The talent pool is seen as neither wide nor deep.
While talent is less of an issue with MNEs, experienced and networked talent is seen as lacking in Canada and a number of CEOs talked about the value to an MNE of people who have worked in a number of countries, have exposure to new and different ways of thinking and doing things (Reference is from OBIO’s latest report “How Canada Should be Engaging in a $9 Trillion Dollar Health Economy” www.obio.ca)
SMEs reported more challenges with finding and retaining the human resources they need. Barriers that were mentioned include Canadian immigration policies, competition from jurisdictions with better financing, less risky companies, lack of incentives and security for employees to join and stay in the industry and lack of support for companies to create jobs and build an experienced workforce.
The report recommends, talent attraction and retention policies or programs to eliminate barriers to immigration and provide direct funding or tax relief for companies to competitively develop experienced personnel.