Retaining older employees who are nearing retirement is a strategic approach to addressing labor shortages. Here’s a guide based on a StatsCan survey and various studies, including solutions to potential barriers: By implementing these strategies, employers can effectively retain older,
December Labour Lowdown: Toronto’s Labour Market is Navigating Economic Uncertainty
As 2024 draws to a close, Toronto’s labour market finds itself at a crossroad. From shifting employment trends to industry-specific challenges and broader geopolitical pressures, the city’s labour market faces uncertainty. Toronto’s employment rate stood at 61.8% in November 2024,
Now More than Ever. Measuring Job Churn.
In Canada’s rapidly evolving economy, measuring job churn—the movement of workers into and out of employment—is essential for understanding labour market dynamics. This is particularly critical in Ontario, the country’s economic powerhouse, where cities like Toronto, Ottawa, London and Hamilton drive
Guide to Best Practices in Diversity & Inclusion: Lessons from Top Canadian Employers
This guide compiles strategies and initiatives employed by leading Canadian companies to foster diversity, equity, and inclusion (DEI) in the workplace. These practices serve as valuable lessons for employers seeking to enhance their DEI efforts. Encouraging Skilled Newcomers BC Hydro
How to Guide: Developing Purpose at Work, a Guide for Employers to Increase Retention
In a tight labor market, fostering a sense of purpose at work can significantly enhance employee retention. This guide outlines steps for employers to develop and integrate purpose into their organizational culture and daily operations. Case Study – USA: This
How to Guide: Understanding & Avoiding Employee Burnout
Employee burnout is a significant concern in the workplace. A 2020 Gallup report titled “Employee Burnout: Causes & Cures” revealed that 76% of employees sometimes experience burnout, with 28% feeling it “often” or “always.” Contrary to popular belief, burnout isn’t
How to Guide: What is Company Culture & Who Creates it?
Understanding Company Culture Definition: Culture is not about the physical office space or mandatory office attendance. It’s about a clear framework of values and intentionality, achievable both remotely and in-person. Authenticity: A healthy culture allows employees to be themselves without
November JobsTO Labour Lowdown
Toronto’s labour market remained in a holding pattern in October with conditions showing little change from earlier this fall. The unemployment rate ticked up marginally to 7.5% but still well below the rates seen during the summer. Over the past
JobsTO Labour Lowdown October
Toronto’s Labour Market Brightens on Good Economic News After months of a sluggish job market in Toronto and across the rest of the country, September’s labour market exceeded economists’ expectations, with the economy adding more than twice as many jobs
Tips: Resettling Refugees & Newcomers and Incorporating them into the Workforce
In the context of a tight labor market and labor shortages, resettling refugees and newcomers can be a strategic approach for employers.