Canada is allocating up to $10 million within its Foreign Credential Recognition Program (FCR) for 15 projects to help internationally trained newcomers find jobs in their profession.
Foreign Credential Recognition evaluates the education and job experience acquired in another country are similar to the standards established for Canadian workers.
Each project will receive a maximum of $800,000 and that money should fast-track the foreign credential process, as well as provide employment opportunities for highly skilled newcomers.
It’s no wonder that the Government of Canada is taking on this action because the country needs highly skilled workers to maintain its economic growth and competitiveness, and to move forward innovation in the knowledge-based economy. As a result of the swift demographic and technological alterations, both Canadian companies and workers face the problem of skills and labor shortages.
To address this issue, the FCR program will facilitate a more transparent process for skilled immigrants in listed occupations in the Canadian labor market. Currently, the focus is made on bringing in engineers and physicians, which are in great demand. For example, both federal and provincial representatives are collaborating with main medical community stakeholders to facilitate procedures for licensing foreign-trained doctors, nurses, medical laboratory technologists, etc.
In fact, Canada’s economy will suffer serious fallback without immigrants. Recent studies have revealed that immigration will account for all net workforce within the next 10 to 15 years, and all net population growth in the next 30 years. However, some immigrants can’t work in their profession because their qualifications are not recognized. Therefore, the FCR program should solve this problem.
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According to Employment and Social Development Canada, the government will be expecting innovative concepts from stakeholders that face hurdles to the integration of highly skilled newcomers into the Canadian labor market.
Canada’s Minister of Employment, Workforce Development and Labor, Patty Hajdu, noted that this initiative will allow new immigrants to become part of the Canadian workforce faster.
This call for concepts will serve a good deal as it will provide more newcomers with “a fair chance at success in Canada”.
The ESDC said the call for concepts is available to regulatory bodies, professional associations, and unions engaged in foreign credential recognition and the integration of highly skilled newcomers into the job market.
Participants must submit their concepts by April 11, 2019. Selected applicants will then be invited to develop and submit a full project proposal.
The FCR program collaborates with Canada’s provinces and territories and stakeholders such as non-profit organizations, regulatory agencies, universities/colleges, and different companies to finance and fulfill programs meant to expedite the evaluation and recognition of professional credentials received abroad so skilled immigrants can find suitable employment in a short period.
With the new FCR system, immigrants will be able to use their skills and talents for the wellbeing of Canada. This means they will integrate more fully in the Canadian labor market. Similarly, employers will be able to attract skills and expertise to Canadians and the Canadian labor market.