Live~NRGY

Temporary foreign workers are a temporary fix

http://www.theglobeandmail.com/commentary/temporary-foreign-workers-are-a-temporary-fix/article10953744/

Personally, I think the TEMPORARY Moniker is incorrect and totally misleading. You can fool some of the people some of the time, but NOT ALL of the people all of the time.

Canadian Banks are in the unique position of having plenty of cash on hand from their myriad and complex dealings with all types of financial instruments.

To say that outsourcing and temporary workers hired rightfully and legally under the spirit of the law under the guise that the competition is doing it and if they don’t do it they’re toast is NOT the truth.

Cost cutting and the elimination of what is rightfully owed to workers who have given many years of themselves for careers in the banking industry would be closer to the truth.

Yes there are international banking pressures. And yes there are rules to follow, but Financial institutions in Canada have not only proven themselves to be resilient and adapatable in the fact of change, but have also been somewhat of leaders in terms of stability models. All because of government policies. Not the banks who would have come up with Wall Street scenarios to embark on the concept that greed is good to get bigger.

All these changes come at a price for the lowly bank employee who nearing retirement or benefit payouts are shown the door prematurely without collecting $200 once they pass GO on the monopoly board.

If banks and any other corporation wants to hire temp workers and import them, then they have the wherewithal to be able to do so with deep pockets. They see changing times and are getting prepared for it.

It is up to them to run parallel business models and systems of both temp and present employees and GIVING the choice back to those who have toiled so many years loyally in service.

The guise of yanking a system and using outsourcing companies – foreign ones at that is hypocritical. Don’t tell me we in Canada don’t have qualified outsourcing firms that can do the job right.

Nortel Networks used many different hiring models. But one stands out – it did a lot of hiring itself and had a much smaller valuation than Canadian Banks. Where it failed is in management oversight and arrogance.

Last but not least – who’s to say that outsourcing HI TECH to foreign firms doesn’t put Canadian Financial Institutions are dire risk??? With all the lines of software programming code in all SQL transactions, I’m willing to bet that it’s just a matter of time before something ugly rear’s it’s head. Intentionally or otherwise by mistake.

I’m sure the argument once again will be well everyone does it – so what’s the big deal. Well this is Canada and where I live with my 2 kids. Get your acts and asses together is what I’m saying. Once is the heads up, 2nd time it won’t be so.