Retain & Gain: Career Management for Small Business is now available for download.
Retain and Gain: Career Management for Small Business is an action-focused playbook with:
- 15+ Did You Know? Callouts – facts and statistics that shed new light on Canada’s small business economy and workforce
- 40+ Tips, Activities and Actions - specific actions SME owners can take right now to attract, engage and retain their workforce
- Planning templates and links to unique resources
- Special sections for workforce suggestions for new graduates, the ageing workforce and family businesses
- 50-60 pages, available in English and French
- An exploration of top career management issues based on best practices research and interviews with SMEs across Canada from different sectors, and the guidance of an Advisory Committee
- Innovative “travel guide” format with easy-to-implement activities that can be accomplished in as little as 10 minutes a day (worksheets and additional references included)
- Focus on developing skills, knowledge and abilities of employees to retain talent and contribute more to the business
- Connections between career management to the biggest barriers for small business (e.g., cash flow, time management, desire for growth) and addresses prime concerns (e.g., perceived lack of scope for career progression in flat organizations).
Retain and Gain is published by CERIC
In Canada, 99.7% of all businesses with employees are small- or medium-sized enterprises (SMEs), with the vast majority of organizations falling into the category of “micro business,” employing 10 or fewer employees. In 2015, SMEs employed 90.3% of the private sector workforce (10.5 million Canadians).
In 2014, CERIC (Canadian Education and Research Institute in Counselling) conducted an Environics survey that identified career and talent management as a critical and unserved issue for Canadian SMEs. Until now, most resources for entrepreneurs and SME owners focus on how to finance their enterprises. However, in a study conducted by author Lisa Taylor it was discovered that the following issues keep SME owners up at night:
- 83% worried about engaging and retaining employees
- 66.7% indicated finding the right talent and recruitment was a challenge
- 61.1% were concerned about developing new leadership candidates and Managers
- 50% wondered how to provide career development opportunities for employees throughout their careers with limited opportunities for promotion
- 50% worried about compensating and rewarding employees (although only 38% of respondents indicated they were worried about managing tight salary budgets in a competitive market)