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Brain Gain: The Economic Benefits of Recognizing Learning and Learning Credentials in Canada *


THINKING ABOUT THE BRAIN DRAIN AND SKILLS SHORTAGES?

If you are asking yourself if we are adequately benefiting from all the knowledge and skills possessed by people in our society, this report will be of interest to you. The central focus of this report is to explore two main questions:

  • What economic costs, if any, do we as individuals, as employers, and ultimately, as a society, bear when we fail to fully recognize people's learning and learning credentials?
  • Is there a learning recognition gap in Canada today? If so, what is it costing Canada?


Key highlights include:

 
  • Eliminating the learning recognition gap in Canada would give Canadians an additional $4.1 billion - $5.9 billion in income annually.
  • Three groups stand to gain the most: immigrants, people with prior learning gained through work and training, and transferees between post-secondary institutions or, in the case of licensed occupations, between provinces.
  • An improved system for recognizing the learning of immigrants would offset the brain drain.
 


See: http://www.conferenceboard.ca/press/documents/Brain_Gain_Detailed_Findings.pdf

* This research project was undertaken with financial support from the following organizations: Learning and Literacy Directorate, Human Resources Development Canada, Ontario Ministry of Training, Colleges and Universities and Saskatchewan Learning (formerly Saskatchewan Post-Secondary Education and Skills Training).