Canadian HR Strategy

CANADIAN HR STRATEGY/29 A look at the stats and trends that matter when it comes to organizational excellence HR BY THE NUMBERS H R professionals have long understood the benefi ts of investing in talent management. But for those who are still not convinced, here's even more proof: Companies that are "talent magnets" — the top fi ve per cent of companies — substantially outperformed the bottom fi ve per cent of "talent laggards," increasing profi ts 1.5 times faster and increasing revenues 2.2 times faster according to a global survey of 1,263 executives. SOURCE: BOSTON CONSULTING GROUP/BCG PERSPECTIVES Chief nancial of cers are hearing the siren call of consulting — 94 per cent nd the option of a consulting career attractive, according to a survey of about 270 Canadian CFOs. Top reasons for wanting to hang out the shingle: SOURCE: ROBERT HALF MANAGEMENT RESOURCES By the numbers The market for HR technology has grown 50 per cent into a $10-billion industry in the last decade, but questions linger about whether or not that investment is paying dividends. SOURCE: DELOITTE GLOBAL HUMAN CAPITAL TRENDS HR TECHNOLOGY CRASHING? CFOS JUST WANNA CONSULT BUSINESS ETHICS 101 Companies that believe using people analytics is important Non-HR leaders who think the same HR leaders who think HR performance is "adequate, getting by or underperforming" Companies that think they are strong in the area of people analytics 46% Treating employees with respect 33% Treating customers with respect 32% Making safe and reliable products and services Most employees are underwhelmed by their organization's community contributions — just 22 per cent feel proud of the contributions their employer makes to society, according to a British survey of 2,170 people. And nearly one in 10 (nine per cent) have felt pressure to do something unethical in the workplace. According to respondents, the most important signs of a responsible business are: SOURCE: BUSINESS IN THE COMMUNITY 34% VARIETY, CHALLENGE OF THE WORK 16% ALL OF THE ABOVE 8% FLEXIBLE SCHEDULE consulting — 94 per cent nd the option of a consulting career attractive, according to a 10% ATTRACTIVE COMPENSATION 14% ACTIVE EMPLOYMENT 11% ABILITY TO MAKE AUTONOMOUS DECISIONS TALENT MAGNETS ATTRACT PROFITS TOO DRUG COSTS SKYROCKETING Prescription drug bene ts may not stay affordable for long — annual spending on specialty drugs saw double-digit growth in 2014, at 12.1 per cent, according to drug claims from more than seven million Canadians. That represents an unprecedented challenge for plans and puts the affordability of drug coverage at risk, according to a provider of health bene ts management services. SOURCE: EXPRESS SCRIPTS CANADA SPECIALTY DRUGS REPRESENT ONLY 2% OF CLAIMS BUT 25% OF SPENDING SPECIALTY DRUG SPENDING REPRESENTED 24.2% IN 2013. SPECIALTY DRUG SPENDING IS EXPECTED TO REACH 35% IN THE NEXT FIVE YEARS. THE TOP 1% OF ALL CLAIMANTS COMPRISED 28% OF TOTAL SPENDING IN 2014. 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 8% 61% 72% 75%

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