Canada has a productivity gap that continues to create challenges for organizations attempting to becoming more competitive, a new report suggests.
Towers Watson, a New York professional services company with an HR consulting office in Vancouver, released a report that exposes a lack of sustainable engagement in the Canadian workforce. According to Towers Watson, organizations are incorrectly approaching how to engage their employees in a new world order.
Globally, the study says that 65% of full-time workers are not highly engaged.
For optimal engagement in the modern workplace, employers must create a combination of discretionary effort (the willingness to work extra hard), enablement (the capability to excel), and energy (the capacity to maintain efforts over time). Old methods focused solely on discretionary effort, but any organization that wants to yield a significant performance advantage must combine all three elements to forge sustainable engagement.
Prolonged economic turmoil and stagnant wages, alongside bleak prospects for the near future, have triggered a wave of stress, anxiety, and risk aversion in Canada's workforce. In turn, these traits have choked companies' ability to grow.
Image: Towers Watson