Connect with us

Anglais

Employment gap narrows between university-educated immigrants and Canadian-born counterparts

Published

on

[ad_1]

The unemployment gap between university-educated immigrants and their Canadian counterparts in the GTA has significantly narrowed over the last two decades, but employers’ demand for Canadian job experience remains a key barrier for newcomers, a new study has found.

In 2001, newcomers with at least a Bachelor’s degree had an unemployment rate that was 3.85 times higher than their Canadian-born peers, but by 2016, this had dropped to only 2.4 times, said the report commissioned by the Toronto Region Immigrant Employment Council (TRIEC).

Eishita Alam, a banker from Bangladesh, enrolled in a job readiness program for newcomers within weeks of her arrival in Toronto last July. She says the lack of Canadian job experience is still a barrier in her job search.
Eishita Alam, a banker from Bangladesh, enrolled in a job readiness program for newcomers within weeks of her arrival in Toronto last July. She says the lack of Canadian job experience is still a barrier in her job search.  (Andrew Francis Wallace / Toronto Star)

“This does indeed suggest that the circumstances of newcomers are improving,” said the report titled State of Immigrant Inclusion in GTA Labour Market. “The gap persists, but it is getting smaller.”

While newcomers with a Canadian degree in a STEM (science, technology, engineering and mathematics/IT) subject are doing nearly as well as their Canadian-born counterparts, the report said immigrant women with a degree from outside Canada in a non-STEM subject fare the worst.

Based on census data between 2001 and 2016, the report tracked the makeup of the GTA labour market and immigrants’ job prospects since TRIEC was established in 2003 to address Canada’s doctors-driving-cabs immigrant conundrum.

In 2001, university-educated immigrants had an unemployment rate of 13.1 per cent, almost four times higher than the 3.4 per cent rate for Canadians with the same level of education. While the jobless rate for those immigrants still hovered at around 12.5 per cent, the rate among Canada-born degree-holders shot up to 5.2 per cent.

One possible contributing factor for the narrowing gap, the report said, was the higher number of newcomers who now possess Canadian education credentials.

In 2006, only 8 per cent of newcomers to the GTA had earned a degree in Canada, but by 2011, it had more than doubled, to 18 per cent. It was at 17 per cent in 2016.

The data also showed newcomers who arrived in Ontario with university degrees before 1990 ultimately worked in a job that requires a university degree at the same rate as their Canadian counterparts — roughly 70 per cent. However, only 54 per cent of degree-holding newcomers who arrived in the last decade are at a comparable job.

“It is taking too long for immigrants to catch up with their Canadian-born counterparts,” said the report. “Unemployment at the start of an immigrant’s working life in Canada can have a long-lasting impact.”

Mexican immigrant Miguel Abascal is a testament to that struggle.

With a Master’s degree in finance, the former CEO of a coffee production and distribution company moved to Canada in 2010 and found his first Canadian job at a Tim Hortons in Burlington. He sent out hundreds of resumés without yielding a single interview.

After a year, he enrolled in a government-funded job search program and got a job as a bankruptcy processer, then selling insurance door-to-door and going back to Tim Hortons before landing a job as a teller with help from a TD branch manager he met at a networking event in 2013.

“For four years, I was living my Canadian nightmare,” said Abascal, 35, who was quickly promoted through the ranks and is now a project manager at the bank. “I’m finally living my Canadian dream, but four, five years were too long. We want newcomers to realize their dream and full potential in five weeks.”

Miguel Abascal, who is now a project manager at the TD Bank, came to Canada from Mexico in 2010 with a Master's degree in finance. He says landing his first good job here proved a challenge.
Miguel Abascal, who is now a project manager at the TD Bank, came to Canada from Mexico in 2010 with a Master’s degree in finance. He says landing his first good job here proved a challenge.  (Picasa)

Abascal said there are more organizations offering mentoring and networking programs these days than when he first came. He has seen more recent newcomers joining the bank at entry level jobs in his five years there.

The “Canadian dream is powered by networking. It’s all about connections and referrals,” said Abascal. “At the end of the day, it’s about an employer’s trust in you.”

The study also surveyed employers and immigrant employment service providers and found credential recognition, the need for Canadian experience, perceptions about language and communication skills, bias and discrimination have remained the main employment barriers for newcomers.

Iren Koltermann, who co-authored the study with Denise McLean, said Canada must scale up mentorship and career-bridging programs that have been proven effective for the integration of newcomers and strive to make a “Canadian experience requirement” a thing of the past.

“What is Canadian experience? It’s a lexicon no one can define,” said Koltermann. “We can’t use a blanket term and reduce it to cliché. Is it about not being educated in health and safety? We need to unpack and explain it.”

KPMG Canada has for years had a formal strategy to attract and retain global talent and promote inclusion and diversity. It measures and sets annual goals for the organization’s gender and visible minority representation. Last year, 20 per cent of those who were promoted to become partners were people of colour, 5 per cent higher than four years ago.

“Because of the nature of the firm in tax and audit, we do require technical knowledge, but it should not be a barrier,” said Kristine Remedios, KPMG Canada’s national leader in inclusion and diversity. “They are internationally trained and we can offer support for some of that education within the firm.”

The changing labour market landscape does help recent skilled immigrants hit the ground running faster.

Unlike Abascal, Eishita Alam, a banker from Bangladesh, enrolled in a job readiness program for newcomers within weeks of her arrival in Toronto last July. In September, she was matched with a professional mentor through TRIEC.

The 37-year-old woman has garnered five job interviews through her nascent professional network, but is still without a job.

“I didn’t have high school friends or former colleagues in my network and must start from zero here,” said Alam, who has an MBA and held a director position in credit analysis with Standard Chartered, a British bank, in Dhaka.

“The barrier for us is the lack of Canadian experience. There’s still a lack of recognition of our international experience.”

Nicholas Keung is a Toronto-based reporter covering immigration. Follow him on Twitter: @nkeung

[ad_2]

Source link

قالب وردپرس

Anglais

‘Business as usual’ for Dorel Industries after terminating go-private deal

Published

on

By

MONTREAL — Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after discussions with shareholders.

« Moving ahead. Business as usual, » a spokesman for the company said in an email on Monday.

A group led by Cerberus Capital Management had previously agreed to buy outstanding shares of Dorel for $16 apiece, except for shares owned by the family that controls the company’s multiple-voting shares.

But Dorel chief executive Martin Schwartz said the Montreal-based maker of car seats, strollers, bicycles and home furniture pulled the plug on a deal on the eve of Tuesday’s special meeting after reviewing votes from shareholders.

“Independent shareholders have clearly expressed their confidence in Dorel’s future and the greater potential for Dorel as a public entity, » he said in a news release.

Dorel’s board of directors, with Martin Schwartz, Alan Schwartz, Jeffrey Schwartz and Jeff Segel recused, unanimously approved the deal’s termination upon the recommendation of a special committee.

The transaction required approval by two-thirds of the votes cast, and more than 50 per cent of the votes cast by non-family shareholders.

Schwartz said enhancing shareholder value remains a top priority while it stays focused on growing its brands, which include Schwinn and Mongoose bikes, Safety 1st-brand car seats and DHP Furniture.

Dorel said the move to end the go-private deal was mutual, despite the funds’ increased purchase price offer earlier this year.

It said there is no break fee applicable in this case.

Montreal-based investment firm Letko, Brosseau & Associates Inc. and San Diego’s Brandes Investment Partners LP, which together control more than 19 per cent of Dorel’s outstanding class B subordinate shares voiced their opposition to the amended offer, which was increased from the initial Nov. 2 offer of $14.50 per share.

« We believe that several minority shareholders shared our opinion, » said Letko vice-president Stephane Lebrun, during a phone interview.

« We are confident of the long-term potential of the company and we have confidence in the managers in place.”

Continue Reading

Anglais

Pandemic funds helping Montreal businesses build for a better tomorrow

Published

on

By

Many entrepreneurs have had to tap into government loans during the pandemic, at first just to survive, but now some are using the money to better prepare their businesses for the post-COVID future.

One of those businesses is Del Friscos, a popular family restaurant in Dollard-des-Ormeaux that, like many Montreal-area restaurants, has had to adapt from a sit-down establishment to one that takes orders online for takeout or delivery.

“It was hard going from totally in-house seating,” said Del Friscos co-owner Terry Konstas. “We didn’t have an in-house delivery system, which we quickly added. There were so many of our employees that were laid off that wanted to work so we adapted to a delivery system and added platforms like Uber and DoorDash.”

Helping them through the transition were emergency grants and low-interest loans from the federal and provincial governments, some of which are directly administered by PME MTL, a non-profit business-development organization established to assist the island’s small and medium-sized businesses.

Konstas said he had never even heard of PME MTL until a customer told him about them and when he got in touch, he discovered there were many government programs available to help his business get through the downturn and build for the future. “They’ve been very helpful right from day one,” said Konstas.

“We used some of the funds to catch up on our suppliers and our rents, the part that wasn’t covered from the federal side, and we used some of it for our new virtual concepts,” he said, referring to a virtual kitchen model which the restaurant has since adopted.

The virtual kitchen lets them create completely different menu items from the casual American Italian dishes that Del Friscos is known for and market them under different restaurant brand names. Under the Prasinó Soup & Salad banner, they sell healthy Greek options and their Stallone’s Sub Shop brand offers hearty sandwiches, yet the food from both is created in the same Del Friscos kitchen.

Continue Reading

Anglais

Downtown Montreal office, retail vacancies continue to rise

Published

on

By

Some of downtown Montreal’s key economic indicators are heading in the wrong direction.

Office and retail vacancies in the city’s central core continued to climb in the fourth quarter of 2020, according to a quarterly report released Thursday by the Urban Development Institute of Quebec and the Montréal Centre-Ville merchants association. The report, whose first edition was published in October, aims to paint a socio-economic picture of the downtown area.

The survey also found office space available for sublet had increased during the fourth quarter, which may foreshadow even more vacancies when leases expire. On the residential front, condo sales fell as new listings soared — a sign that the downtown area may be losing some of its appeal to homeowners.

“It’s impossible not to be preoccupied by the rapid increase in office vacancies,” Jean-Marc Fournier, the former Quebec politician who now heads the UDI, said Thursday in an interview.

Still, with COVID-19 vaccinations set to accelerate in the coming months, “the economic picture is bound to improve,” he said. “People will start returning downtown. It’s much too early to say the office market is going to disappear.”

Public health measures implemented since the start of the pandemic almost a year ago — such as caps on office capacity — have deprived downtown Montreal of more than 500,000 workers and students. A mere 4,163 university and CEGEP students attended in-person classes in the second quarter, the most recent period for which figures are available. Border closures and travel restrictions have also brought tourism to a standstill, hurting hotels and thousands of local businesses.

Seventy per cent of downtown workers carried out their professional activities at home more than three days a week during the fourth quarter, the report said, citing an online survey of 1,000 Montreal-area residents conducted last month.

Continue Reading

Chat

Affaires5 jours ago

Prudence avec le passeport vaccinal

Affaires5 jours ago

Le secteur touristique autochtone s’attendait à beaucoup plus du budget fédéral

Affaires5 jours ago

La fintech canadienne Mogo ajoute 146 autres Ethereum à son portefeuille de crypto

Affaires5 jours ago

Les entreprises canadiennes estiment que l’épuisement professionnel nuira au résultat net des entreprises cette année, selon une nouvelle étude de Sage au Canada

Affaires5 jours ago

Chaire de recherche du Canada sur les matériaux de construction multifonctionnels durables

Affaires5 jours ago

Les Canadiens seront vaccinés

Affaires5 jours ago

Samsung Canada et Tim Hortons poursuivent la transformation numérique des services au volant en prévoyant la mise en place de 2 600 écrans extérieurs dans tout le Canada d’ici la fin de 2021.

Affaires5 jours ago

Le Canada mise sur le nucléaire pour réduire les GES

Affaires5 jours ago

Les mesures sanitaires font reculer les ventes de Tim Hortons

Affaires5 jours ago

L’Université de Montréal a caché un laboratoire nucléaire pendant la guerre

Affaires5 jours ago

Économie : les postes vacants coûtent 8 M $ par jour au secteur de la transformation alimentaire

Opinions5 jours ago

J’ai peur du projet de loi 59

Opinions5 jours ago

La protection de nos enfants, c’est aussi l’affaire du municipal

Opinions5 jours ago

Crise du logement : le Parti libéral du Québec en mode solutions

Opinions5 jours ago

Des témoins condamnent le comportement de certains députés envers elles

Opinions5 jours ago

Québec solidaire demande à ses membres de se prononcer sur une faction du parti

Opinions5 jours ago

Chevaliers de la «libarté»

Opinions5 jours ago

Se taire ou faire usage de sa liberté d’expression citoyenne?

Opinions5 jours ago

Contrer les féminicides: de la considération à la préoccupation!

Actualités1 semaine ago

Des normes pour l’industrie de l’ÉPI demandées

Anglais3 années ago

Body found after downtown Lethbridge apartment building fire, police investigating – Lethbridge

Styles De Vie3 années ago

Salon du chocolat 2018: les 5 temps forts

Anglais2 années ago

This B.C. woman’s recipe is one of the most popular of all time — and the story behind it is bananas

Santé Et Nutrition3 années ago

Gluten-Free Muffins

Anglais2 années ago

27 CP Rail cars derail near Lake Louise, Alta.

Anglais2 années ago

Man facing eviction from family home on Toronto Islands gets reprieve — for now

Santé Et Nutrition2 années ago

We Try Kin Euphorics and How to REALLY Get the Glow | Healthyish

Anglais2 années ago

Ontario’s Tories hope Ryan Gosling video will keep supporters from breaking up with the party

Anglais2 années ago

A photo taken on Toronto’s Corso Italia 49 years ago became a family legend. No one saw it — until now

Anglais3 années ago

Condo developer Thomas Liu — who collected millions but hasn’t built anything — loses court fight with Town of Ajax

Styles De Vie3 années ago

Renaud Capuçon, rédacteur en chef du Figaroscope

Anglais2 années ago

This couple shares a 335-square-foot micro condo on Queen St. — and loves it

Mode2 années ago

Paris : chez Cécile Roederer co-fondatrice de Smallable

Anglais2 années ago

Ontario Tories argue Trudeau’s carbon plan is ‘unconstitutional’

Styles De Vie2 années ago

Ford Ranger Raptor, le pick-up roule des mécaniques

Affaires2 années ago

Le Forex devient de plus en plus accessible aux débutants

Anglais3 années ago

100 years later, Montreal’s Black Watch regiment returns to Wallers, France

Technologie2 années ago

YouTube recommande de la pornographie juvénile, allègue un internaute

Anglais2 années ago

Trudeau government would reject Jason Kenney, taxpayers group in carbon tax court fight

Anglais2 années ago

Province’s push for private funding, additional stops puts Scarborough subway at risk of delays

Trending