05/03/2012 11:00 am - 12:00 pm
Bridging the Workforce Productivity Gap in Canada: the solution's not where most people are looking.
Presenters:Jan van der Hoop
Canada's workforce productivity is lagging that of most of the developed world, and trending downward - in sharp contrast to our neighbours (and competitors) to the South where labour productivity is considerably stronger than ours and growing.
The economists point to a more conservative climate in Canada as it relates to investments in such things as R&D and technology... and the truth is that we have pretty much wrung what we can out of the cost side of the equation through two decades of process improvement.
So how do we stop the downward spiral and become competitive once again in a market that is more global then ever? A big part of the answer lies in learning to measure what matters as it relates to matching talent with opportunity, and in learning to work - and to produce value - differently than we have in the past.
As we’ve often said, ‘what got us here, won’t get us there’. We need to develop a different set of metrics than we are typically reporting today, to guide how we staff, manage and lead our organizations. Surveys report that CFOs are every bit as concerned about their inability to reliably connect the dots between People and the P&L as we are as HR professionals. These new metrics are readily available in any organization; we just need to start using them.
Perhaps the best news is that the level of financial investment to get on the right path is low – very low – in contrast to the return on that investment. But it does require a willingness to see – and to do – differently.
Are you up for the challenge?