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”The Great Resignation” emerging out of the covid-19 pandemic has been a trending topic in the media over these last few months. A recent Ipsos survey conducted for Randstad Canada reveals how working Canadians in different industries are navigating the current shift and considers how employers can adapt to meet their needs.
While we are observing an increasing number of job vacancies and new policies allowing more flexible work arrangements, employees have taken the driver’s seat. This trend is reflected in Randstad Canada’s most recent survey, where 43% of working Canadians indicate they are likely to look for a new job in the upcoming year. This desire to move on from their current job was even higher among young people: 62% of respondents who intend to change jobs are aged from 18 to 34, compared to 48% in the 35 to 54 age group. Percentages are equally distributed across blue and white collar industries.
While 39% of employers are very confident that the vast majority of their employees will want to continue working for them beyond next year, the overwhelming majority (61%) is anticipating the worst. Notably again, there is no variance in these figures by industry – blue collar and white collar employers show nearly identical levels of confidence in their ability to retain their staff.
When asked to explain why they are so confident that their employees will remain with their workplace, nearly half (48%) of those respondents cite a sense of company pride stating, “we are a great place to work”, and indicate other factors that they perceive as less impactful such as flexible working models (18%), salary and benefits (17%), and hybrid working models (17%).
Employers who are not confident that their staff will remain with them cite the following reasons: other jobs having better salaries/benefits (26%), the competitive job market (23%), the prevalence of freelance work (16%), or the fact that some are choosing to reorient their careers in a new direction (14%).
Given the financial strain that the pandemic has had on many working Canadians, and the long-term shift of work-from-home that many have adapted to, it is not surprising that salary (30%) and a full-time work from home position (24%) are motivating factors for those respondents who say they would leave their jobs if forced to return to the office.
Employers are divided on how they should handle post-pandemic work structures: 40% of the employers who currently have their staff working from home say they intend to have all staff return to the office permanently, while 60% will institute a hybrid working model in the future.
When asking the employees if a return-to-office (RTO) could be a contributing factor for a career change, 53% of those who are currently working remotely say they will be happy to return to the workplace, while 30% say they would be unhappy about it, and 17% state an RTO would lead them to find a new job.
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