HR Market Update – Winter 2023
Do you hear what I hear? 2024 Cost & ROI
As we head into 2024, it’s no surprise that mounting pressure rests on HR, operations, and leadership to contain and reduce costs. According to BDC, while Canada is likely to avoid a recession in the new year, high interest rates and inflation will impact growth.
So, what does this mean? Organizations are likely to tighten budgets and focus on controlling labour costs. It’s a paradox we see often – decrease spending and investment in people yet expect the same (or better) results. From our perspective, being smart and savvy with your investment/budget choices is the only way to yield positive results.
One area that is always worth investing in? Your people.
Why? Because they’re the strength and core of your organization.
But that doesn’t mean you can’t find solutions tailored to your budgetary needs. At Ahria, we customize solutions to meet your organizational needs (and budget framework).
Did you know?
Ahria is an eligible trainer under the Canada-Ontario Job Grant. Employers can receive up to $10,000 in government support, per person. Plus, we help you all the way through the application process!
Not even Santa’s Elves can solve the talent shortage
Another trend we are seeing heading into 2024 is the continuation of the talent shortage in the market.
As recruiters and HR professionals, it can be disheartening to see the biased perspective that exists around new Canadians and the perceived merit of their work experience outside North America. Simply put – if it’s not domestic experience, it’s not accepted as translatable or equal.
However, we know this is simply untrue. Experience outside our domestic boundaries can be just as (if not more) valuable, providing a diverse perspective and outlook that is needed in many organizations.
New legislation from the Ontario government hopes to combat these biases as well as address the talent shortage. Coming into force this month, organizations can no longer demand candidates have Canadian work experience before they are offered jobs.
Our take? This new legislation continues to push in the right direction – not only for the benefit of our organizations, but for talented newcomers.
Need support with your recruitments in 2024? Let’s connect!
Like flying reindeer, the ethics of AI are elusive
It seems that everywhere we turn, we cannot escape the discussion of AI – from social media to major HR conferences across the globe.
To varying degrees, we understand the power and potential of AI technology and its ability to support many aspects of our organizations. However, what we don’t always understand or need to explore – the ethics of using AI.
While this technology can seem like an antidote for many challenges, it can also create as many problems as it claims to solve. Staying aware of potential biases that may arise in AI hiring software, confidential information making it’s way into ChatGPT, and privacy implications are critical.
Our take? Jumping in headfirst (with any fad, new technology, or trend) is never an ideal strategy. Before pulling AI into your organization, it’s important to have these conversations, establishing boundaries, ethics and how these technologies benefit your strategy.
If You’re Happy & You Know It
Angry Canadians? It sounds like an oxymoron, but recent studies have show that our anger levels are high – particularly in Ontario.
So, how do we as leaders in our organizations inject a little bit of happiness into the workplace (and our world)?
A recent Terry Talk shares ten tips on how to boost your mood heading into the holiday season and how your job just might be impacting your happiness.
New Year, New You? Compliance & HR Strategy
Unsure if you’re compliant, or need support understanding what you’re doing well? Our HR Review provides a pulse check on your policies, procedures, and organizational practices.
Whether it’s recruitment, HR advisory, talent development, outplacement, assessment, or coaching – we’re always here to help.
I invite you to book a quick 15-minute chat and let’s have a sounding-board conversation.
We can’t wait to see what 2024 brings.
President & CEO