Canada Post Strike: "Are Canadians Employees Amongst The Most Dissatisfied Employess in World?"

"Mercer believes that the potential business consequences of this erosion in employee sentiment are significant and need to be addressed if Canadian employers want to hang on to valued talent and minimize any productivity or morale issues among workers who remain," said Madeline Avedon, the company's human capital principal.

Global findings: The survey that threw up this figure was carried out in different countries and involved 30,000 workers; out of which 2000 were from Canada. The study concluded that base pay was considered the most important factor by a majority of the employers, whereas of the workers, just a shade above half responded with a favorable response towards base pay being the only thing that was important.

Avedon is of the opinion that the impact of this study goes much beyond employee turnover. She went to on to say that Canadian employees, in particular, feel they contribute more when they produce quality in whatever it is that they do. And with the present scenario, they feel that they are let down by the employers. "Diminished respect for and lack of confidence in an organization can undermine the innovation and productivity gains businesses rely on from their workforces," she said.

Employers were also surveyed in the study. Although the overall score did remain low, they have credited the employees for improvement in the areas that were a part of the survey.

Repercussions could possibly lead to vicious circle: The data that came out from the survey showed that there is a high degree of correlation between performance management and a highly engaged workforce. Employees who did receive performance review in the previous year are more positive about the organization’s ability to manage and nurture talent.