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Wednesday, January 18, 2012

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Private companies should be hiring and training staff as demand dictates and the need for government funding only raises concerns about the companies viability.

We need to move away from a system of government dependence and build some fantastic profitable companies located here in Nova Scotia that do business globally. Many already manage to succeed globally and we need more.

Like I said previously, Companies need to invest in their own future.

Ashley:

I would like to quote the CBC article that states "Among students looking for summer jobs, 19.2 per cent were unemployed this summer. And even for those who were lucky enough to find work, the average number of work hours of 23.4 per week was the lowest in more than 30 years."

Source: https://www.huffingtonpost.ca/2011/08/23/youth-unemployment-canada_n_933810.html#s330326&title=Youth_Unemployment_In

“Employment among youths aged 15 to 24 declined for the third consecutive month, down 17,000 in December. With this decline, youth employment was 12,000 below its level of 12 months earlier (-0.5%).”

Source: https://www.statcan.gc.ca/subjects-sujets/labour-travail/lfs-epa/lfs-epa-eng.htm

The problem is employers are now forced to hire anyone with an education related to the field to fill positions due to the increased demand for talent and lack of supply.

In Nova Scotia, employers continue to ask for 2-5 years of experience in order to apply for a position due to limited resources available to train new employees/graduates/international students.

We must make room for Nova Scotians today to help grow our economy.

We must put an end and start training our future leaders today and I believe government could help this with incentives.

Peter:

Yes, our region needs people due to our continued declining population and we need them now.

I agree with you that we can’t rely on government for every aspect of our life nor should we. I agree that the private sector is already hiring in other parts of Canada new graduates and youth employees due to the lack of supply of more trained individuals.

Many of my students at SMU and friends had to leave the province due to the limited experience they had, however, every one of them had 10-15 interviews but no job offer.

Adding incentives to employers to accept a cash-reward/tax credit is an easy method to allow for the employer to accept that our people (Tax dollars) are willing to invest in the future of our kids.

Training them is one of the most important items we must focus on. Education is paid by tax payers but some people decided to send their kids to private schools.

A $5,000 investment to train new graduates or international students will increase the probability of having these individuals continue to call the employer’s location home and it also provides the employee to accept a bit more risk than they did otherwise.

If we do the math, the higher salary of the trained employee will pay back the tax credit within the first 12 month of full employment.

SimplyCast uses a program that is provided by Economic Development to help subsidize Coop student employment. The success of this program is enormous to our region and let me give you an example.

SimplyCast's 25+ staff were at one point in time co-op students, anyone that we have not hired was hired upon graduation in NS due to the confidence and experience they gain while attending our rigorous training program.

I am very proud of the amount of time we have spent training new graduates (whether they remain at SimplyCast or not) and I am also very happy to see those bright minds living in Nova Scotia and adding to our economy.

If anyone wants to see for themselves and put faces to these claims, I invite you to stop by our office and hear all the stories and positive experiences from the youth of our region and province.

While I agree we need to keep young people here, I disagree that we need to subsidize this. Companies should be investing in their own future and not relying on the government. It is part of the cost of doing business.

We need to get back to doing business, creating long term viable companies that can grow and sustain themselves without government intervention.

Companies need to invest in their own future.

That's a great idea- to offer incentives to hire new grads.

I have one concern with your statement, "We, as a nation, have a major crisis brewing in our system as the future leaders of tomorrow are sitting idle and not gaining the required experience to begin the succession planning required for our private and public organizations."

What does this mean? I am a future leader and I am certainly not sitting idle, nor are many other youth. This is an unfair statement to make without being more specific. Are you referring to children of today or 20 somethings?

I agree with the author that in our region, we absolutely need more job and career opportunities for both new and recent graduates (as well as for new Canadians). Without these opportunities, our working population (and in turn our economic opportunities) will decline dramatically as the demographics change.

But I disagree that tax dollars should be used as a means of encouraging employers to hire these recent grads.

In other regions of the country, employers are doing this already. They're not looking for government to fund their investment in their future workforce. They're doing it because they need to ... hiring the next crop of young talent is just another day in business. And this is why many young people are still flocking out of the region to Ontario, or to Alberta. It's not the lack of the right government program. It's the fact that too many of our employers haven't yet begun to think of hiring recent grads, and investing in their training and development, as a natural and normal part of business. And until this happens, young people will still be successfully courted by companies in Toronto, Calgary and elsewhere, who are willing to hire them, willing to train them, willing to invest in their future, and willing to show them an exciting and rewarding career path - with real opportunities for growth and progression.

If businesses here *really* believe that government needs to do something, however, I'd like to suggest a compromise. I could get behind a program that reimbursed employers for training they invested in after they hire a new grad. Hire a new grad. Train them on the job. Then send them to NSCC or one of the universities for some additional professional development in their first few years post-grad - and pay for it - then get a credit against that investment.

A program like this would encourage employers to do what (frankly) they should be doing anyway. But more importantly, we would also be creating a legacy of better-trained people. That investment in education would pay dividends as those people continue to contribute to the economy.

If we're going to invest tax dollars, let's do it in a way that provides a real return on that investment. Not just by giving businesses money for what they should be doing anyway.

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