REPEAT: BMO's Annual Outlook for Workforce Hiring and Training-Employers More Optimistic Than Canadians for 2012
- Fewer than 20 per cent of Canadians believe employers will invest in training and development-down from 33 per cent in 2010. - Only 17 per cent think employers will hire new talent in 2012 compared to almost 30 per cent last year. - Canadians expectations for workforce investments are significantly lower than employers' stated intentions for the New Year.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/03/12 -- A new study from BMO Bank of Montreal reveals that Canadians are less optimistic than they were this time last year about employers' investments in the workplace. The results stand in contrast to a more optimistic view from Canadian businesses.
Last year, 33 per cent of the Canadian workforce expected employee training and development programs to be offered by their employer. When asked about their expectations for 2012, only 18 per cent of Canadians anticipate their employer will invest in such programs. Furthermore, the study also found that only 17 per cent of Canadians believe that employers will do more hiring, compared to 29 per cent for 2011. Similarly, lower employee expectations exist for investments by employers in new equipment (29 per cent vs. 20 per cent this year).
Regionally, Albertans are the most likely to say that their employer will be hiring more people in the coming year (32 per cent ), and are among the most likely to say that they will be purchasing new equipment (31 per cent).
Employee Expectations for 2012 - Regional
"A general sense of economic uncertainty may be reflected in employees' expectations for 2012 when compared to a more cautious optimism at the beginning of last year," said Cathy Pin, Vice-President, BMO Commercial Banking. "Canadians likely expect that the current economic conditions will have a measurable impact this year on the investments companies are prepared to make in their workforce. However, this appears to be in contrast to what we are hearing from businesses, and what we found in our survey of business owners in the late summer."
Employer Expectations
In a recent BMO commercial banking survey, 79 per cent of business owners indicated that they have plans to invest the same or more in 2012. Of those businesses planning to invest more in 2012, 39 per cent said they plan to invest more in hiring and 31 per cent planned to increase their spending on employee training.
"According to BMO Economics, the Canadian economy is projected to grow a modest 2.0% in 2012, and this is expected to increase the demand for labour by 0.7%. The unemployment rate is expected to fall slightly to 7.2% by the end of 2012," said Sal Guatieri, Senior Economist, BMO Capital Markets. The survey data on Canadians' expectations line up with the recent decline in consumer confidence and the stalling in employment growth, outside of Alberta.
"Employees are the very foundation of a successful business and can be a source of competitive advantage. How a company attracts, develops and retains the individuals executing the business strategy should be a top priority for leaders," said Lynn Roger, Senior Vice President, Talent Strategies and Executive Resourcing, BMO Financial Group. "Investing in employee training and development now, with a longer-term plan, will help business owners ensure they have a supply of talented employees who are prepared to take the company to the next level of performance."
Survey of Canadians
Survey was completed online from December 5-8, 2011, using Leger Marketing's online panel, LegerWeb, with a sample of 1542 Canadians. A probability sample of the same size would yield a margin of error of +/-2.5 per cent 19 times out of 20.
Business Survey
The business survey was completed between August 30 and September 16, 2011, with a sample of 503 small, medium and large business owners in Canada. A probability sample of the same size would yield a margin of error of +/-4.4 per cent, 19 times out of 20.
Contacts:
Paul Cunliffe
416-867-3996
Sarah Bensadoun
514-877-8224
Laurie Grant
604-665-7590
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Datum: 03.01.2012 - 14:30 Uhr
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"REPEAT: BMO's Annual Outlook for Workforce Hiring and Training-Employers More Optimistic Than Canadians for 2012"
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