The workforce shortage is the issue of the day and every analysis suggests that there is no end in sight. Our experts discuss solutions.
On average, there are only 2.3 unemployed workers for every job opening in Quebec. Additionally, labour needs and the pool of available workers are not always in sync. As a result, many positions remain vacant. Here is an overview of solutions to the shortage.
Define your employer brand
Is the employer brand an expense or an investment? In the current workforce context, it is decidedly an investment and one that yields benefits.
Your employer brand is your personal signature on the job market. It influences job seekers’ perception in their search and instills confidence, a strong incentive for candidates. The employer brand is your image.
The employee experience is tied to your culture, values, philosophy and management practices. Your brand reflects your employees’ actual experience and helps attract people who share your values. It boosts employee engagement, performance and loyalty, reducing the turnover rate.
A strong employer brand combined with a meaningful employee experience result, on average, in a 28% lower turnover rate and a significant reduction in employee replacement costs. The key principles that help define, position and solidify your employer brand are knowing who you are, promoting your DNA, giving meaning to what you do, optimizing your recruiting practices and improving your human resource management practices.
There has been an increase in the majority of vacant positions in Quebec between 2020 and 2021. Immigration is seen as the preferred solution to the shortage according to Emploi Québec. Depending on the industry, the Temporary Foreign Worker Program or International Mobility Program may best suit your needs.
However, international recruiting comprises numerous steps and your company, and even your community, must be prepared to welcome immigrants in a positive environment. If you have their trust, they will stay with you and may refer you to others interested in working in Quebec.
Digital retail industry
Did you know that only one quarter of Quebec businesses have a high level of digital maturity? And, companies that have this attribute have stronger sales and profit growth. They export and innovate more, while being more productive. Digital transformation allows you to streamline some tasks and let your staff focus on value-added tasks.
In addition, digital transformation provides for better use of data for decision-making based on real-time information. By connecting retailers, suppliers and customers, it can help you increase the value of purchases on transactional sites.
In brick-and-mortar stores, it’s possible to manage inventory in real time by using product sensors. These are considerable advantages for companies. Investissement Québec offers a subsidy to support businesses in developing their digital transformation plan.
Foreign workers and tax compliance
Employers who decide to use foreign workers should be well informed about the tax subtleties of their special status. What are the criteria that define one status or another? What are the obligations regarding withholding taxes? What information must be reported to tax authorities? It’s important to consider these questions.
Contact our experts for the appropriate guidance on dealing with the various options to address your business’s challenges.
04 Oct 2021 | Written by :