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November 1, 2009
Never to busy or too small to have an HR Plan
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Canadian repair and service facilities that have an HR plan on retention issues in place outperform those that don’t. If your shop is not among the 34% that have a plan in place to deal with recruitment and retention and other HR issues, then here are some reasons why it should:
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Shops with HR plans make more money. 50% of those with HR plans have revenue of $1 million or more, compared to 26% of employers who have no HR plan.
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60% of employers with HR plans saw revenue growth in 2008, compared to 49% for those without.
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Shops with HR plans expect their revenue to grow, on average, by 4.1% for 2009. Employers without HR plans expect an average revenue growth of 3.3%.
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These numbers, taken from employer data from the 2009 labour market update study conducted by the Canadian Automotive Repair and Service Council, give a strong indication that having an HR plan in place is paying off for employers.
Look for further labour market details coming up on www.cars-council.ca.
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