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Canadian Human Resources Benchmarking: Investing in Employee Training and Development The Conference Board of Canada, 17 pages, August 18, 2022 Issue Briefing by Lauren Florko , Tabatha Thibault

Canadian Human Resources Benchmarking: Investing in Employee Training and Development

The Conference Board of Canada, 17 pages, August 18, 2022
Issue Briefing by Lauren Florko , Tabatha Thibault

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Training and development are important considerations when employees are deciding to accept a position or stay in their job. This research explores how Canadian organizations invested in such activities during fiscal year 2021. Document Highlights There is intense competition for employees who have the leadership skills, abilities, and talents to navigate today’s volatile, complex, and uncertain environment. Canadian organizations need to continue to prioritize training and development to attract, recruit, and retain top talent amidst unprecedented labour shortages. Canadian training and development budgets are lower than recommended by human resource professionals. Providing leadership development and training opportunities should be an organizational priority, not only for those employees who are considered “high potential” or those who are in (or close to) the C-suite. Table of Contents Key Findings Invest in Training and Development to Attract, Recruit, and Retain Talent Effective Training Requires Both Time and Money Training the Next Generation of Leaders Should Be a Strategic Priority Definitions of Development Opportunities Recommendations Appendix A—Methodology Appendix B—Glossary Appendix C—Training and Development Information by Organizational Size Appendix D—Bibliography

Training and development are important considerations when employees are deciding to accept a position or stay in their job. This research explores how Canadian organizations invested in such activities during fiscal year 2021.

Document Highlights

There is intense competition for employees who have the leadership skills, abilities, and talents to navigate today’s volatile, complex, and uncertain environment. Canadian organizations need to continue to prioritize training and development to attract, recruit, and retain top talent amidst unprecedented labour shortages.
Canadian training and development budgets are lower than recommended by human resource professionals.
Providing leadership development and training opportunities should be an organizational priority, not only for those employees who are considered “high potential” or those who are in (or close to) the C-suite.

Key Findings
Invest in Training and Development to Attract, Recruit, and Retain Talent
Effective Training Requires Both Time and Money
Training the Next Generation of Leaders Should Be a Strategic Priority
Definitions of Development Opportunities
Recommendations

Appendix A—Methodology

Appendix B—Glossary

Appendix C—Training and Development Information by Organizational Size

Appendix D—Bibliography

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