Written by: Geoffrey Person, Director, Marketing and Communications, CPHR Alberta
Employee turnover is expensive – and the cost is going up
Alberta organizations saw a nearly $3,000 increase in the average processing cost, which includes severance, separation pay, working with recruiters and more. And it’s not just large organizations that are paying more; this significant increase is present across all sectors and sizes of organizations.
There are strategies for reducing turnover in this spring’s Alberta HR Trends report. How organizations address harassment, how high-performing employees are treated, and how prepared organizations are to handle succession all impact over employee turnover.
Employment Standards Code changes mean overtime changes, too
Last fall’s survey asked HR professionals how their organizations would act on the new rate for banking overtime. While system improvements, such as improving tracking of employee overtime, were the leading responses planned, a significant number of organizations intend to increase their workforce as well – reducing the need for overtime on existing employees.
10% plan to hire temporary workers to fill high demand periods
The Alberta HR Trends Report is commissioned by CPHR Alberta as part of a regular series to help fill the information void for CPHR Alberta members and Alberta employers. The Spring 2018 Alberta HR Trends Report is comprised of data from a survey sent to CPHR Alberta members in fall 2017.
The Alberta HR Trends research initiative was started in December 2013 in collaboration with Abingdon public opinion research firm and was expanded in 2016 to include all four western Canadian provinces, in partnership with their respective Human Resources provincial associations. Access all of our research here.