Industry Need: BioTalent Canada conducted a national statistically significant study of Canadian bio-economy companies from coast to coast (published September 2013) to discover their greatest human resource (HR) challenges. From this study:
- 33.2% of companies experienced skills shortages
- 40% of companies stated this has a great or major impact on achieving business objectives
- But only 52.1% of companies have internationally trained professionals on staff (a decline of 6.7% from 2008)
Of those companies that hired immigrants:
- 51.8% improved innovation and/or problem solving on their teams
- 43.4% improved company productivity
- 28.9% increased access to foreign and/or domestic markets
- 15.7% increased access to investors and/or venture capital
BioTalent Canada also conducted a national statistically significant study of recent immigrants to Canada (published November 2013). From this study:
- 56.8% of all immigrants surveyed were unemployed
- Unemployment for those from clinical and pre-clinical research backgrounds ranged from 44.6% to 54.5%
- The number one reason they came to Canada was the prospect of employment
- The number one difficulty they face upon arrival in Canada is securing employment in their field
Objective: This project provided internationally educated professionals with alternative career path options from traditional medical professions, such as physicians, surgeons, veterinarians, nurses and pharmacists, into related occupations within the Canadian bio-economy.
BioTalent Canada had previously developed a database of transferable skills for physicians, surgeons, nurses and veterinarians into 46 Canadian bio-economy occupations in Canada. BioTalent Canada expanded on this database to include transferable skills for pharmacists.
Funded by the Government of Canada’s Foreign Credential Program.