{"id":481,"date":"2022-04-20T19:48:01","date_gmt":"2022-04-20T14:18:01","guid":{"rendered":"https:\/\/www.dss-hr.com\/blog\/?p=481"},"modified":"2023-06-12T12:51:33","modified_gmt":"2023-06-12T07:21:33","slug":"immigrants-are-set-to-have-a-bright-future-in-canadas-labour-market","status":"publish","type":"post","link":"https:\/\/www.dss-hr.com\/blog\/immigrants-are-set-to-have-a-bright-future-in-canadas-labour-market","title":{"rendered":"Immigrants are set to have a bright future in Canada\u2019s labour market"},"content":{"rendered":"\n

Desire to reside in Canada and experience a\nbright future? But don\u2019t know where to begin from? Don\u2019t worry, because we have\nentered the picture. Dynamic Group will aid you in the entire PR process, as we\nare the best immigration consultants in Delhi.<\/p>\n\n\n\n

The ageing of Canada’s population will\nbenefit both native and immigrant employees. <\/p>\n\n\n\n

The employment rate in Canada is at its\npeak. <\/p>\n\n\n\n

Given the coronavirus pandemic, this may\nappear odd at first. <\/p>\n\n\n\n

Even so, the enormous demographic trends\nthat were reshaping Canada’s workforce prior to the pandemic and will continue\nto transform it over the next decade, there was little uncertainty that the\nlabour market would rebound.<\/p>\n\n\n\n

One of the most profound problems in terms\nof immigration policy is how a recession will affect the labour market\nperformance of immigrants who receive permanent residence during times of\neconomic crisis. According to research, such immigrants’ labour market outcomes\nmay be adversely affected throughout the rest of their careers in Canada. <\/p>\n\n\n\n

This is concerning, given the severe\neconomic shock experienced by Canada at the outset of the pandemic, as well as\nCanada’s desire to welcome the biggest levels of immigration in its history. <\/p>\n\n\n\n

However, a closer examination reveals that\nthe COVID recession is distinct, and immigrants who have recently arrived or\nwill arrive in the near future are still well poised in the Canadian labour\nmarket.<\/p>\n\n\n\n

Four reasons for this present trend are\nmentioned below:<\/p>\n\n\n\n

More\nCanadian workers retiring:<\/strong><\/h2>\n\n\n\n

The exit of baby boomers from the Canadian\nworkforce is the very first reason for this. This exodus explains why prior to\nthe COVID recession, Canada had its lowest unemployment rate in history,\ndespite the pandemic’s continued impact on the Canadian and global economies.\nIt has attained another historic low in unemployment rate. <\/p>\n\n\n\n

Around 20 million people work in Canada,\nwith approximately 9 million of them being baby boomers. Within the next\ndecade, all 9 million baby boomers will have reached the age of retirement in\nCanada, which is 65. As more workers retire, the Canadian labour market will\nbecome more void.<\/p>\n\n\n\n

Historically, Canada has been able to\ncompletely replace retirees with new Canadian graduates who have completed\ntheir school and have entered the workforce, but this is no longer the case.\nBecause of Canada’s low birth rate, it will have to rely on other sources of\ntalent to replace retiring workers. <\/p>\n\n\n\n

Replacing retiring workers is critical in\nmaintaining the economy and ensuring that the tax base is large enough to provide\nservices that Canadians can access, such as education and health care. This is\nincreasingly more significant as Canada’s health-care spending rises as the\npopulation ages.<\/p>\n\n\n\n

Women, people with disabilities, elderly\nemployees, Indigenous peoples, and distracted youth are just a few examples of\nunderutilised talent sources. Even if we raised their employment participation\nrates to the national average, adding more of them to the labour market would\nnot entirely compensate for all the retirees. <\/p>\n\n\n\n

This helps us to illustrate why immigration\nis so important to Canada’s economic growth. Prior to the pandemic, they\naccounted for up to 100% of Canada’s yearly labour force expansion in a few\ninstances, and this is expected to become the norm over the next decade.<\/p>\n\n\n\n

More\ncompetitive selection process:<\/strong><\/h2>\n\n\n\n

In recent years, the federal government, as\nwell as provinces and territories, have changed their selection criteria to\naccount for human capital factors that have been shown in studies resulting in\nbetter economic outcomes for immigrants. Candidates who are young,\nwell-educated, fluent in English and\/or French, have professional work\nexperience, and other bonuses such as having Canadian education and\/or work\nexperience are given a higher CRS score under the Express Entry Comprehensive\nRanking System (CRS), which increases their possibility of gaining permanent\nresidence and ultimately succeeding in the Canadian labour market.<\/p>\n\n\n\n

More\nimmigrants selected from within Canada:<\/strong><\/h2>\n\n\n\n

Another significant change has been the\nrise in the number of permanent residents chosen from within Canada. Prior to\nthe pandemic, immigrants from other countries accounted for roughly 70% of\nthose who landed under Express Entry, but that number dropped to 30% last year,\nwith Immigration, Refugees and Citizenship Canada (IRCC) relying more on\nin-Canada candidates to meet its immigration targets amid pandemic-related\ndisruptions like travel restrictions. It’s unclear whether IRCC would\nprioritise picking immigrants from outside of Canada or within Canada after the\npandemic, but we do know that Immigration Minister Sean Fraser’s mandate letter\ndirects him to develop new in-Canada immigration paths. Furthermore, provinces\nand territories are increasingly picking candidates from within Canada through\nthe Provincial Nominee Program (PNP) and other channels. <\/p>\n\n\n\n

The trend of in-Canada selection is also\nsupported by Canadian government research, which demonstrates that former\ninternational students and temporary foreign workers profit from their Canadian\nexperience in the labour market after they become permanent residents.<\/p>\n\n\n\n

More\nCanadian government investment to help newcomers:<\/strong><\/h2>\n\n\n\n

The IRCC’s increased investment in\nimmigrant settlement programmes such as workforce and language training is a\nthird significant factor to consider. IRCC now spends almost $2 billion each\nyear on such services, up from around $350 million twenty years ago. These\nservices are also provided before arrival to provide immigrants with relevant\ninformation and support to help them settle into Canada more quickly.<\/p>\n\n\n\n

So, contact us for an exotic life in\nCanada. We are the best immigration consultants in Delhi.<\/p>\n\n\n\n

Dynamic group is one stop solution for all\nyour immigration needs. You can book a consultation with one of our Immigration\nExperts for more information on Immigration, Language Training and Pre &\nPost landing assistance. <\/p>\n\n\n\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBook a Consultation\nTab instead \n\n\n\n<\/p>\n\n\n\n

Check Your Eligibility<\/strong><\/a><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Desire to reside in Canada and experience a bright future? But don\u2019t know where to begin from? Don\u2019t worry, because we have entered the…<\/p>\n","protected":false},"author":30,"featured_media":487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[],"class_list":["post-481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immigration"],"yoast_head":"\nImmigrants are set to have a bright future in Canada\u2019s labour market | Dynamic Staffing Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dss-hr.com\/blog\/immigrants-are-set-to-have-a-bright-future-in-canadas-labour-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Immigrants are set to have a bright future in Canada\u2019s labour market | Dynamic Staffing Services\" \/>\n<meta property=\"og:description\" content=\"Desire to reside in Canada and experience a bright future? 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