Navigating The Great Resignation Canada

COVID-19 and the Great Resignation Canada

COVID-19 kicked off The Great Resignation Canada, a trend that continues to see employees voluntarily resigning from their jobs.

Employees are now far more willing to change jobs due to a multitude of factors, including salary, remote work and flexibility options, and better employee benefits packages and perks. An attractive employee benefits plan has become an increasingly more important tool for companies in the battle to attract and retain talent.

What the Research Is Saying

You can get a glimpse of the Great Resignation Canada and the Future of Work from research conducted by The Conference Board of Canada along with Telus Health.

The research finds employees wanting more from their employee benefit plans. The findings indicate that although most Canadians have benefits, the majority only have partial coverage and so individuals must cover part of their prescriptions, dental, and vision care, amongst others.

This puts employers at risk of losing talent at a time when the labour market is experiencing drastic shortages. In fact, the survey found that between 33 and 59 percent of employees are willing to leave their current job if they think their employee benefits package isn’t adequate.

With these market conditions, it becomes more important than ever to attract and retain your greatest asset: human capital.