C-Suite Challenge: Attracting and Retaining Talent Through Global Volatility

The Conference Board of Canada, 12 pages, August 11, 2022
Issue Briefing
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This issue briefing looks at promoting hybrid work, the most common action that leaders in Canadian organizations are taking to attract and retain employees.

Document Highlights

  • Promoting hybrid work is the most-common action being taken by leaders to attract new employees, improve employee retention, and reduce voluntary turnover in the current hyper-competitive market for talent.
  • Offering additional incentives to candidates—such as sign-on bonuses, equity awards, perks, or benefits—is something that only one-third of leaders surveyed are considering to help attract new workers.
  • Actions linked to increasing retention efforts are related to increasing effective and strategic internal communications.
  • Fostering collaboration and communication in hybrid work environments can increase retention and decrease voluntary turnover.

Table of Contents

Key Findings
Labour Shortages Drive Adoption of Flexible Work
Leaders Are Looking to Hybrid Work to Attract and Retain Workers
Prioritizing Effective Internal Communication is Essential
Final Thoughts

Appendix A—About the Conference Board C-Suite Outlook

Appendix B—Bibliography

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