In addition, Canadian workers expect their employers will put funds towards hiring more people or purchasing more equipment (29% each). The survey found workers ages 18 to 34 are most likely to believe their company will invest in hiring.
According to a press release, respondents in Atlantic Canada are more likely to expect their employers to put funds towards purchasing more equipment (41% vs. 23% in Ontario). In addition, 24% in B.C., 32% in the Prairies, and 33% in Alberta expect their employers will purchase more equipment next year.
Forty-two percent of employees in Manitoba and Saskatchewan foresee their companies investing in employee training, compared to 31% in Alberta, 32% in B.C., 33% in Ontario, and 34% in Atlantic Canada. Thirty-seven percent of employees in Manitoba and Saskatchewan believe their employers will invest in hiring this upcoming year, compared to 23% in Atlantic Canada, 29% in Ontario, 31% in Alberta, and 31% in B.C.“Employees are the very foundation of a successful business and can be a source of competitive advantage. How a company attracts, develops and retains the individuals executing the business strategy should be a top priority for leaders,” said Lynn Roger, Senior Vice President, Talent Strategies and Executive Resourcing, BMO Financial Group, in the press release. “Investing in employee training and development now, with a longer-term plan, will help business owners ensure they have a supply of talented employees who are prepared to take the company to the next level of performance.”