You'll want to check document out. Especially page 11, where it says the point is to help new immigrants by:
Initial hires: Employers would collaborate with third parties, such as employment agencies, to prepare and match newcomers with job opportunities to increase hiring of newcomers by small and-medium sized firms.
and
Job laddering: Employers would facilitate work-related learning opportunities for newcomers in their employ to be “laddered” into higher-skilled jobs, turning their entry-level positions into launch pads for career paths.
How will they do this? Here's how:
Under the Social Impact Bond model, the government and employers, with input from stakeholders including job agencies, would first agree on the specifics of what a successful outcome for an “initial hire” or “job laddering” would look like. A monetary value would be assigned to each outcome, to be paid to the employer on completion, and a third-party evaluator would monitor the number of successful outcomes.
In other words, they'll use taxpayers money to give companies payment (social impact bond model) to hire immigrants over actual Canadian citizens.
(post is archived)