TORONTO—Following on the heels on a new skills training program unveiled in the 2013 federal budget, a new study says Canadian businesses think new hires need significant training.
The BMO study found that 38 per cent of small businesses say new hires require basic training, while another 22 per cent say those hires require significant training.
According to BMO, the need for training for new hires is most prevalent among large corporations, where approximately 75 per cent of respondents say new hires need training.
The Canada Job Grant could provide $15,000 or more per person for skills training.
Up to $5,000 would be provided by the federal government, which would have to be matched by the province/territory and the employer.
“This step addresses what is considered a significant employment and economic issue comes at a good time for many Canadians seeking work and the employers looking to attain talent and bolster productivity and profitability,” BMO senior vice-president of commercial banking Steve Murphy said in a statement.
“The measures in budget 2013 will have a positive impact on the health and long-term stability of Canada’s workforce.”