Location: God's own country
Posted on: 13-10-15 05:32:17
Hope CD's remember Sankaracharya /Vandemadaram Sir.
As he was a good friend of mine, I touched base with him.
He lives in the GTA.
He told me that due to low interest rates (and thus mortgage) price of houses have gone through the roof.
He also talked of "Uberization" of jobs where in people are invited to perform specific tasks for specific hours. Thus even full time contract job are hard to find in this economic times.
Murali
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I am a Gents and not a Ladies.
Quote:
Originally posted by tamilkuravan
Hope CD's remember Sankaracharya /Vandemadaram Sir.
He told me that due to low interest rates (and thus mortgage) price of houses have gone through the roof.
He also talked of "Uberization" of jobs where in people are invited to perform specific tasks for specific hours. Thus even full time contract job are hard to find in this economic times.
Murali
Yes, $600k is the new normal for a detached house.
Doesn't matter the Uberization, IT people normally prefer Contractual work due to the higher pay.
I wonder why in Toronto, people are finding hard to find the contract time-bound jobs when it's the biggest economy? Please enlighten.
Quote:
Originally posted by febpreet
Yes, $600k is the new normal for a detached house.
Doesn't matter the Uberization, IT people normally prefer Contractual work due to the higher pay.
I wonder why in Toronto, people are finding hard to find the contract time-bound jobs when it's the biggest economy? Please enlighten.
Toronto also is very competitive market even though the market size is big compared to other cities.
As far as IT goes, some contracts are quite short, like 2-3 months. Then you need enough contracts to keep you busy through the year. It may or may not be the case depending on what you specialize in. To get the contract itself, you have to be an expert in that particular area of IT.
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Quote:
Originally posted by rajcanada
To get the contract itself, you have to be an expert in that particular area of IT.
I don't think so. With companies changing their employment model, and relying heavily upon the contractual Professionals, you no longer need to be an expert. I know many professionals that are not Programmers and don't excel in one particular area, but in 'General Application Support' or 'Analysis' or 'Project Coordinator' roles that are getting contracts left, right, and centre. Some of them are in Toronto area as well.
One of the acquaintance, a Mechanical Engineer switched over to IT by getting PMP, and received a 6 months of contractual position with RBC (Toronto). By his own admission, he doesn't know a jack crap of IT. He struggled but is still able to get the interviews/contracts.
Being a Consultant was a pretty big thing way back when I was in College, not anymore. You can find every IT Tom, Dick, and Harry doing Consulting these days, making $50/hr. on an average while at it.
Location: God's own country
Posted on: 14-10-15 10:43:02
Lol !
We are not talking of IT jobs at all. I know that IT/ Finance is hot in Canada and am not discussing it at all.
What Sankaracharya / Vandematram was telling was that it is so difficult to get continuous jobs for people in professions other than IT/ Finance.
When I came to Canada i n2002, I was sent to factory using a recruitment agency. After trying several recruitment agencies for 6 months, I landed up in a job which was relaively easier and they offered 12 hours shift. My salary then was just min. wage (what the recruitment agency gave me) and I was paid $ 8 for 44 hrs. and $ 12 for 16 hours. After 1 month, my employer offered me a direct job (wages like $ 12 an hour and 1.5 overtime). I refused since I had got my line job at $ 10 an hour.
What Vandematram / Sankaracharya was telling was that those kinds of jobs are no longer available. Agencies try to used different people through agencies.
I was there in Canada in the horrible recession of 2008/09. It was really bad. GTA residents who do labour jobs (new immigrants) should tell me of the current situation.
Murali
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I am a Gents and not a Ladies.
I was expecting manufacturing related jobs to pick up considering CAD USD exchange rate. Don't know what is the reality on ground though.
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Give free food http://www.thehungersite.com ||
Manufacturing jobs have long gone to China and won't come back. Period. Doesn't matter if the CAD is at its lowest ebb or otherwise.
Western and developed economies have to be contented with the Service sector for decades to come and may be forever.
