Author: Azadeh Haidari-Garmash, RCIC
A fresh analysis from Statistics Canada has illuminated the industries most adept at retaining temporary foreign workers (TFWs) who transition into permanent residency. The report indicates a notable preference for the healthcare and social assistance sectors among these workers.
The research conducted a deep dive into the discrepancies in retention rates among various industries. To provide a clearer understanding, the retention rate represents the percentage of TFWs who continue to work within the same industry after securing their permanent residency (PR).
An in-depth examination of the timeframe from 2011 to 2015 was conducted, revealing the industries that demonstrated the highest success in retaining TFWs once they were granted PR. The sectors leading in this area are outlined in the subsequent sections.
Top Industries with Stellar Retention Rates: A Closer Look
The data revealed significant retention rates of workers in various industries a year after obtaining Permanent Residency (PR) in Canada. Leading the pack, the healthcare and social assistance sector retained 81.4% of its PR workers. The utilities sector closely followed with an 80.3% retention rate. The finance and insurance sector's retention rate stood at 77.1%, while public administration kept 72% of its PR workers. Meanwhile, the retention rates for the transportation and warehousing, manufacturing, and construction sectors were 70.4%, 74%, and 70% respectively.
Unveiling Industries with Canada's Lowest Immigrant Retention Rates
The data reveals the retention rates of immigrant workers in various Canadian industries one year after obtaining their Permanent Residency (PR). The highest retention rate was in the sector of administrative support, waste management, and remediation services with 54.3%. This was closely followed by agriculture, forestry, fishing, and hunting at 52.8%. The real estate, rental, and leasing industry had a 46.2% retention rate, slightly edging out other services at 45.5%. The lowest retention rate was in the management of companies and enterprises, with only 36.7% of workers remaining within the year.
