The many ways newcomers contribute

From: The Toronto Region Immigrant Employment Council (TRIEC)

Image credit: Ani Kolleshi on Unsplash

The Toronto Region Immigrant Employment Council (TRIEC) supports organizations to become more inclusive, and help newcomers expand their professional networks and understand the local labour market.

According to TRIEC, newcomers contribute in many ways.

Replacements for an ageing workforce. Canada’s population is ageing. Population growth is expected to decline to zero and turn negative in less than 20 years.

 Highly educated labour force. Over half of recent immigrants have a bachelor’s degree or higher. Almost 17 per cent of them hold a master’s or doctorate degree.

 Higher economic growth.  Over 5 per cent of all immigrants start their own businesses, which create more jobs and attract trade ties to Canada.

 Innovation. Immigration rates in Canada are linked to greater foreign direct investment (FDI), which in turn increases innovation.

Benefits of an inclusive workforce include a highly skilled talent pool.

Immigration contributes to a more dynamic and skilled workforce. 65 per cent of employers rely on diversity and inclusion initiatives to attract and retain talent from this pool.

Companies with diverse workforces at all levels are 33 per cent more likely to lead in their industry in terms of profit.

  Newcomers help advance diversity and inclusion in the workforce and in the workplace.