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Banking on productivity - CFERF report

Banking on productivity - CFERF report

June 17, 2013

Managing employee health costs

More than half of Canadian financial leaders in a recent survey say employee health, drug and disability costs have increased significantly or are expected to rise. Yet only 15% of those surveyed have considered a funding strategy to address the impact of future cost drivers such as an ageing workforce, drug plans, disability plans and legislative changes. According to the results of an online survey conducted by the Canadian Financial Executives Research Foundation and sponsored by Morneau Shepell, recruitment challenges and employee engagement issues stand out as the greatest threats to work productivity over the next five years. Survey respondents rated these two issues as their top challenges. (56% rated employee engagement as the first or second greatest threat to productivity, while 50% of respondents rated recruitment issues as a number one or two issue.)