Canadian HR Reporter is the national journal of human resource management. It features the latest workplace news, HR best practices, employment law commentary and tools and tips for employers to get the most out of their workforce.
Issue link: https://digital.hrreporter.com/i/1212438
E D I T O R I A L 6 www.hrreporter.com EDITORIAL Editor/Supervisor: Sarah Dobson Employment Law Editor: Jeffrey R. Smith Labour Relations News Editor: John Dujay Production Editor: Patricia Cancilla Contributors: Melanie Samuels Talya Nemetz-Sinchein CORPORATE Chief Executive Officer Mike Shipley Chief Operating Officer George Walmsley President Tim Duce Chief Information Officer Colin Chan Human Resources Manager Julia Bookallil ADVERTISING Business Development Manager: Fred Crossley (416) 644-8740 ext. 236 fred.crossley@keymedia.com Vice President Sales John Mackenzie PRODUCTION Art Director: Steve Maver Production Coordinator: Kim Kandravy Client Success Coordinator: Kshipra Dhindaw MARKETING AND CIRCULATION Subscriptions and Circulation manager: Keith Fulford Marketing Coordinator: Charlyn Macaraeg Global Head of Media Marketing: Adrijana Monevska ISSUE 33.02.2020 www.hrreporter.com Mental health insights continue to surprise IN the last couple of years, there has been a lot of research looking into mental health in the workplace — and we've covered most of it. So, I like to think I'm pretty well versed when it comes to the latest insights. But two recent surveys piqued my interest and, hopefully, will better inform the e•orts of employers and HR on this front. For one, a survey by Morneau Shepell found that 77 per cent of Canadian employees would consider leaving their current organization for another if their new workplace o•ers the same pay but provides better support for their personal well-being. Surprisingly, 60 per cent would do the same even if it means being paid less. Of course, people may say things in surveys and don't necessarily follow through in real life, but those are high numbers all the same. What's behind them? Well, we've heard plenty of talk about rising stress levels, whether that's due to workload, changing responsibilities or cutbacks. We've also heard about the growing interest in work-life balance and flexibility, particularly among the younger set. But I had to wonder: What kind of mental health support are they looking for? The results are encouraging: People are looking for solutions proven to work, such as talk therapy, digital mindfulness or meditation, prescriptions medication and digital skill-building or cognitive behavioural therapy. Financial stress Also insightful was a survey by the Canadian Payroll Association (CPA) and the Western-Laurier Financial Data Analytics Laboratory that found a higher salary doesn't necessarily equate to financial wellness. While 50 per cent of people with a household income of less than $50,000 are worried about their financial fitness, 20 per cent of those with a household income of at least $150,000 are also financially stressed. "Employers can no longer assume that financial well-being is tied to salary or any generations' predispositions," says CPA president Peter Tzanetakis. Again, it's unclear what's behind the numbers, but I'm assuming the high cost of living in many cities, along with lower wage increases, are partly to blame. Hopefully, growing interest in mental health initiatives will ease at least some of these concerns. "Employers can no longer assume that financial well-being is tied to salary." Sarah Dobson, editor, Canadian HR Reporter group Contents of Canadian HR Reporter are copyright © 2020 HAB Press Limited and may not be reproduced in whole or part without written consent. HAB Press Limited disclaims any warranty as to the accuracy, completeness or currency of the contents of this publication and disclaims all liability in respect of the results of any action taken or not taken in reliance upon information in this publication. HST/GST # 70318 4911 RT0001 Canada Post – Canadian Publications Mail Product Sales Agreement 41261516 International Standard Serial Number 0838-228X. The publishers accept no responsibility for unsolicited manuscripts, colour transparencies or other materials. Manuscripts or other materials must be accompanied by a stamped, self-addressed envelope. KEY MEDIA and the KEY MEDIA logo are trademarks of Key Media IP Limited, and used under license by HAB Press Limited. Canadian HR Reporter is a trademark of HAB Press Limited. 20 Duncan St. 3rd Floor, Toronto, ON. M5H 3G8 www.hrreporter.com Subscription price: Canada: $175 plus tax; US and International: $175 USD Canadian HR Reporter makes every eŸort to ensure accuracy in all items reported, but cannot accept responsibility for the representations or claims made by sources used. It is also not responsible for claims made by its advertisers. DON'T WASTE YOUR TIME RESEARCHING COMPENSATION DATA W E ' V E D O N E T H E H E AV Y L I F T I N G Check out your ever green Labour Market Intelligence data source www.manufacturinggps.ca