In a groundbreaking move, the Canadian government has announced significant adjustments to the Temporary Foreign Worker (TFW) Program, set to impact employers across the nation. The Workforce Solutions Road Map, designed to assist employers during economic shifts, has been extended until August 30, 2024.
Key Highlights:
- Wage Adjustment Authority: Employers are now empowered to review and adjust wages for foreign workers annually, aligning them with prevailing rates. This move aims to ensure fair compensation while addressing labor shortages in specific sectors.
- Extended Program Duration: The TFW Program, a crucial tool for employers facing workforce challenges, has been prolonged to provide stability and support until August 2024.
- LMIA Validity Changes: The Labour Market Impact Assessment (LMIA) validity has been adjusted from 18 to 12 months to better match market needs, offering flexibility for employers.
- Prioritizing Canadian Jobs and Wages: The adjustments underline a commitment to prioritize Canadian employment and wages while addressing the ongoing economic changes and protecting foreign workers.
- System Improvements: Officers overseeing the International Mobility Program now have enhanced tools for comprehensive assessments. These improvements enable a seamless process while ensuring fairness and consistency.
Employers are urged to stay informed and adapt to these changes promptly. The annual wage review, effective January 1, 2024, is a critical aspect that demands immediate attention. Ensuring compliance with these adjustments will not only support the Canadian job market but also contribute to a fair and balanced work environment.
Feel free to reach out to MICS Global and arrange an initial private consultation. During this session, we’ll explore your specific needs in-depth and offer personalized insights to guide you on your journey. We look forward to connecting with you.
