Commentary,  Employment & Unemployment,  Wages

Getting Real About Recruitment and Retention in a “Labour Shortage”

Employers complain they can’t find and keep the right people to run their businesses, in this era of supposed labour “shortage”. Have they tried treating them better … starting with paying more? Not always.

Sometimes the simplest answers are the last ones considered. While employers wax eloquent about trying to build a better “culture” in their workplaces, and tap into workers’ desire to “do good” in the world, they shouldn’t forget the imperative that workers have to pay their bills, put a roof over their heads, and (hopefully) prepare for retirement. Improving pay and benefits are the first things employers should do, if they are genuine about addressing their recruitment and retention challenges.

In this recent national webinar hosted by the Globe and Mail, Centre for Future Work Director Jim Stanford challenges corporate leaders to lift their game on compensation, working conditions, and having genuine input in workplace decisions. The panel also featured HR experts from the banking, technology, and wellness industries. Please see the full webinar recording here:

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Jim Stanford is Economist and Director of the Centre for Future Work. He divides his time between Sydney, Australia and Vancouver, Canada. Jim is one of Canada’s best-known economic commentators. He served for over 20 years as Economist and Director of Policy with Unifor, Canada’s largest private-sector trade union.