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AFS Insights

Building (and Retaining) a Great Team

March 6th, 2020 is a special day. It’s Employee Appreciation Day.

Does your business have a great team? As the article below points out, it’s hard to attract and retain top talent. So why is it so challenging? What’s the solution? Well, at our firm, we have learned it’s all about the people. Having clear values, the right team and the right culture leads to success in all other facets of the business. It’s important to be mindful of the health and well-being of the people who work with you. Everyone has a busy life. Fostering an environment with a healthy work/ life balance, open communication and a bit of humour leads to productivity and effectiveness.

Thank you to everyone at Arbutus Financial. Together, we strive to be a strong and collaborative team providing excellent service to our clientele.

Read on to learn about a recent survey conducted by Robert Half International.

80% of Canadian employers concerned about retaining talent: survey

Source: Benefits Canada, August 8, 2019

The majority (80 per cent) of Canadian employers said they’re concerned about retaining top talent, with more than a quarter of respondents saying they’re very concerned, according to a new survey by global staffing firm Robert Half International.

The survey, which polled more than 600 senior managers at companies across Canada, found employers’ most cited retention tactics include increasing communication with staff (42 per cent), improving employee recognition programs (40 per cent) and offering professional development (40 per cent).

“Turnover can be incredibly costly to businesses, not just in terms of lost time or money, but also through its impact on staff morale, which is why managers need to make retention an ongoing focus,” said David King, senior district president for Robert Half, in a press release.

“Rather than scramble to keep valued workers from leaving, a proactive retention strategy will ensure employee engagement and satisfaction remain high, and business priorities stay on track.”

A separate survey by Robert Half found 33 per cent of employees said they’re planning to look for a new job in the next 12 months. Among those who said they intend to leave their jobs, the top reasons they would stay include a pay raise (51 per cent) and a promotion (18 per cent).

“While competitive compensation is still crucial, there are a variety of offerings organizations can provide — such as career development opportunities and extra vacation days — to keep employees happy,” said King. “Ultimately, professionals will stick close to companies who make an effort to encourage their professional growth, recognize their contributions and actively support their well-being.”