News /

60% of businesses changing their approach to address labour shortage, Canadian Chamber of Commerce says

60% of businesses changing their approach to address labour shortage, Canadian Chamber of Commerce says

Across the spectrum, businesses report they continue to struggle with recruiting and retaining staff. 60% of the CSBC survey respondents indicated they will be taking more proactive measures over the next year to address the talent shortage.

(OTTAWA) – February 25, 2022 – The Senior Director of Workforce Strategies and Inclusive Growth of the Canadian Chamber of Commerce, Leah Nord, issued the following statement on the new quarterly data within the Canadian Survey on Business Conditions.

“Across the spectrum, businesses report they continue to struggle with recruiting and retaining staff. 60% of the CSBC survey respondents indicated they will be taking more proactive measures over the next year to address the talent shortage, including increasing wages to existing employees (45%), providing increased wage offering to new employees (24%), offering flexible scheduling (23%) and encouraging employees to participate in on-the-job training (20%).”

The Canadian Survey on Business Conditions (CSBC) was created in the spring of 2020 by the Canadian Chamber of Commerce and Statistics Canada to ensure decision makers have timely, relevant data about what businesses are going through and how they are planning for the eventual recovery. The quarterly survey examines issues like the impact COVID-19 on businesses, changes businesses are making to adapt to evolving restrictions, and the challenges they expect to face as the recovery begins.

The CSBC is part of the Canadian Chamber’s Business Data Lab (BDL), which brings its entrepreneurial approach to improving how we understand business conditions in Canada by industry, geography, company size, ownership — including diversity and inclusion metrics — and international business activities. With the BDL, the Canadian Chamber will bring together data from a variety of sources to track evolving market conditions, providing businesses with critical information to help them make better decisions and improve their performance.

About the Canadian Chamber of Commerce — The Future of Business Success

The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing 450 chambers of commerce and boards of trade and more than 200,000 businesses of all sizes, from all sectors of the economy and from every part of the country — to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success and impact on business and economic performance. 

– 30 –

Contact

Phil Taylor
Contact: ptaylor@chamber.ca (fastest response time)

Related News

Media Releases

Dec 16, 2020

In absence of coherent COVID-19 management plan, Canada’s business groups take the lead

Canada’s leading business groups today outlined their plan to turn the tide against the country’s floundering patchwork approach of simply reacting to rising daily COVID-19 numbers.
Media Releases

Jun 29, 2021

Increasing number of Canadian organizations suffered cybersecurity incidents in 2020 as Canada falls behind in cybersecurity investment: Canadian Chamber of Commerce

“Canada’s digital expansion has been accelerated by COVID at a pace unimaginable before the pandemic. There is a very significant opportunity to seize the moment of soaring global demand and solidify Canada’s position as a global cybersecurity leader. Canada’s diminished fiscal health means we simply cannot afford to miss this economic opportunity. Businesses are ready to do their part, but they need government to make it easier for them do get the job done,” said Perrin Beatty, President and CEO of the Canadian Chamber of Commerce.
Media Releases

Dec 01, 2021

43% of businesses now say rising costs top concern, Canadian Chamber of Commerce signals caution on government spending

New data from the Canadian Survey on Business Conditions shows rising costs remain the biggest obstacle for businesses right now and into the new year, with 43% of businesses saying they are the biggest hurdle to recovery. At the same time, the vast majority of private-sector businesses (89%) don’t expect their profitability to improve over the next three months, while more than one-third expect it to decline. This is a significant part of the economy standing still or sliding backwards.

Sign Up for Our Newsletter

Sign Up to receive the latest news from the Canadian Chamber of Commerce