The findings of the 11th Annual Hays Salary Guide offer some encouragement for the economy despite the slowdown forced by the COVID-19 pandemic.
The Hays report found that 55% of Canadian companies were back to business as usual and 19% said they were in growth mode. However, this optimism about the future is not shared by the labour force at these companies.
Despite the present grim state of the job market, the survey found that 49% of employees are thinking of quitting their current jobs.
Why are employees unhappy?
As per the report, employers have not been able to sufficiently address the issues faced by employees due to the pandemic. Employees are feeling dissatisfied due to the following reasons:
- Reduced social interaction
- Increase in workload
- Lack of well-being and mental health support
- Workplace health and safety concerns
About 54% of employers also admitted to doing nothing to support employee wellness or mental health during the pandemic.
How will this affect employers?
In the long term, it may lead to an increased employee turnover rate. Chances are that once the job market improves, such employees may switch jobs for better opportunities.
Employee turnover is costly irrespective of the size of your business. Not only do you lose talented workers to competition, you also spend your time, money and resources recruiting, training and onboarding their replacements.
It is important that employers act now to prevent such a scenario.
How can Peninsula help me tackle these challenges?
Our goal is to help small businesses thrive. Our team of experts will help you with all HR, health and safety and staff management issues. We’ll help you:
Update HR policies for the pandemic
The COVID-19 pandemic has changed the way we work. It is essential that you update your HR contracts and policies to meet the current challenges.
Whether you need to add a layoff clause to your contract or create policies on remote work, supporting employee mental health and wellbeing, or personal and business travel, we’ll take care of the paperwork and guide you every step of the way.
Stay compliant and up to date on health and safety
It is crucial that you comply with Public Health guidelines on health and safety in the workplace. However, the Public Health guidance keeps evolving as we learn more about the virus.
Our team of health and safety experts will ensure your workplace and staff is COVID-secure and compliant with the latest health and safety directives. It is our job to ensure you’re ready to clear provincial health and safety inspections with flying colours.
Access expert advice 24/7
You can call our 24/7 employer advice line at any time of the day with your queries, big or small. Whether it’s an HR or health and safety issue or just a general question about employment law, expert advice is always just a phone call away.
You can try our 24/7 advice line for free and receive a complimentary consultation. Call 1 (888) 247-3652 today.
Need support navigating business issues related to COVID-19?
To get advice on how to maintain your business during the pandemic, call an expert today: 1 (888) 247-3652.