Canadian tech company facing huge employment

Jack Newton, CEO and co-founder of Clio, has big plans for the company over the next two years. It currently employs 600 people and aims to add 250 staff by the end of the year, with at least 1,000 employees in 2022.

However, there is one major obstacle to achieving that goal.

In the COVID-19 pandemic, e-commerce and other digital business practices are in high demand, and many tech companies are rushing to recruit staff. While many offices are temporarily closed, tech companies are hiring talented people who can work remotely.

That’s why foreign tech companies turn to Canadians, which has created fierce competition, especially among domestic companies like Clio. Newton is aware of the enormous employment challenges they face.

With the technology boom happening around the world, not just in Canada and the United States, the demand for technology talent is higher than ever. The situation in Canada’s technical workforce has changed dramatically overnight.

Doordash, Uber, Google, Amazon, Pinterest, Microsoft, Twitter, Netflix and Wayfair are one of the companies that have already announced plans to hire technology or engineering talent from Canada.

Also, Shopify Inc. And Wattpad Corp and other leading Canadian tech companies are also participating, with plans to employ 2,021 and 100 employees, respectively, by the end of 2021.

Brendan King, who launched Saskatoon-based software company Vendasta, is no wonder about the hiring challenges. He shared that despite the large number of college graduates, it is still difficult to keep up with engineering and product talent.

Canada has long suffered from a “brain drain” as educated and talented people are moving south of the border for a variety of reasons.

According to a 2018 survey based on the Linked In profile of people who graduated from the University of Toronto, the University of Waterloo, and the University of British Columbia in 2015 and 2016, 66% of software engineering students and 30% of computer science students after graduation. I went to work. ..

Researchers have found that the two main reasons for leaving the country are job prospects and high salaries.

Hire, a platform that publishes average annual salaries, averaged $ 109,000 a year for engineers in Toronto in 2020, compared to about $ 177,463 in the United States for the same year, with a global average of $ 158,015. ..

Meanwhile, Clio has adopted the same strategy adopted by its US competitors. The company is currently promoting remote work positions.

Newton hopes that this flexibility will help attract more workers and apply. He also said that Canadian companies need to enhance their games to compete on a global level, given what’s happening now.

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Canadian tech company facing huge employment

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