OTTAWA, Dec. 16, 2013 /CNW/ - BioTalent Canada announced today that due
to the high demand for skills in Canada's bio-economy, they have
successfully placed over 125 young people in new biotech jobs. This
influx of new talent and fresh minds is thanks in part to the federal
Career Focus program, funded by the Youth Employment Strategy (YES) of
Employment and Social Development Canada.
Career Focus subsidizes the salaries of new graduates, aged 15-30 who
obtain new jobs in Canadian Biotechnology companies. Several months
ago, the federal government awarded BioTalent Canada $1.5Million for
the program for 2013-2014. Due to the popularity of the program and the
high demand for skills in the sector, 100% of the funds have already
"This is by far our most successful program and we have never seen
higher demand for it," said Rob Henderson, President & CEO of BioTalent
Canada. "Our 2013 Labour Market Research indicates the greatest
business challenges for biotech firms are raising capital and obtaining
skilled labour. The federal government, through the Career Focus
program, is addressing both those needs in a way to which the
Bio-economy has strongly responded."
BioTalent Canada's 2013 Labour Market Study "Sequencing the Data" indicates 80% of the companies in Canada's bio-economy have less than
50 employees and 50% of the companies have less than 10 employees.
"These companies have little to no HR departments, and many have
indicated they have vacant positions because they lack the skills and
capital to fill them," said Rob Henderson.
"The Career Focus program has allowed us to hire 3 individuals," said
Derek Glennie, VP Engineering of Spartan Bioscience, an Ottawa Biotech
company focused on DNA testing. "We've brought on key talent to help us
in our final push to get FDA clearance for our new DNA testing
platform. As a start-up company, every penny counts and these types of
initiatives really help."
The 2013-2014 Career Focus program has allowed BioTalent Canada to place
125 young people in new jobs in biotech firms across Canada. This is
done through a system whereby employer contributions to salaries are
matched dollar for dollar to a maximum of $20,000 for initial
placements for up to one year.
"Canadian pharmaceutical companies depend upon talented and skilled
researchers to continue developing new and better medicines and
vaccines," said Russell Williams, President of Rx&D, Canada's
Research-Based Pharmaceutical Companies. "Programs like Career Focus
provide a welcomed solution for companies requiring additional capital
to foster their scientific innovation."
BioTalent Canada has been participating in the Career Focus program
since before 2006. BioTalent Canada's success in starting over 390
young people in new biotech careers since 2005 led to a mention in the
2013 Federal Budget.
About Career Focus
The Career Focus Program is a wage subsidy program for bio-economy
employers to hire the talent they need and for recent graduates to gain
the work experience they require - by subsidizing the salary of a
recent graduate. For more information on how this program has impacted
Canada's bio-economy visit www.biotalent.ca/success. For the full Spartan BioScience interview visit http://www.youtube.com/watch?v=U0Qq4YVZ0z8.
Funded in part by the Government of Canada's Youth Career Focus Program.
About BioTalent Canada:
BioTalent Canada is the HR partner of Canada's bio-economy. As an HR expert and national
non-profit organization, BioTalent Canada focuses on building
partnerships and skills for Canada's bio-economy to ensure the industry
has access to job-ready people. Through projects, research and product
development BioTalent Canada connects employers with job seekers,
delivers human resource information and skills development tools so the
industry can focus on strengthening Canada's biotech business. For more
information please visit www.biotalent.ca.
Image with caption: "Derek Glennie, VP Engineering Spartan BioScience, Career Focus Wage Subsidy Program Employer. (CNW Group/BioTalent Canada)". Image available at: http://photos.newswire.ca/images/download/20131216_C4519_PHOTO_EN_34962.jpg
SOURCE: BioTalent Canada
For further information:
Director, Marketing and Communications
613-235-1402 ext. 229