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HR Trends and Metrics

Global market forces and accelerating technological advances are expected to exert significant pressure on Canadian organizations over the next decade. The latest HR Trends and Metrics survey revealed that Canadian organizations are increasingly concerned about keeping up with this rapid pace of change. In fact, 26 per cent of HR leaders placed the impact of technological change as a top organizational challenge, up from just 4 per cent in 2005.

Features

Canadian maple leaf  

Alberta to Lead Provinces in Economic Growth in 2017

Following two tough years of being battered by widespread weakness in the energy sector, Alberta’s economy is set to post the strongest economic growth among the provinces in 2017. Along with a big increase in oil production, some of the growth in Alberta will come from the rebuilding efforts in Fort McMurray. However, more subdued economic growth is anticipated next year, as oil prices are not expected to increase significantly. Along with Alberta, all provinces—except for Newfoundland and Labrador—are forecast to see positive economic growth in 2017.

 
Map of Asia with China highlighted  

Canada’s Best Prospects for Trade With China

With the possibility of future trade strife between the U.S. and China, there may be even greater opportunity for Canada. The value of Canadian exports to China grew at a double-digit annual pace from 2006 to 2015, making China our second-largest export market. Chinese demand is projected to rise for many of the goods and services in which Canada holds a global comparative advantage. Natural resources, some services industries, and food manufacturing are best prepared to increase production to meet this growing demand.

 
Hand filling out a tax form  

Examining Canada’s Tax Gap

The size of the tax gap in Canada (the difference between what a government should collect in tax revenues and the amount it actually brings in) is not well known. Applying estimates from other countries suggests that the federal tax gap could range between $9 billion and $50 billion annually. Factors that contribute to the loss of tax revenue include evasion, unacceptable avoidance, or simply mistakes on prepared returns.

Stacks of coins of different heights  

Compensation Planning: Mid-Year Pulse Check

Canadian organizations’ projected salary increases have remained generally unchanged since last summer, except for in Alberta and the oil and gas industry. Energy sector organizations seem to be responding to the steadied price of oil with greater confidence in business conditions and a slightly better compensation outlook. Case in point—77 per cent of oil and gas organizations believe business conditions will improve this year, compared with just 9 per cent in 2016.

 
House made from Canadaian twenty dollar bills  

Rethinking Infrastructure in Canada’s Northern and Aboriginal Communities

A long list of infrastructure concerns in Canada’s Northern and Aboriginal communities needs to be addressed, from poor access to basic amenities, such as clean water, sewage treatment, and waste management systems, to transportation and telecommunications. To help close the infrastructure gap in Canada’s Northern and Aboriginal communities in a timely and efficient way, governments should be more open to new procurement and financing approaches.

Hand prints in several different colours  

2017 Diversity and Inclusion Benchmarking Survey

We are seeking to better understand current trends related to Canadian organization’s diversity and inclusion programs. As such, we are launching a national survey that examines the diversity-related investments, policies, and practices in Canadian organizations. Once completed, the study will help Canadian organizations benchmark their own efforts against organizational practices across Canada and will provide insights into diversity and inclusion issues facing Canadian organizations.


CBoC Highlights

Kim Campbell speaking Craig Alexander speaking
The Right Honourable Kim Campbell, former Prime Minister of Canada, spoke at a Vancouver meeting of our Quality Network for Universities on teaching leadership in the Trump era. Craig Alexander discusses market uncertainty under a new U.S. administration and what that means for Canadians on CTV’s “Your Morning.”
   
Marie-Christine Bernard speaking Video still of Facebook Live chat
Marie-Christine Bernard comments on the 2017 economic outlook for Canada’s provinces on CBC’s “On the Money.” On February 28, the Corporate Responsibility and Sustainability Institute hosted a Facebook Live chat that discussed how organizations can develop a social purpose for their business.

In This Issue

  • HR Trends and Metrics
  • Alberta to Lead Provinces in Economic Growth in 2017
  • Canada’s Best Prospects for Trade With China
  • Examining Canada’s Tax Gap
  • Compensation Planning: Mid-Year Pulse Check
  • Rethinking Infrastructure in Canada’s Northern and Aboriginal Communities
  • 2017 Diversity and Inclusion Benchmarking Survey

Previous Issues


Keep Up to Date


Popular Reports

Talent Management Benchmarking: Human Resources Trends and Metrics, Fourth Edition
(February 2017)

Canadian Outlook Economic Forecast: Winter 2017
(January 2017)

Compensation Planning Outlook 2017: Mid-Year Pulse Check
(February 2016)

Provincial Outlook Economic Forecast: Autumn 2016
(February 2016)

Recent Op-Eds

Slow-Growth Fiscal Reality Bites Canadian Health Care, The Globe and Mail, February 14, 2017

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