Canadian Employers Worry about Scarcity of Talent
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Canadian Employers Worry about Scarcity of Talent
TORONTO, ON, February 7, 2012 – Shortage of talent at all levels is the most pressing human resource challenge Canadian organizations expect to face in 2012, according to a survey by Right Management, the talent and career management experts within ManpowerGroup.
Thirty-four percent of respondents cited their organization’s shortage of talent at all levels, while 24% indicated low engagement and lagging productivity.
Right Management surveyed senior executives at nearly 200 firms across Canada representing government, non-profit, public and private organizations.
Survey respondents were asked what they expect to be their organization’s most pressing HR challenge in 2012:
| Canada |
Shortage of talent at all levels | 34% |
Low engagement and lagging productivity | 24% |
Lack of high-potential leaders in the organization | 23% |
Loss of top talent to other organizations | 20% |
“After three years of organizational contraction and less internal investment companies are taking a hard look at their onboard talent and aren’t pleased with what they find,” said Michael Haid, Senior Vice President of Talent Management for Right Management. “Lean times make it hard for organizations seeking to recruit, retain or develop future leaders. And they’re keenly aware of the tough competitive environment they’re in and the need to hold onto and build leadership.”
Defection of top talent is also a ranking concern of many employers but less of a concern than it was a year ago, observed Haid. “While defection to competitors is a worry, more and more organizations have to deal not only with the current lack of leadership bench strength, but also an increasingly disengaged workforce…if our survey trends are any indicator. This is the kind of concern that HR people lose sleep over.”
Right Management conducted the online survey between November and December 2011. Participating were 182 Canadian senior executives and HR professionals.
About Right Management
Right Management is a global leader in talent and career management workforce solutions within ManpowerGroup. The firm designs and delivers solutions to align talent strategy with business strategy. Expertise spans Talent Assessment, Leader Development, Organizational Effectiveness, Employee Engagement, and Workforce Transition and Outplacement. With offices in over 50 countries, Right Management partners with companies of all sizes – including more than 80% of the Fortune 500 – to help grow and engage their talent, increase productivity and optimize business performance.
Media Contact: Shari Fryer, shari@fryerassociates.com, 970-846-6607
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