Employee morale and burnout are the biggest concerns among Canadian employers, far outstripping the concerns over attracting new talent, according to a survey by Right Management.

Morale and burnout topped the list of concerns with 54% of respondents saying they were worried. The risk of losing top talent was a close second, at 51%. Other barriers to achieving their business goals for 2011 included the following:

  • not having the skills required (31%);
  • lack of high potential leaders in the organization (31%);
  • redeploying key talent (25%);
  • ability to attract new talent (25%); and
  • loss of intellectual capital due to recent downsizing (10%)

“Beginning more than two years ago, nearly all Canadian companies trimmed their workforce and in the process boosted productivity, but at a cost,” said Kevin Noronha, vice-president at Right Management, pointing out that burnout and morale topped the list in last year’s survey.

“In both surveys the next-ranking issues had to do with losing talent, being deficient in skills and lacking leaders in the pipeline…and these worries actually flow from the first. With miserable morale a company can’t hold onto its best people, much less attract new talent,” he added.

The survey consisted of more than 3,000 senior executives across Canada.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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