Canadian Retailer - Winter 2016 - 6

RETAIL CURRENTS

RECRUITMENT AND SELECTION

Retail Council of Canada's (RCC) recent Retail Training and Employee
Development Benchmark Survey identifies greatest barriers to finding
suitable candidates.

SPENDING DOWN, UNEMPLOYMENT
ON THE RISE IN ALBERTA

■

3% Cultural fit
3% Cost to recruit

3% Ability to offer competitive hours
24% Ability to offer competitive
compensation

6% Poor reputation
of retail
12% Low retail
experience

12% Labour
shortage

21% Lack of required skills
among candidate pool
16% Labour shortage-rural/regional pool small

RCC's Retail Training and Employee Development Benchmark Survey 2015 was
conducted in partnership with WCG International Consultants Ltd. To download
the entire survey, visit www.retailcouncil.org/research/industry-research#hr.
AB
79%

EMPLOYEE BENEFITS

QC
41%

A recent Canadian Reward Compensation Survey
reveals that the average turnover rate in the industry is 55%, regardless of job category and region.
The regional turnover rates reported in Alberta and
Quebec are the highest and lowest in the Canadian
retail market, averaging 79% and 41% respectively.
■

Canadian
Average
55%

The 2016 Reward Compensation Survey of the Canadian
Retail Sector was conducted by RCC in partnership with
Morneau Shepell. To download the complete survey, visit
www.retailcouncil.org/2016-reward-compensationsurvey-of-the-canadian-retail-sector.

ALL WORK AND NO PLAY

MILLION

According to a recent survey
conducted by Expedia.ca,
around 10 million vacation
days will go untaken this
year in Canada.

The survey found that, on average, Canadians are given 17 vacation days a year,
but they only take 15.5 of them. A third of
those who do not take all their days say
it's because their work schedules don't
really allow for them to plan vacations.
6|

CANADIAN RETAILER | WINTER 2016

"vacation
deprived"

The Business Development Bank of
Canada has recently indicated that
spending by medium-sized businesses operating in Alberta will decrease
more than previously expected in
2016 as a result of the oil downturn.
The downturn has hit every level of
the province's economy.
Medium-sized businesses in the
province plan to invest about $11
billion this year, 27z% less than last
year. That compares with a 14%
increase in planned spending in
British Columbia, and either flat or
modest growth in spending across
the rest of Canada.
These spending cuts are happening in conjunction with the highest amount of jobs lost since 1982.
Statistics Canada recently released
figures that show the province had
a net loss of 19,600 jobs in 2015, up
from the 14,600 job losses it estimated in early January.
■

36%
ARE HAPPIER
AFTER COMING
HOME FROM
A TRIP

More than half of all respondents-52%-consider
themselves to be "vacation
deprived." Of those, 66%
say it's because they do not
get enough vacation days,
and the remainder say it is
because they don't take the
days they have earned.

Almost three-quarters of those polled
say they associate vacationing with
their overall happiness, and 78% say
they feel energized before they even
leave for vacation. Forty per cent of
respondents say they feel less stressed
and more relaxed after vacations, and
36% say they are happier after coming
home from a trip.
■

http://www.retailcouncil.org/research/industry-research#hr http://www.retailcouncil.org/2016-reward-compensation-survey-of-the-canadian-retail-sector http://www.Expedia.ca

Table of Contents for the Digital Edition of Canadian Retailer - Winter 2016