Canadian employers continue to be challenged in keeping and finding key talents
While organizations that operate in Canada fare better than companies in other countries in retaining and attracting employees, still one in four (26%) Canadian employees reports being likely to leave their employer within the next two years.
Like their counterparts in the rest of the world, Canadian employers continue to grapple with the challenge of retaining and attracting valuable employees. The results of recent, comprehensive employer and employee surveys conducted by Willis Towers Watson, a leading global advisory, broking and solutions company, show that half of employers have trouble attracting employees in key workforce segments.
The accelerated pace of innovation, shifting demographics and increasing demands for transparency are contributing to profound workplace shifts. Even as these changes are reshaping the workplace, employees in Canada remain focused on the fundamentals such as fair and competitive base pay, opportunities for advancement and job security when deciding to leave or join an organization.
While employees cite job security among the top three reasons for why they join or leave a company, employers ranked job security as the ninth reason for employees to join a company and as the eighth reason for leaving it.
“Given today’s shifting workplace and how technology is disrupting jobs and labor markets, the need for employers to successfully retain and attract the best employees has never been greater” says Sandra McLellan, North American Rewards Practice Leader at Willis Towers Watson. “As top performers and high-potential employees are very well informed and are in high demand, it is imperative for employers to understand them and adapt their programs accordingly in order to compete for the best employees on the market.”