The Skilled required to support the Canadian economy are not same now as they were from 10 years age and also, they will not be similar 10 years from now. Due to Technology and innovation continues reform the market place, global businesses are considering an emergence of highly advanced roles. Rapid advances in the field of robotics, artificial intelligence and in other technologies are changing. These advances create new skilled professionals faster than marketplace to develop the talents that suitable to them.

One of the basic problems is that many of these new occupations are in demand much sooner than estimated. As an example, a self driving car is no longer fantasy or science fiction, this technology is already in the market place. Ontario PNP has introduced a 10 year pilot program in the year 2016, allowing driverless cars to be tested on Ontario roads that results in tech transportation and entrepreneurs companies to develop most advanced self- driving vehicles.

As per the recent reports by Information and Communication Technology Council, the STEM Sector need to fill approximately 216,000 technology related jobs by 2021.

Addressing The Skill Shortage With Global Skill Strategy

In order to address the talent shortages, the global skill strategy of Canada grants Canadian employer a consistent way to lure hidden talent to Canada with two weeks or less. In general, the Global Talent Stream program facilitates a number of companies to easy access foreign skilled workers for certain occupations. It has two categories that bring out talent in Canada such as Category A under which only employers that have been referred by one of GTS Designated partners were qualified to apply. While, under Category B, employers can recruit skilled foreign workers in occupations falls under Global Talent occupation list.

Understand Challenges To Satisfy Future Skills Requirements

Both, the global skills strategy and GTS program have made Canada as a leading destination for global technology companies. The key challenge that GTS is facing relates to previously mentioned NOC system. NOC is a standardized system under which describes the work employed in Canada labor market with each occupation fit under equivalent NOC code. Each occupation on Global Talent occupation list under GTS category B has subsequent NOC code though these NOC codes don’t enough capture the merging occupations. As an example, because the occupation doesn’t exist when the NOC codes were created, there is no code for self driving car mechanic.

Expand The Global Talent Stream

In order to continue the global stage, Canada reinvents the GTS program for Canadian businesses. GTS program has a long way to help many technology companies in order to access highly skilled foreign workers and satisfy job position. The Canadian government could also consider adding Category “C” under Global Talent Stream to address next generation for supporting the innovation and business growth of Canada. Category “C” needs Canadian employer to provide a detailed explanation of future role and summary of these highly valuable skills.

Retain Future Skills and Lead Towards Fourth Industrial Revolution

As it is important to get future skills in Canada keep here for developing economy. Once businesses lure foreign talent for new occupations, they must consider how they can retain them for long term. Presently, Canada Express Entry program used to select the economic immigrants for permanent residency on the basis of CRS (Comprehensive Ranking system).

A maximum of 1200 CRS points will be allotted to candidates on the basis of human capital factors namely, age, education, skilled work experience, language ability and additional factors that includes a provincial nomination, siblings in Canada, any Canadian education or qualify an offer of arranged employment. The government frequently selects candidates who meet the threshold for invitation to apply on CRS points.
Canada shows a leadership to support a high growth technologies companies through progressive models. In order to meet the next wave of opportunity, the country is one step ahead to update further immigration programs to reflect the needs of emerging occupations. This will place Canada as top destination for Companies seeking to expand their business. Eventually, strategic changes to Global talent stream program made Canada to fill the shortage of skilled professionals by fourth industrial revolution.

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