Canada is growing into a leading nearshoring destination for US companies looking to fill the talent gap. U.S. Treasury Expects to Borrow $4.5 Trillion in Fiscal Year as Stimulus Spending Soars, companies will have to get creative to effectively manage their restrictive budgets and the tech talent shortage in the country.
Canada boasts a highly educated, skilled, and experienced workforce. As a result, whenever you outsource software development to the neighbor up north, you can count on unparalleled quality.
Canada has a healthy stock of back-end developers, front-end developers, full-stack developers, and web developers. When you consider the standard of living and the quality of life in the region, you can count on lower turnover than what you’ll find in countries like India, Mexico or the Philippines.
Nearshoring is outsourcing of business processes, especially information technology processes, to companies in a nearby country, often sharing a border with the target country. Both parties expect to benefit from one or more of the following dimensions of proximity: geographic, temporal (time zone), cultural, social, economic, political, or historical linkages. https://brickredsys.com/why-near-shoring-to-canada-is-the-new-offshore-for-outsourcing-your-software-development/
With geographic, temporal (time zone), cultural, social, economic advantages Canada also has similarities in law and political stability both Canada and the US share much more than language and culture. Both countries Local and national laws also have a lot in common. This makes it easier to ensure that trade secrets are protected. Political stability will reduce your exposure to risk on long-term projects. It will also help ensure that projects are delivered on time and on budget.
Ever since the USA administration overhauled the H1-B work visa program, Canada quickly became a viable alternative for foreign-born tech talent. Tech companies in the region have long relied on foreign workers to drive the industry forward, and with strong government support, it’s only going to get better.
So, while America might be running out of tech talent, Canada continues to bring them in to augment an already thriving local talent pool. So whenever top tech talent is hard to find, it might serve you well to look north of the border.
When it comes to the academic standards between the two countries, there’s hardly any difference. Some of the leading universities in the world like the University of Toronto are based in Canada and regularly produce STEM graduates.
As the government heavily invests in STEM education, you can also expect a steady stream of tech talent to hit the job market every year.To learn more about nearshoring your next software development project to Canada, contact our team.