In today's increasingly interconnected world, businesses are no longer bound by geographic limitations when it comes to talent acquisition. Canada's Global Talent Stream (GTS) is a beacon of opportunity for companies looking to tap into a skilled workforce that transcends borders. This innovative program, administered by the Canadian government, opens doors for businesses to access top-tier international talent quickly and efficiently. In this blog post, we delve into the details of the Global Talent Stream and explore how it can be a game-changer for your business's growth and success.
What is the Global Talent Stream?
The Global Talent Stream is a component of Canada's Temporary Foreign Worker Program, designed to expedite the hiring of foreign talent for highly skilled occupations in demand within the country. Launched in 2017, the GTS was created to address the shortage of skilled professionals in certain industries while helping Canadian companies compete globally by accessing a diverse pool of specialized expertise.
Key Benefits for Businesses
Expedited Processing: Traditional work permit applications can be time-consuming and cumbersome. The GTS offers expedited processing times, often within two weeks, allowing businesses to swiftly onboard talented individuals.
Access to Global Expertise: The GTS provides an avenue to recruit top talent worldwide. Whether you need software developers, engineers, data scientists, or other skilled professionals, this stream opens the door to a diverse range of expertise.
Labour Market Impact Assessment (LMIA) Exemption: Normally, Canadian employers are required to obtain an LMIA to hire foreign workers, which involves demonstrating that there are no available Canadian citizens or permanent residents available for the job. The GTS exempts employers from this requirement, streamlining the hiring process significantly.
Global Network Building: Businesses can establish connections with international professionals and foster global networks by participating in the GTS. This enriches the company's workforce and brings fresh perspectives and innovative ideas to the table.