Businesses in the Interior of British Columbia will soon be facing a range of people challenges. The economic recovery is still in its early stages and many are still concerned about the immediate future. However, given the nature of the challenges that are coming, it is never too early to start preparing to meet them.
Tag: "total compensation"
With the downturn in the economy, organizations around the world are becoming more and more concerned about the impact on their business. In response to the downturn, organizations are cutting costs and reconsidering the value and expense of many programs, including their staffing levels and cost of their reward programs. As organizations review these programs […]
A new study finds young workers realistic, loyal but seeking recognition. Young Canadians express a sense of commitment to their employers; seek entry-level positions or paid internships; and, will readily perform administrative duties, according to a national survey by Angus Reid Strategies, sponsored by Career Edge Organization, a national not-for profit organization that helps Canadian employers gain access to and leverage untapped talent. These young people also expect to be recognized and rewarded for their work.
Is the war for talent over?
With the latest economic crisis, rapid rise in unemployment and stable/stagnating business prospects, the predictions of dire people shortages seem over blown. While certain sectors and certain roles are undoubtedly feeling the challenges of finding the right people at the right price, the mass shortage of people that was being forecast has abated. However, that does not mean that the talent challenge has gone off the agenda. Far from it as the talent challenge has taken an even more complex turn.
A recent study from Statistics Canada looks at the Earnings of women with and without children, to determine the causes and degrees of a significant difference in wages between the two groups. What the study finds is that the gap is real, but it is not simply a result of direct employment discrimination based on motherhood or pregnancy.
Engaged employees are the key to an organization’s ability to grow and prosper. This is particularly so in today’s economy, where attraction and retention of experienced employees can make the difference between success and failure. But, employee engagement is a two-way relationship: employees have a choice about the level of engagement to offer their employer, and organizations must work to engage their employees by understanding what drives engagement. Ongoing research has identified five key factors that drive engagement: