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A new survey by ADP Canada, conducted with Maru Public Opinion, reveals many working Canadians took a chance on a new career opportunity in recent months. According to the survey, nearly a quarter (24%) of respondents indicated they were new to their current role or position.
Compensation and flexibility are paramount to employee retention
The survey highlights compensation, flexibility and job satisfaction as key factors in retaining employees. In a tight talent market, employers who proactively evaluate their retention strategies may have the opportunity to outpace their competitors to attract and retain top talent. While workplace flexibility has remained a core priority for Canadians, 88 percent of Canadian workers who are considering changing jobs in the next six months reported compensation as their most important determinant, according to the survey. As market conditions evolve, it will be important for employers to revisit compensation models to ensure they remain competitive.
Job satisfaction is high, and it’s up to employers to keep it that way
According to the survey, Canadian workers appear to be satisfied with their job and workplace environment. When asked why they would stay in their current positions, 93 percent of respondents said they are happy in their current role, and nine in ten indicated they are satisfied with their workplace environment. To retain the best talent, it is important for employers to track the various factors that may impact overall job satisfaction. This can be achieved by collecting regular feedback through anonymous surveys and by creating a regular cadence of check-ins to identify current priorities, concerns, and needs.
Read the full report here.
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