We need more programs like the global talent stream to boost Canadian tech sector

October 17, 2019

By Globe and Mail |

While a scaling tech company needs a great product and money to grow, it won’t get far without access to great talent. In particular, Canadian tech companies are struggling to find senior talent in almost every role. People who have experience in starting and scaling companies. People who have the scars of mistakes and found a way to success.

This is partly a good news story: While we have world-class senior talent here, technology entrepreneurialism has flourished over the past 10 years, and we now have far more good companies than the domestic labour market can handle. The fact is that 10 years is too short to generate a deep well of talent to draw from. We can see it when we are looking for hires because our recruiters primarily “source” talent gainfully employed at other companies. Our top talent is faced with the same pressure from recruiters for other firms.

Dialogue around talent seems to mostly centre around who we train at our colleges and universities and, while this is absolutely important, it’s not going to help companies that are struggling with finding senior help right now. We can’t wait.

If you are struggling to find top talent domestically, what would you do? Look internationally, of course. This is what we did at Altus Assessments back in 2016 after spending an enormous amount of time trying to fill a senior software developer position domestically. We found a talented person, but they lived in the Ukraine. Ten months and $10,000 later, we had successfully brought them to Toronto. It was painful, but necessary.

Something momentous occurred in mid-2017. It was a quiet change to government policy, but has caused quite a surprising difference for companies such as ours. The federal Liberal government launched a fast-track immigration program for jobs constraining Canadian industry, including highly skilled software developers and senior managers. The program was called the “Global Talent Stream.”

The change has been astounding. More than 20,000 highly skilled, highly educated workers have had their work permits fast-tracked since June, 2017, under this program. In our case, we were able to hire three senior software developers over the course of six weeks, bringing them here from Brazil, Colombia and the Philippines. In one case, we went from interview to having another new relocated team member in six weeks: about the same time it would have taken someone in the local job market to join us. These are people who will be instrumental to our growth and success.

The change was made even more pronounced by companies such as Vanhack that have amplified the effectiveness of the policy. Vanhack recruits top-quality talent internationally at meet-ups they run all over the world. In the past few week, they’ve held these events in Nigeria, Brazil and India. After screening talent, they arrange for top talent to interview with top companies in the Canadian city to which the potential recruit is interested in relocating. When a match is made, they facilitate the immigration paperwork. Innovative companies such as this have put the Global Talent Stream program on steroids.

Read more 

 


Back