that a low Canadian birth rate combined with an inefficient immigration system has created a perfect storm. The report, released Feb. 22, predicts that in the next decade, 100 per cent of net workforce growth will come from new immigrants to Canada.
Michael Atkinson, president of the Canadian Construction Association, said the government simply can't afford to ignore tradespeople and craftspeople in its new productivity agenda.
"Sometimes the construction industry, like other industries, is painted as being yesterday's economy, as an old world economy. And that's just not true," he said.
"It's the construction industry that builds our laboratories, builds the clean rooms, builds our fibre networks, builds the research centres. So, from our perspective, the construction industry builds Canada."
Post-secondary education valued, not trades
Atkinson said his industry will need to replace 317,000 workers by 2017, including on-site workers, managers and supervisors. That's going to be difficult, he said, because of current barriers within the immigration system.
"Our point system is really geared towards people with post-secondary education and with proficiency in both of our official languages, with very little points or merit given for experience or qualifications in a trade," he said.
"It's easier to get into Canada as a permanent resident with a couple of degrees in Greek pottery or Greek mythology rather than 25 years experience as a welder."
Tina Kremmidas, the chief economist for the Canadian Chamber of Commerce and the author of its latest report, said Canada risks losing out in the global competition for workers.
She cited the Australian example, where skilled immigrants are brought into the workforce more quickly to fill needed trades, along with students who are encouraged to stay on.
"Those are the things that Canada's immigration policy needs to look at," she said. "We're certainly competing with Australia, we're competing with the U.K. and other European countries, not to mention the U.S., for skilled immigrants and highly educated immigrants. Not only in the skilled professions but what we call unskilled labour."
Focus on family reunification
For some trade representatives, the change will require a shift in government philosophy away from the social aspects of immigration in favour of economic variables.
"They really have to look at changing the nature of immigration from a social policy to an economic policy," said Philip Hochstein, president of the Independent Contractors and Businesses Association of British Columbia.
"For too long we were involved in not bringing in enough skilled people and were focused on family reunification. And that's fine. But the economy in order to recover will need skilled people to do that."
All eyes will be on Ottawa this week as it lays out a broader agenda, beginning with the throne speech on Wednesday, and culminating in the tabling of the federal budget on Thursday.
Read more: http://www.cbc.ca/canada/story/2010/03/02/throne-speech-jobs-skills.html#ixzz0h7rD4mpC
Subscribe to:
Posts (Atom)
Check our online courses now
Click Here now!!!!