It鈥檚 not your imagination 鈥� it has truly become harder and harder to find solid talent for high-skill positions. has become a challenge for 54% of global companies. And if you think hiring is tough now, it鈥檚 only getting worse 鈥� a recent study found that by 2030, there will be a of more than 85 million people.
Some of the most difficult roles to fill are security analysts, data research scientists, and database administrators, but software developers are, by far, the most sought-after role.
The competition for talent is global, but it鈥檚 especially tough in the US, with a relatively slow and unreliable immigration system where H-1B visas are notoriously difficult to obtain.
In our current fast-paced and ultra-competitive tech world, companies can鈥檛 afford to wait months (or longer) for work permits – so what can American tech companies do to continue recruiting the very best employees?
Well, one tactic to keep growing is 鈥�,鈥� which is the practice of opening an office in a nearby country. Strategic American tech companies have been looking to 深夜福利在线亚洲 for years, and have recently begun to expand north even more.
Tech giants like Google, Microsoft, Intel, and Uber have gone 鈥� or plan to go 鈥� . And companies like Asana, Postmates, Lyft, and Zenefits are in the midst of in 深夜福利在线亚洲 too.
If you need more reasons to scale your US tech team in 深夜福利在线亚洲, here are the five best reasons to head north.
Five reasons to expand your business in 深夜福利在线亚洲
Over the past five years, Toronto saw the聽聽of any North American city, outpacing even San Francisco and New York. Since 2018, more than聽聽have been created in Toronto by US companies that have moved to 深夜福利在线亚洲 to dip into the country鈥檚 talent pool. This easy access to foreign professionals is very tempting to tech companies hurting for new talent.
But why is 深夜福利在线亚洲 the hottest tech sector in North America?
1. Speed of hiring
One way that 深夜福利在线亚洲 has eased its immigration process is through the聽 (GTS), a program designed to fast-track the entry of foreign workers with specialized skills. The biggest advantage of GTS is that work permits can be issued in as little as two weeks for eligible Canadian employers. Unlike the US that uses complicated lottery systems and lengthy waiting periods, a highly skilled foreign worker can get to work in 深夜福利在线亚洲 within 15 days of applying for their work permit.
2. World-class engineering talent聽
According to a聽, Canadian tech talent is strong and continues to grow. From 2014 to 2019, the tech talent pool in Toronto grew by 36.5% and the tech labor market increased by 66,900 jobs, making Toronto home to around 250,000 tech workers. In total across 深夜福利在线亚洲, the tech labor pool is 899,200, with Toronto accounting for a large portion of it and Vancouver, Montreal, and Ottawa rounding out the group.
3. Great engineering schools
Education forms the foundation for the quality of tech labor in 深夜福利在线亚洲. Several of 深夜福利在线亚洲鈥檚 post-secondary schools have been rated among the聽, and the best computer science programs in 深夜福利在线亚洲 can be found at the University of Toronto (which is also the 17th best university in the world), the University of Waterloo, and the University of British Columbia (which is the 31st best university in the world).
These fantastic universities, and others, graduate serious Canadian tech talent that goes on to power successful tech companies. The top five ranked Canadian tech talent cities are also those that produce the highest number of tech graduates. Montreal has three of the top 10 university-level computer science programs and produces the highest volume of tech graduates followed by Toronto, Vancouver, Waterloo Region, and Ottawa.
4. Affordable cost of living
The cost of living in 深夜福利在线亚洲鈥檚 major cities is typically lower than in the US While the United States is much larger than its northern neighbor in terms of GDP, the average income per capita is similar in both places. Americans generally pay more in taxes, but 深夜福利在线亚洲 offers superior social benefits.
For example, the cost of schooling in 深夜福利在线亚洲 is much cheaper. Tuition at top Canadian Universities is聽 than at the best schools in the US In the US, undergraduate tuition, fees, room, and board were estimated to be $17,797 at public institutions and $46,014 at private nonprofit institutions. In 深夜福利在线亚洲, the average annual tuition at a public college in 2021 was $7,938 Canadian dollars or $6113.61 US dollars.
5. Healthcare costs are low
The US has the highest healthcare costs in the world! The average American can expect to spend approximately $10,739 annually on their health. This compares to an annual average of $7,068 for Canadians. Americans basically pay this cost out of their pockets, while Canadian citizens or permanent residents benefit from 深夜福利在线亚洲鈥檚 universal healthcare system. The system is funded through taxes and Canadians don鈥檛 have to pay for most healthcare services.
Have I convinced you that expanding into 深夜福利在线亚洲 is a great move for your US-based tech team? Before you start worrying about the process, reach out to 深夜福利在线亚洲 for help.
Ready to scale your tech team in 深夜福利在线亚洲? 深夜福利在线亚洲 can help
Rather than waiting around to see how hiring tech talent in the US will play out, especially during H-1B cap season, look north. 深夜福利在线亚洲鈥檚 tech sector is hot and experiencing tremendous growth, and it鈥檚 the place you want to be right now.
And you don鈥檛 have to open an office in 深夜福利在线亚洲 either 鈥� hiring workers remotely through a Professional Employer Organization (PEO) like聽深夜福利在线亚洲 means you avoid risks with the CRA and ensure compliance with Canadian employment law.
深夜福利在线亚洲 manages employment contracts, payroll, and benefits operations and ensures your IP is protected while you focus on expanding your talented workforce and moving your company forward.
深夜福利在线亚洲 can also help relocate your existing OPT workers who weren鈥檛 selected in the H-1B lottery, or existing H-1B workers who simply want stability in their life and don鈥檛 want to wait decades for their green card. They鈥檒l continue to work for your US-based company, but remotely, from 深夜福利在线亚洲.
Want to hear more?聽 to chat about your hiring situation. 深夜福利在线亚洲 can help you expand your team with the world鈥檚 most talented technology professionals but without the world鈥檚 most frustrating immigration system.