HR Secrets of Canada’s Fastest Growing Companies

HR Secrets of Canada’s Fastest Growing Companies
Human Resources

HR Secrets of Canada’s Fastest Growing CompaniesWe surveyed the Profit 500, an annual listing of the 500 fastest growing companies in Canada, to find out about their HR practices. We asked questions (see Appendix) surrounding their strategic capabilities, organizational development activities, change management processes, training opportunities, performance management systems, leadership development programs, and the use of HR technology.

Overall Findings

Overall, the top HR challenges faced by the Profit 500 include (1) finding key talent, (2) managing and feeding talent pipelines, (3) appropriately leveraging HR metrics to inform decision making, and (4) choosing and incorporating the right HR technology.

1. Finding (and Keeping) Key Talent

It may seem paradoxical that finding and keeping key talent is an issue, given the unemployment rates of recent years. However, increased hiring is leading to increased competition, leaving many organizations on the Profit 500 to discover new methods of attracting and retaining the talent they need. According to the survey, a little over 60% of the Profit 500 are looking for innovative ways to increase their ability to fill performance gaps, including the ability to analyze and select for the skills they require. This has led the Profit 500 to consider where and when employees work and how to engage them most effectively.

Receive email updates
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

You May Also Like

ARTICLES

Labour Relations
4 Principles to Build Trust Between Union and Management
Trust … a feeling that is often hard to describe in words. We all know what it feels like when we trust someone, an...
Better Leadership: Focus on a Coach Approach
Human Resources
Better Leadership: Focus on a Coach Approach
Coaching is a leadership style that is growing in organizational cultures. It is shifting from an optional leadership...
Talent Management Truths - 5 lessons from the field to help solve todays workplace challenges
Human Resources
Talent Management Truths: 5 Lessons from the Field to Help Solve Today’s Workplace Challenges
Talent management has been in the spotlight recently as many organizations face historic talent shortages, a workforc...

PROGRAMS

A group of people sit against a large window with desks in front of them.
Workplace Restoration
Addressing a Toxic Workplace to Rebuild Relationships and Productivity.
Two sets of hangs tugging a rope in different directions.
Strategies for Workplace Conflicts
Practical and Effective Conflict Resolution Skills for Managing Everyday Workplace Disputes.

Share this article

Page link
Copied!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.