THe Business case
A Return on Investment, beyond just Dollars and Cents
Seeing the potential of Newcomer Youth is an opportunity for employers who are looking to address pressing labour market shortfalls in the coming years. Here is what you need to know to make informed choices and better engage the right talent to support your business success.
Part of a generation that tends to be entrepreneurial and innovative in its thinking.
Pursue post secondary education at higher rates than Canadian born youth.
At a development phase that makes them naturally more flexible in the face of change, including adapting more quickly to technological advancements.
Come from a broad range of backgrounds, can engage with a diversity of cultures and are often bilingual/multilingual.
Make up a significant proportion of Toronto's youth, are available and looking to join the workforce right now.
Sector Workforce Projections
Will you have enough workers to meet industry growth?
2010 to 20355:
- Tourism goods and services spending is expected to grow from $167 billion to over $287 billion.
- There will be an increase from 1.6 to 2.29 million jobs in the sector.
- Leading to an overall increase of 41% in labour demand.
- Yet supply is expected to grow by only 25%.
- The result: 240,000 sector jobs are projected to go unfilled.
Youth: typically defined as someone who is between 15 and 34 years of age.
2009 to 20366:
- Canada’s working age population will drop from 69% to 60% as our retirement rates exceed historical trends.
- The number of seniors will grow to almost ¼ of the population, over twice what it was in 2009.
- The main source of population growth will be immigration – a historically high-performing workforce.
An Immigration Snapshot
Approximately 1 in 5 Canadians are immigrants (7.5 million)
16% are recent immigrants (1.2 million)
Approximately 25% of Canada’s population are youth
Almost 50% (46.1%) of the population are immigrants [compared to approximately 20% (21.9%) across the rest of Canada]
17.5% of all recent immigrants live in Toronto, more than any other city in Canada
76% of Toronto’s youth are immigrants or are the child of an immigrant22
The Immigrant Youth Talent Pool
Of the three largest metropolitan areas in Canada, Toronto is home to the largest percentage of immigrants - slightly more than Vancouver and significantly more than Montreal or Canada as a whole. In fact, 76% of Toronto’s youth are immigrants or are the child of an immigrant.17
As Canada continues to lead top world tourist destinations, labour force issues can impact your Hospitality and Food Services business.
What can be done to offset staffing shortfalls in your establishment?
Business Case 1
Newcomer Youth are Toronto’s largest talent pool. So get ahead of the competition and engage their talent in your success!
In turning your focus to hiring young talent in Ontario, you may be surprised to learn that youth hires are likely to be immigrants. That’s right, 3 out of every 4 young jobseekers in Toronto are immigrants (or are the child of an immigrant) and this population will continue to be a vital source of talent for your future workforce7. It makes good business sense to understand what these newcomer youth need in order to succeed in your establishment. Be prepared - learn more about how to attract and retain Newcomer Youth to help your hospitality or food services business thrive!
Business Case 2
Ready and Willing: Get them working!
Did you know Toronto’s Newcomer Youth unemployment rate is higher (31% for ages 15-19 and 21% for ages 20-24) than the city’s overall youth unemployment rate (18%)8? This means that Toronto's Refugee and New Immigrant Youth represent an underutilized workforce, ready and willing to meet your labour needs. Right now thousands of Newcomer Youth are looking for the opportunity to join the workforce and thrive in their new communities.
Business Case 3
Sharpen your business edge with Refugee and Immigrant Youth in the mix
Immigrant and Refugee Youth are part of a new generation of workers who are more educated and sophisticated than ever9. These youths can engage and collaborate with relative ease, handle large amounts of information and adapt well to technological change. They can bring entrepreneurial and innovative thinking to your team and create exciting new opportunities for business growth. Like other youth, they are on top of the latest trends, they know what’s new and what’s getting people’s attention. With this amazing combination of talents, imagine how Newcomer Youth can enhance your business!
Business Case 4
Hire Newcomer Youth and scoop up new followers
Refugee and New Immigrant Youth, like other youth, are the most “virtually” connected group in today’s entire workforce10. They use social media to post, tag, like, comment, and share their interests, hobbies and lifestyle including their work, at unprecedented rates across extensive virtual social networks. When employees share positive experiences online, they help you build your profile and broaden your reach.
Business Case 5
Serve up diversity when you hire Newcomer Youth
Refugee and New Immigrant Youth bring a cross-section of experiences and knowledge that reflect the cultural bounty within our country. A diversity of experiences and perspectives within your talent pool contributes to innovation, supports agility and can be more reflective of and responsive to the variety of consumers served by your establishment. By intentionally building a more inclusive workplace you are investing in the quality of guest engagement, the resilience of you business strategies and growth.