The Beacon Group Launches Human Capital Leaders Study

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The Beacon Group is launching its Human Capital Leaders survey to collect the expert opinion of over 5,000 Canadian executives on the economy and on the state of Human Capital Management.

The Beacon Group is launching its Human Capital Leaders survey to collect the expert opinion of over 5,000 Canadian executives on the economy and on the state of Human Capital Management.

The Beacon Group conducts its Human Capital Leaders survey each year to get a feel for the state of Human Capital Management in Canada. The survey is distributed to thousands of HR and other business professionals, and the complete survey results are published nationally each year. This year, the survey will feature an extra section on the Canadian economy to evaluate the effects of the current downturn on human capital projects and plans at major corporations across Canada.

The Beacon Group is a Canadian-based professional services firm providing support to clients throughout North America and around the world. The Beacon Group focuses on helping organizations leverage their investment in their people. Their full line of service offerings can help organizations understand their strengths and weaknesses, but also to develop and deliver programs that help address key areas of concern, and enhance current strengths.

The 2008 Human Capital Leaders survey indicated that executives and managers across Canada sounded an important warning regarding the lack of strategic direction for Canadian companies.

The 2008 Human Capital Leaders study highlighted the following points:

•Where are we going? That was the resounding question confronting nearly three quarters of Canadian corporate leaders last year. Economic conditions and competitive pressures were posing strategic questions that leaders know their companies cannot answer.
•Canadian executives - 66% of them - overwhelmingly indicated that external market challenges are the biggest threats to their companies. A telling figure, given where organizations find themselves in today’s market conditions.
•More than half of Canadian corporate leaders pointed to retention and succession planning as the biggest blindspots in their corporate strategies.
•Human Resource departments in Canada admitted they were still heavily focused on attracting and retaining talent through compensation - a strategy dismissed as out of step with younger Generation Y employees entering the workforce.

The 2008 survey also identified the most admired Canadian companies for their overall management of People & Human Capital.

WestJet, Research in Motion and Canadian Tire topped the 2008 study.

Other Canadian companies that were cited for Human Capital excellence in the survey included: Apple Canada Inc., Bank of Montreal, BMW Canada Inc., Ceridian Canada Ltd., Ellis-Don Corporation, Fairmont Hotels and Resorts, Federal Express Canada Ltd., Four Seasons Hotels and Resorts, Great West Life Assurance Company, IKEA Canada Ltd., I Love Rewards Inc., Magna International Inc., Manulife Financial, McDonald's Restaurants of Canada Ltd., PricewaterhouseCoopers LLP, Royal Bank of Canada, Scotiabank, TD Bank Financial Group, TELUS and Vancity.

The 2008 Human Capital Leaders study results can be found at: http://thebeacongroup.ca/human-capital-leaders/2008/

The Beacon Group is a leading advising firm in the field of organizational development. Companies across various industries have used The Beacon Group’s assessment products and advising services to leverage their investment in Human Capital. The Beacon Group specializes in Employee Surveys, 360 Feedback Assessments, Early Talent Identification (ETI), Management Training, and Performance Management Systems. Clients including Mercedes-Benz, Aeroplan, Xerox, Sony and SAP have used The Beacon Group’s services to grow their thriving businesses. For more information visit http://www.thebeacongroup.ca

For media inquiries or to complete a copy of the 2009 survey please speak to Michael Sitayeb at 1-866-240-3948 or email at michaels(at)thebeacongroup.ca.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Michael Sitayeb
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