Report: Canada saw over 30,000 tech workers immigrate while losing nearly 1,700 to the US
Report: Canada saw over 30,000 tech workers immigrate while losing nearly 1,700 to the US
Canada saw an intake of over 30,000 foreign tech workers within the last year, according to a new report from the Technology Councils of North America and Canada's Tech Network.
Canada saw an intake of over 30,000 foreign tech workers within the last year, according to a new report from the Technology Councils of North America and Canada's Tech Network.
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The top five [hiring companies] includes financial institutions such as TD, RBC, and Scotiabank, along with Amazon and Bell.
It would be interesting to know what roles the banks are filling with these newcomers.
You might be surprised how inefficient banks can be when it comes to tech. As years go by I see an increase of tech workers but a decrease of experienced or competent ones. My view is those competent tech workers tend to be more expensive than Canadian companies are willing to pay, thus end up hiring 10x the staff. The banks simply have more money to waste that way and thus are doing so by hiring a lot of tech workers.
The article doesn't provide enough context to say.
There is also the possibility that they're being swallowed into the great fintech pachinko machine.
... second only to the HR pachinko machine in terms of size and complexity?
If they're like most places, they're going to front-line support and/or front-line development.
Banks and other institutions with a massive legacy codebase and/or infrastructure are keenly aware of how much it costs them to maintain, COBOL code on zSeries. They'd very much like to replace the currently-irreplaceable mainframe wizards with interchangeable "full stack developers" that they can outsource or subcontract to.
There's a lot of Gen-X and Millenial managers that really struggle with having whole chunks of their infrastructure that they can't commodify (source: am a Gen-X IT manager). Part of this is a legit concern: COBOL+zSeries or RPG+iSeries devs are not exactly common, and they take a long time to train up. Senior architects are even rarer, and most of them are a heartbeat away from their, ahem, last promotion, so it makes sense to try and move that you can to something that you can more easily support.
The other part of this is that there is a type of insecure douchebag manager that hates having indispensable employees, and there's nothing as indispensable as the greybeard who knows the COBOL code that your billion-dollar company runs on.
Agreed, we can make assumptions, but it would be cool to have accurate stats.
It would be interesting to know if these employees helping improve Canadian productivity by building new products and services that being money in, it are they support that has little to no positive impact, while discouraging innovation?
(I suspect you're right, btw)
Also interesting would be knowing what those "tech" roles are.
Sometimes first line call center is labelled as tech.
Which is a much different role than engineering, or installing, or maintenance or coding - which are the types of roles I typically think of as "tech".