Randstad Workmonitor survey finds 75 per cent of employees think their company will perform better this year
TORONTO, April 5, 2016 /CNW Telbec/ - According to the recent Randstad Canada Workmonitor survey, 75 per cent of employed Canadians say they expect their company to perform better financially this year than it did in 2015, and 63 per cent believe Canada's economic situation will improve in 2016.
"Despite our sluggish economy and a low loonie, Canadians are confident about our ability to rebound quickly," says Marc-Étienne Julien, CEO of Randstad Canada. "Canadians are eternally optimistic and with our dollar rebounding a bit in the first quarter and spending from the government promised in some of our hardest-hit areas, we do have reason to believe that we will end 2016 on a higher note than 2015."
Not surprisingly, younger Canadians were more confident about the future than their older counter-parts:
- 68 per cent of 18-24 year-old employed Canadians believe the economic situation in Canada will improve in 2016, versus 58 per cent of 45-67 year-olds.
- 18-24 years-olds were much more likely to expect to receive an increase in financial compensation this year
- 53 per cent of them expect to receive a one-time financial reward/bonus at the end of the year versus only 36 per cent of those ages 45-67
- 70 per cent of them expect to receive a pay raise at the end of the year versus only 55 per cent of those age 46-67
The need for STEM profiles
Canadians of all ages agreed that their employer has trouble finding the right talent today (54 per cent), and 40 per cent of them also said that their employer has an increasing need for STEM (science, technology, engineering, mathematics) profiles. More than half of respondents (55%) think that their employers should invest more in developing digital skills.
This is not entirely surprising, as Canadian employers have indicated for some time now that they struggle to recruit and retain the high-tech talent needed for our rapidly evolving workplaces in STEM fields. That being said, younger Canadians were least likely to say that more students should focus on a career in STEM, or that if they were 18 they would focus on a career in STEM (67% and 54% respectively, compared to 77% and 65% respectively for those 45-67 years old).
"Our research shows that young Canadians' favourite subjects in school are science, math and technology, but that isn't translating into a highly-trained technical workforce," says Julien. "There's a gap that needs to be bridged, and we all have a responsibility to address our country's skills shortage."
About Workmonitor: The Randstad Workmonitor was launched in the Netherlands in 2003, then in Germany, and now covers 34 countries around the world. The last country to join was Portugal in 2014. The study encompasses Europe, Asia Pacific and the Americas. The Randstad Workmonitor is published 4 times a year, making both local and global trends in mobility visible over time.
The Workmonitor's Mobility Index, which tracks employee confidence and captures the likelihood of an employee changing jobs within the next 6 months, provides a comprehensive understanding of sentiments and trends in the job market. Besides mobility, the survey addresses employee satisfaction and personal motivation as well as a rotating set of themed questions.
The study is conducted online among employees aged 18-65, working a minimum of 24 hours a week in a paid job (not self-employed). Minimum sample size is 400 interviews per country. The Survey Sampling International (SSI) panel is used for sampling purposes. The fourth wave of 2015 was conducted between 21 October and 4 November 2015.
About Randstad Canada: Randstad Canada is the Canadian leader for staffing, recruitment and HR Services. As the only fully integrated staffing company in the country, it understands the recruitment needs and demands of employers and job seekers across all levels and industries. Through its insightful knowledge of local markets, employment trends and global network of recruitment experts, it is shaping the Canadian world of work. Visit randstad.ca for more information.
SOURCE Randstad Canada