Talent Development Centre

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The Talent Development Centre includes advice for independent contractors in IT from one of Canada’s top staffing and recruitment agencies. See all posts about IT jobs.

Regional Job Market Update for Toronto

Brendhan Malone By Brendhan Malone,
Vice-President, Central Canada at Eagle

Toronto… The Place to Be for Technology

Toronto, Ontario CanadaToronto has long been recognized as a centre of technology in Canada.  That reputation only grows with each passing month and year.  Toronto is among the best cities in the world to work in technology and there are over half a million working in the technology space in Toronto.  This number is growing fast as is the roughly 25% of those that are self-employed. Plus, a recent study by the Compass Group showed that Toronto’s tech growth is outpacing the rest of the country almost 5-1.

What is responsible for this growth?  It is a number of things and anytime in economics or business that there are numerous factors to growth, that is a very good thing.

Let’s look first at the straw that stirs the drink for Toronto’s Tech sector — our major financial institutions.  The Big 5 are all headquartered in Toronto and in 2018 continue to invest massively in technology.  Cloud computing, security, application development, risk management through technology, customer experience, are all areas that the banks continue to invest in.

The Major Telco’s equally influence the Toronto Technology sector.  The intense competition for customers has led to significant investment in a better customer experience through technology.  This competition also drives investment in the latest network and cellular technologies to bring faster speeds and better experiences for their customers.  2018 has been a huge year for this type of infrastructure investment in Toronto and elsewhere.

The new world business Goliaths such as Google, Facebook, and Twitter have all recently invested money and resourcing in Toronto and continue to grow their presence in 2018.  In today’s world of technology, you can never really be a true world technology hub without their presence.

And let us not forget the importance of a vibrant environment for start-ups.  Uber, Airbnb, Facebook, were all start-ups at one time, making it critical that Toronto maintains a not only viable but an exciting environment for start-ups to take root.  Companies like Top Hat, Bridget, and others are following in the footsteps of more established start-ups like Shop.ca and Fresh Books.  2018 has seen an incredible number of start-ups show us exciting things in Toronto.

The landscape is bright for technology in in Toronto in 2018.  The battle for talent is fierce but it also shows that this is where a huge pool of talent resides.  The healthy mix of factors described above has Toronto in a good place for years to come.  If you are technology professional in Toronto it appears you are in the right place.

IT is No Longer Just About Technology

Brendhan Malone By Brendhan Malone,
Vice-President, Central Canada at Eagle

IT is No Longer Just About TechnologyAs explained in this recent article from Dice, the marketplace for IT contractors and technology employees is changing at a pace similar to that of technology itself. With many of the “heavy lifting” IT jobs having been outsourced either on or off shore, the IT employees or contractors that remain in high demand are those with both technical and business capabilities.

What does this mean?  In order to add the value companies are looking for, prospective employees and independent contractors need to be able to both understand and communicate the business objectives of any IT activity.

The Agile framework is being implemented in more and more large organizations and communication is a pillar of Agile delivery, as all disciplines work together and collaborate throughout the development process.  Agile delivery cannot be successful without all stakeholders clearly understanding the business objectives and able to communicate as such.

Furthermore, the concept of performing a single function on “an island” within an organization has either been outsourced, as mentioned, or become entirely a thing of the past.

How do you as a contractor address these changes?  Firstly, take the time to understand the big picture: What is the overall project objective, not just your piece?  Understand the company you are working for, their history, their results, their major projects and initiatives.

Most consultants today work with one or more staffing agencies.  Hold your recruiter accountable for as much information as possible on each particular job opportunity.  This information will allow you to demonstrate your business capabilities and understanding as well as your valuable technical skills.

Keep up-to-date on the overall technology landscape. If you are in Telecommunications, know what the big 3 Telco’s’ major initiatives are.  If you have focused on the financial sector, know what major initiatives are coming from the big banks.

It is no longer possible to maximize your earnings and potential with technical skills alone.  All aspects of IT and business have become too interdependent.  Businesses rely more and more on technology every day as we know.  With this increased reliance comes a greater need for technology resources to understand business objectives and vice versa.

Ironically, the single most effective way to increase your business knowledge and communication skills… is a good old face to face conversation.