Economic crisis: employers maintain their contribution to employees' RRSPs - findings of a CROP-CRHA survey

    MONTREAL, Feb. 11 /CNW Telbec/ - According to a CROP survey conducted in
January 2009 for the Ordre des conseillers en resources humaines agréés,
despite the economic crisis, 84% of employees whose employer contributes to
their RRSP believe that this contribution will be equal to or even more than
last year's.
    "Obviously, in more troubled economic times, employers could be tempted
to cut back on some social benefits. But that's not necessarily a good
strategy for keeping their workforce motivated and productive. The survey
findings indicate that Quebec employers seem to have understood this,"
commented Florent Francoeur, CHRP, Ordre president and CEO.

    Employer RRSP contributions: a few changes

    More specifically, the survey shows that 69% of workers whose employer
contributes to their RRSP believe that, in spite of the crisis, this
contribution will be the same as it was last year; while 15% estimate it will
be higher. Only 6% think will be lower, compared to 10% who don't know.
    Furthermore, overall, 37% of respondents reported that their employer
contributes to their RRSP. This figure rises to 45% among households with
annual incomes of $60,000 and over, and to 54% in the Québec City area.

    Has the crisis impacted on RRSPs and pension funds?

    Lastly, 45% of workers feel that the current economic crisis has had a
very or fairly major impact on their pension funds or RRSP, versus 51% who
consider the impact to be fairly or totally insignificant.
    For the complete findings of the CROP-CRHA survey, visit (in French only).

    The Ordre des conseillers en ressources humaines agréés is the primary
reference organization in its field in Quebec. It has a membership of close to
9,500 professionals, candidates and students, including 5,000 CHRPs and 2,500
CIRCs. It is the only organization devoted to the protection of the public
authorized by the Professional Code to confer these professional designations.
    Active in all sectors, CHRPs and CIRCs contribute to the development and
maintenance of a healthy working atmosphere and a safe, efficient
organizational environment that respects the uniqueness of each and every
employee. They also represent employers and employees in various areas of HR
management, from industrial relations, to staffing, training, occupational
health and safety, organizational development and compensation.

For further information:

For further information: Caroline Soulas, Coordinator, communications,
(514) 879-1636, ext. 224,

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Ordre des conseillers en ressources humaines agréés

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