tag:blogger.com,1999:blog-5465015914589377788.post3412402697250503903..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: RBC Outsourcing of Temporary Foreign WorkersMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5465015914589377788.post-62716598819409380072013-04-11T07:51:22.572-04:002013-04-11T07:51:22.572-04:00@Fernando: Whether or not the legislation permits...@Fernando: Whether or not the legislation permits what RBC wants to do depends on whether the worker skills required are genuinely unavailable in Canada.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-44612117180101168282013-04-11T07:48:38.111-04:002013-04-11T07:48:38.111-04:00@Paul: I see outsourcing to another country as ve...@Paul: I see outsourcing to another country as verydifferent from bringing foreign workers in to work in Canada.<br /><br />@Anonymous: My email address is on the contact page. However, I prefer to interact with readers through comments.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-35703734158710897292013-04-10T23:18:48.442-04:002013-04-10T23:18:48.442-04:00Michael, I cliked on ur "contact" site b...Michael, I cliked on ur "contact" site but cud not find where to clik to send u an email. Also ur site that states "get free report" for the 9 best stocks sends me to JOIN some entity first. Is this what u intended re the above? ThxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-10501411428113705982013-04-10T11:20:06.457-04:002013-04-10T11:20:06.457-04:00I am puzzled to be in the minority in this one, th...I am puzzled to be in the minority in this one, thinking that what RBC is doing through iGate is no different than many, many other large companies that outsource to different parts of the world.<br /><br />As for the workers being here, I was under the impression that they're in Canada for a short period while learning the new functions and then returning to India.<br /><br />Minister Finley can claim this is 'unacceptable' all she wants, but if the legislation permits it, do we want government dictating contract terms between private entities (shades of Flaherty's mortgage complaints)...<br /><br />And it seems the market is correcting as expected: the negative publicity this generated will likely cause losses that will offset any gains from the outsourcing. Management should take this into account next time the idea comes up. If they mess it up enough share price gets driven down, etc...<br />Anonymoushttps://www.blogger.com/profile/13692259403489890253noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-83710660001416376032013-04-10T10:05:54.566-04:002013-04-10T10:05:54.566-04:00Here is my comment more so about outsourcing.
I h...Here is my comment more so about outsourcing.<br /><br />I have a bell home phone. When I call for support it's routed to the Phillipines. The service is fine, they even have training there to mimic local accent's in their speech to make the call more "local" sounding. No problem to this point.<br /><br />My question is wouldn't we all benefit more by keeping these low to mid level paying jobs in Canada? You have an employee maybe paid around 30 or 40 K so he/she will be taxed via their payroll dept., then everything they buy in Canada of course is taxed again. In turn our "system" generates more "moving" money here. Once the job and the money leave our shores that revenue vanishes with it. Less purchasing here. It's like we are shooting ourselves in the foot to get a short term increase in profits at companies that have 1b$ quarters that want to squeeze out an extra little bit of profit. To me that is a shortsighted approach.<br /><br />The more people with money in their pockets here means they will buy more things, more houses, more cars. You would think that benefit would then eventually go back even to the banks, the telco's, and all the other companies that use call centers out of Canada in increased sales of their product or service in the future. <br /><br />This just makes sense to me.paulhttps://www.blogger.com/profile/00050081178673700867noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-65577045174342531672013-04-09T16:19:03.824-04:002013-04-09T16:19:03.824-04:00@Anatoli: I get tired of debates about whether th...@Anatoli: I get tired of debates about whether the left or right is to blame for problems. I find lots to like and dislike with both the Conservatives and Liberals. My main concern is that we should stop companies from abusing temporary foreign worker rules as a way to reduce wages of qualified Canadians who want the jobs.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-76885295440039294222013-04-09T16:14:28.924-04:002013-04-09T16:14:28.924-04:00A number of foreign workers brought into Canada on...A number of foreign workers brought into Canada on temporary work visas has grown up tremendously due to the changes brought in by the Cons and during their term. Amazingly, government funded CBC radio has somehow managed to link this trend to corporate tax reductions introduced by Liberals. Or should this not be amusing any more? AnatoliNhttps://www.blogger.com/profile/07937984526970646627noreply@blogger.com