Is Business in Canada Set for a Freefall? Report Reveals Acute Talent Shortage Limiting Financial Success



    - Majority Say Talent Shortage is Getting Worse -

    TORONTO, June 24 /CNW/ - In a ground breaking report released this week
Canada's most senior business decision makers revealed just how significant
the issue of talent shortage has become. 70% of those surveyed are
experiencing a shortage of talent and a full 54% indicate that it is affecting
their companies' financial success. Further, this situation is expected to
worsen according to 62% of respondents, a reflection in part of the impending
baby boom exit from the workplace. Together, these indicators raise concerns
for how well, in a highly competitive global market, Canada's business
leadership is positioned for future success.
    "Recruiting and retaining the best talent is an ongoing priority for many
Canadian companies as the competition for talent remains strong," comments
Steven Pezim, Managing Director, Bedford Consulting Group who challenge
business to Inspire Leaders to Choose You. "Making your company a magnet for
attracting and retaining the right talent is probably the single most
overlooked business growth opportunity we are seeing for today's leaders,"
continues Pezim, For many of those surveyed this report highlights that
without a plan to secure future talent there is a very real danger of
constricting business growth.

    
    Report Highlights
    -----------------

    -  From the corner office to the political podium, successful
       organizations must make the case for why the best talent should join
       them, A full 95% of respondents report that having an inspiring
       recruitment proposition is now vital in securing the best talent, yet
       only 40% indicate that they have one

    -  Business in Canada reports a failing grade with responses revealing
       that over 50% are finding that a shortage of talent is slowing their
       financial growth, and 62% expect the situation to get worse

    -  The new CEO arrives on day No. 1, now what? The report reveals that a
       stunning 98% consider programs that help leaders quickly integrate
       into their roles are key to successful outcomes, yet 58% do not have
       such a program in place

    -  Like the best sports franchises, finding future talent is clearly an
       issue for corporate Canada with 85% reporting it as important for
       their business, though with only 24% having such a program there is
       much work to be done

    -  The race is on to replace today's leaders as the report respondents
       reveal that 1 in 10 senior managers are expected to retire in just the
       next five years as baby boomers exit the workplace

    -  It may be time for some summer RnR as at 32%, almost one third of
       respondents report that keeping the best talent is what keeps them up
       at night in terms of talent management
    

    The report was developed by Bedford Consulting Group, one of Canada's
largest independent executive search firms and includes responses taken in May
2008 from C-suite executives and HR leaders at 300 private and publicly traded
companies in Canada. Steven Pezim, a co-founder of Bedford Consulting Group
was recently recognized as one of the world's Top 100 Most Influential
Recruiters by Business Week magazine.

    About The Bedford Consulting Group

    The Bedford Consulting Group: Inspiring Leaders to Choose You is one of
Canada's largest privately held retained Executive Search firms. Complementing
our core Executive Search business, The Bedford Group offers an integrated
suite of innovative Talent Management services to our clients worldwide. We
are passionate about providing exceptional services to and strategically
partnering with our clients to attract and retain the very best in talent to
their organizations. Visit bedfordgroup.com for more details

    EDITORS NOTE: To schedule an interview with Steven Pezim, Managing
Director, Bedford Consulting Group, please contact Jon Packer (416) 504-3977
x24 or jon@theideaworkshop.com





For further information:

For further information: Jon Packer or Anna Ng, (416) 504-3977 x24 or
x29, jon@theideaworkshop.com, anna@theideaworkshop.com

Organization Profile

BEDFORD CONSULTING GROUP

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890