Recognition at work and career planning: sources of dissatisfaction
75% of Canadian employees feel secure in their current job, according to a Ceridian study on the state of human capital. However, it shows that employees’ career prospects and recognition of their work are among areas needing improvement by employers. Indeed, 31% of employees express dissatisfaction about their career advancement, up 8% compared to 2011. And 44% say they are dissatisfied or indifferent about recognition of their work. From these results, Ceridian emphasizes that companies have every interest to motivate and involve their employees to win their confidence and therefore productivity.
26% of start-ups consider HRM to be a major problem
A study conducted by PwC with 150 Canadian start-up CEOs reveals that their major concern is human resources management (26%). Retention of talent and the shortage of qualified employee profiles are the main difficulties encountered.
What are the causes of turnover mentioned by employees? The unattractiveness of compensation (26%) and challenges offered (23%). Regarding involuntary departures, 50% of companies mention lack of qualification and 41% poor performance.
According to PwC, bringing about a consideration of HR strategy must focus on the sense of belonging of the company’s staff, the opportunity to express their creativity and establishment of more attractive remuneration.
Close to 11 million jobless young people in OECD countries
The unemployment rate among 15-24 year olds in OECD countries reached 17.1% last March, or 11 million individuals. What countries are most affected? Spain, with 51.5% unemployment among young people. This figure has increased by 34 points since March 2007. This is followed by France, the United Kingdom, Sweden, Poland, Ireland and Italy with a little more than one young person out of five unemployed.
Compared to the unemployment rate of the total population in OECD countries, that for young people is twice as high and three times higher for the countries most affected by the crisis, Spain and Greece. The OECD has recently recommended a list of actions such as investment in education and skills development, implementation of job search assistance programs, enhancing training, etc.
Employees overwhelmingly in favour of flextime during the summer
With temperatures rising, workers would like to swap their office hours for a picnic in the sun. In a recent study from OfficeTeam, flexible hours (44%) and the ability to leave work earlier on Friday (37%) appear to be the most sought-after benefits in the summer. These solutions are far from being widespread among businesses. Out of 150 HR managers surveyed, only 23% of companies offer flexible hours during the summer and 20% of them allow their employees to finish earlier on Friday. HR professionals prefer potlucks or picnics (37%) or even a more relaxed dress code.