TORONTO, June 2 /CNW/ - Research in Motion, WestJet and Canadian Tire
have topped the 2008 study of Human Capital Leaders compiled by The Beacon
The study on Human Capital Leaders was conducted by The Beacon Group, a
leading HR advisement and services firm. The Beacon Group asked 4,070 Canadian
executives about the state of talent management in Canada.
In addition to highlighting leading Canadian companies, executives and
managers across the nation sounded an important warning regarding the lack of
strategic direction for Canadian companies.
- Where are we going? That's the resounding question confronting nearly
three quarters of Canadian corporate leaders. Economic conditions and
competitive pressures are posing strategic questions that leaders
know their companies cannot answer.
- Canadian executives - 68% of them - overwhelmingly indicate that
external market challenges are the biggest threats to their
- More than half of Canadian corporate leaders point to retention and
succession planning as the biggest blindspots in their corporate
- Human Resource departments in Canada admit they are still heavily
focused on attracting and retaining talent through compensation - a
strategy dismissed as out of step with younger Generation Y employees
entering the workforce.
"Leaders are well aware of the problems facing their businesses today.
They know about international competition. They see the effects of higher
commodity prices. They know there is an ongoing war for talent," said
President & C.E.O. of The Beacon Group, Doug Williamson.
"Yet, these same leaders have incredible difficulty in articulating the
strategy their respective companies have chosen to deal with these
The Human Capital Leaders 2008 study pointed repeatedly to external
challenges, such as competition, labour shortages and economic recession as
the biggest concerns for Canadian companies.
"While external challenges are usually the most perceptible corporate
issues, the disparity we saw between external and internal challenges this
year is alarming," said Williamson.
"We also noticed executives pointed to external challenges within their
control as bigger concerns than others such as government regulation and
exchange rates," he added.
"Leaders are calling out for direction."
Other Canadian companies that were cited for Human Capital excellence in
the survey include: Apple Canada Inc., Bank of Montreal, BMW Canada Inc.,
Ceridian Canada Ltd., Ellis-Don Corporation, Fairmont Hotels and Resorts,
Federal Express Canada Ltd., Four Seasons Hotels and Resorts, Great West Life
Assurance Company, IKEA Canada Ltd., I Love Rewards Inc., Magna International
Inc., Manulife Financial, McDonald's Restaurants of Canada Ltd.,
PricewaterhouseCoopers LLP, Royal Bank of Canada, Scotiabank, TD Bank
Financial Group, TELUS and Vancity.
The Beacon Group is a leader in the field of organizational development.
Clients including Mercedes-Benz, McDonald's, Xerox, Sony and The Globe and
Mail have used The Beacon Group's assessment products and advising services to
grow their thriving businesses. For more information visit
Full survey results are available on our website. Full survey results are
available on our website at
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