03 Jun 2019

For many entrepreneurs, building a business from scratch might seem more glamourous, trying to be the next Steve Jobs, rather than taking over an existing business.

But takeovers do have their advantages: employees already in place, established procurement chain, etc. Existing businesses are a springboard to success, the conquest of new markets and modernization, with robotics and the positive effects of the digital shift

Entrepreneurs need to call on their creativity and innovation just as much during a takeover as when they create their own business

Quoted in the Ordre de Ingénieurs du Québec’s Plan magazine, Éric Dufour, Vice-President and National Entrepreneurial Succession Leader, reminds readres of the importance of properly planning a business succession in order to mitigate the financial risks related to a business transfer:

“Having an accounting approach is not enough; a comprehensive business valuation should be carried out. This means a diversified team including an industrial psychologist, a human resource specialist and a management specialist.”

Read the article here (in French).

 

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03 Jun 2019

AURAY Sourcing: A Turnkey Solution for Quebec Businesses to Address the Workforce Shortage Challenges

MONTRÉAL, June 3, 2019AURAY Sourcing, a Raymond Chabot Grant Thornton subsidiary specializing in international recruiting and mobility is offering a new foreign worker recruiting service for Quebec enterprises to help them deal with the workforce shortage issue.

This turnkey service covers all the steps involved in the arrival of immigrant workers: recruiting specialized candidates from around the world and for all industries, selecting candidates based on specified criteria and supporting the selected candidates and businesses during the immigration process, up to and including meeting the temporary workers on arrival and helping them integrate within their professional and social environment. Integration has proven to be the key success factor for immigration and development in Quebec.

AURAY Sourcing President, Marc Audet, said: “Local businesses having difficulty filling vacant positions need to find creative solutions to this problem. The labour issue continues to be a challenge for Quebec SMEs. The war for talent cannot be limited to the regional level since potential employees often come from the same pool and this remains the preferred option for employers. One possible option is to recruit specialized talent outside the country and use temporary immigration to fill key positions. With more than 100,000 jobs to be filled in Quebec alone, growth is being hampered.”

The strength of an international network and unparalleled expertise

The AURAY Sourcing team leverages the expertise and experience of AURAY Capital, the Quebec leader in supporting immigrant investors for 25 years. With more than 25,000 immigration projects to its credit, the expanded team of these two Raymond Chabot Grant Thornton subsidiaries has all the necessary skills to successfully carry out international recruiting initiatives for local businesses.

AURAY Sourcing benefits from an unmatched global network of recruitment partners, a bank of prequalified candidates, as well as a solid understanding of Quebec businesses based on the support of Raymond Chabot Grant Thornton and the countries where it recruits foreign workers.

Hiring foreign resources may seem to be a complex, costly process. However, with the collaboration of experts in the field, it can prove to be a successful solution for business leaders who see it as an investment. This innovative turnkey service is designed to meet the immediate and long-term needs of SMEs in various industries, such as manufacturing, tourism, technology and healthcare.

Canada is an extraordinary host country with an exceptional advantage that can be leveraged to attract foreign talent. AURAY Sourcing has contacts in more than 100 countries and is the only firm in the market with such a comprehensive service offering. It has the ability to work with organizations from start to finish during the recruiting process, as well as being able to provide proximity and the resources and expertise of a major firm to its clients.

A 360o human resources service offering for local businesses

Emilio B. Imbriglio, President and CEO concludes: “With AURAY Sourcing, Quebec employers can now count on Raymond Chabot Grant Thornton to support them through all of the talent recruiting process, whether here or abroad. In a labour shortage context, our integrated recruitment and human resources and management consulting services will make it easier for business leaders by supporting them in all areas from search to recruitment and integration of local or foreign talent.”

About Auray Sourcing

AURAY Sourcing helps Quebec businesses address labour shortage issues with a comprehensive recruiting, talent acquisition, international mobility and integration service offering. AURAY Sourcing is a subsidiary of Raymond Chabot Grant Thornton.

With its team of experts having an average of 25 years of experience in international recruiting and mobility, a global network of immigration consultants and the Grant Thornton global organization present in 135 countries, AURAY Sourcing is able to meet the needs of businesses searching for qualified resources and foreign candidates looking for employment.

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a professional services firm dedicated to the success of organizations and their leaders since 1948. The firm’s advisors are committed to helping clients thrive by obtaining a deep understanding of what is important to them, their business and their industry. This knowledge, combined with a team of motivated and talented professionals, helps accelerate growth. A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,600 professionals, including approximately 200 partners, working in over 100 offices across the province of Quebec and in the Ottawa and Edmundston regions.

Together with Grant Thornton LLP, another Canadian firm, and the Grant Thornton global organization, our global footprint spans across more than 135 countries with over 53,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

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Information:

Francis Letendre
Head – Public Affairs
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
Email: [email protected]

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31 May 2019

Blockchain is being increasingly talked about. While the technology is often associated with cryptocurrencies, it has other uses.

Louis Roy, President of Catallaxy, the Raymond Chabot Grant Thornton subsidiary that specializes in blockchain solutions, spoke about this new technology in two media interviews.

As part of the release of the 500 most important businesses in Quebec in 2019, where Raymond Chabot Grant Thornton ranked 58th, Alain McKenna of Les Affaires wrote an article on large organizations involved in technological innovation.

Louis Roy spoke about the creation of Catallaxy in 2017 and the issues surrounding this new technology. He explained that, among others, “for the firm, Catallaxy is somewhat of a defensive move, but we’re preparing for the future. It’s only a matter of time before our clients will need to have digital assets or crypto funds audited and we are one of the few organizations in Canada with that ability. We’ve also become a blockchain reference centre for other members of the Grant Thornton organization around the world.”

In an interview with Karine Boivin Forcier of Informe Affaires, Louis Roy said: “One innovative aspect of this technology, […] is that it makes it possible to follow digital paths and log this flow without human intervention.” He added that the technology can be applied in several fields, not just the financial sector, such as insurance or large businesses.

He also stated that cryptocurrencies comprise a multitude of risks and that Catallaxy specializes in supporting organizations wishing to explore this avenue.

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31 May 2019

In an interview on TheFutureEconomy.ca, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, spoke about a number of current issues and challenges in Quebec’s economy.

He set out what he considers to be Quebec’s economic strengths and weaknesses. He discussed what he considers to be drawing points for foreign investors interested in Quebec for their projects. He also commented on labour shortages, automation and technological change.

In Mr. Imbriglio’s opinion, it’s important to foster education and he encourages governments to recognize foreign workers’ diplomas and develop a sound education equivalencies system.

Lastly, he provided advice to young entrepreneurs, urging them to make their mark in our economy.

Read the article online to learn more.