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NEWS |
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WARNING: Talent “Squeeze” Ahead
2012 Leaves Organizations Grasping for Talent!
The Wynford Group, provider of the Canadian Salary Surveys (IAT), one of Canada’s most comprehensive Compensation Survey and HR Practices Reports, announced the results from their Fall Update Survey of over 350 organizations across Canada conducted in November 2011. Approximately 66.5% of nation-wide participants indicated that they are expecting business growth in 2012, with only 5.3% projecting a decline. The optimism continues with the projected National average base salary increase climbing to 3.23% for 2012, with the highest provincial base salary projections as follows:
· Alberta 3.46% · British Columbia 3.18% · Saskatchewan 3.15%
The industries leading the 2012 projections for base salary increases are:
· Energy Sector 4.10% · Engineering Procurement & Construction 3.96% · Energy Services 3.75%
With Canada’s 2012 economic growth outlook looking bright, many of the critical challenges Human Resource groups are facing relate to talent. From the Wynford 2011 Fall Flash Compensation Survey results, the top three HR challenges were:
Rank HR Issue 1 Attract Top Talent 2 Retain Key Talents 3 Develop/Maintain Competitive Compensation
While past years’ challenges reflecting how organizations adjusted to the economic downturn, the current challenges focus on hiring and retaining employees, as the employment picture brightens, particularly in Western Canada.
The Wynford Group has been closely monitoring trends in Human Capital strategies since 2008. The chart below tracks some of the drastic changes that have occurred since the beginning of the recession in 2008. Key trends include: · The recovery is in full swing with few staff reductions and recruitment now back to normal levels. · Significant increases in the hiring of summer students and training budgets indicates growing skill and talent gaps. · The increases in training budgets and use of retirees indicates a "talent squeeze" between New Hires and the Retirees supported by the increased Human Capital investment in those areas.
Changes in Key Human Capital Strategies in Canada 2008 – 2012
from The Wynford Group Surveys Fall 2011
Don’t get “squeezed out” of the talent game; let us ensure you come out on top!
The Wynford Group conducts the national Canadian Compensation Surveys and Human Capital Benchmark Survey. at www.wynfordgroup.com
Contact – Gail Evans – Wynford Group 1-877-264-5166 or email gevans@wynfordgroup.com
Gail Evans, President of The Wynford Group is very pleased to announce that her long-time friend and colleague, Arden Dalik, has joined the firm as Vice-President. Previously, Arden spent 14 years with Mercer Human Resource Consulting and led their Canadian Performance and Rewards Practice and represented Canada on their North American Rewards Team. After leaving Mercer Arden founded RainTree Consulting. She has more than 20 years experience in management consulting specializing in Executive and Director Compensation, Total Rewards Strategy Design, Incentive Plan Design and Performance Management. Arden’s client experience covers a wide variety of industries working primarily at the senior executive and Board level. Arden is also a highly sought after author and presenter. She has lectured and published across North America on such subjects as Executive Performance Management, Incentive Plan Design, Aligning Rewards with Organization Strategy and HR Committee Governance. Her most recent article, “Do Your Incentive Plans Need Rescuing” (co-authored by Gail Evans), was just published in the Human Resource Institute of Alberta’s “Network” magazine.
Outside of work Arden is involved in many interests. She is a member of the teaching faculty for the Real Estate Investment Network (REIN), is Vice-President of the Jack Long Foundation (for low-cost housing solutions), Past-President of the Calgary Waldorf School Board and a founding member of the Bridging Communities group. She also trains and shows jumping horses and is an avid windsurfer.
Arden can be contacted as follows: To see Arden’s latest article (co-authored by Gail Evans) published in Network Magazine Spring 2009 entitled: “Do Your Incentive Plans Need Rescuing?” please click here |
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2011 Schedule
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2011 Schedule |
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Vancouver - Edmonton - Calgary - Winnipeg - Toronto - Montreal - Los Gatos |
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©MM The Wynford Group, all rights reserved
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