Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tipping Scales: Work-Life Balance Outweighs Salary as Top Perk for Canadian Workers

09/15/2021 | 06:01am EDT

One-third of working Canadians surveyed say work-life balance plays a more important role than prior to the pandemic

TORONTO, Sept. 15, 2021 /CNW/ - While salary and benefits historically top the list of incentives for current and prospective employees, a new study by ADP Canada and Maru Public Opinion indicates work-life balance now outweighs pay. The study found respondents prioritizing work-life balance as a top factor for remaining in their current workplace and when exploring new opportunities.

Eyeing New Industries and Opportunities

While there is no doubt the pandemic hasn't left any sector untouched, it's also affected how working Canadians feel about their industry or current position. According to the survey, 15 per cent of employed Canadians voluntarily transitioned to a new position, a new industry or left the workforce altogether during the pandemic. When looking at just remote workers, that number grew to 22 per cent.

When asked why they decided to change their career path, working Canadians cited changes in their  personal lives (33%), the need to limit workload and stress (29%) and the desire for more flexible hours (28%) as their top three reasons - underscoring that work-life balance played a key role in their decision for change.

As for who's been making the jump to a new industry, young Canadians, aged 18-34, were the most likely to report transitioning to a new industry during the pandemic at 13 per cent, compared to only three per cent of those aged 35-54.

The Rise of Remote Work

Throughout the pandemic, many industries transitioned to remote work. What started as a short-term solution is now a new way of life for many Canadian employees, and an expectation for new candidates.

According to the survey, nine-out-of-ten remote workers hope to continue working remotely some or all days during the week, citing, work-life balance as the most important factor. When asked to compare their current priorities to those before the pandemic, 31 per cent of working Canadians say that a job that respects their work-life balance is more important to them now, compared to only 20 per cent who felt salary had become more important.

This focus on work-life balance was even more apparent when it came to remote workers, with 39 per cent saying work-life balance is more important to them now than pre-pandemic. Canadians aged 35-54 also felt this way, with 42 per cent putting work-life balance at the top of the list, compared to 37 per cent of respondents aged 18-34 and 38 per cent of respondents aged 55+.

"The data shows there has been a significant shift in what working Canadians value within their current workplace, and what they're looking for from future employers," said Heather Haslam, Vice President Marketing, ADP Canada. "For what appears to be the first time ever, more and more Canadians - especially those who work remotely - are prioritizing work-life balance, over salary."

Impact on Recruiting

This prioritization of work-life balance also appears to be influencing how companies recruit new talent.

According to the survey, one-in-five (19%) of employed Canadians have been approached by a competing employer in the past six months offering better work conditions – and this strategy appears to be working. When asked about their next work-life move, 63 per cent of Canadians have started to think about it.

As to what they're looking for in a new role, work-life balance topped the list once again, with one-third (32%) of working Canadians stating that an organization that respects their work-life balance is most important to them when they're looking for a new job. This was followed by salary at 25 per cent.

"This data draws a clear picture of what working Canadians are looking for, and what workplaces should be prioritizing as we move forward," adds Haslam. "Work and life are not independent entities fighting for a 50/50 balance.  To attract and retain employees, companies need to acknowledge work and life are intertwined with one affecting the other." 

Survey Methodology

From September 1st to September 3rd 2021, an online survey of 3,032 randomly selected Canadian adults who are Maru Voice Canada panelists (of whom 1,775 were employed) was executed by Maru/Blue. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 2.2%, 19 times out of 20. The results have been weighted by education, age, gender and region (and in Quebec, language) to match the population, according to Census data. Discrepancies in or between totals are due to rounding.

About ADP Canada

Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. For more information about ADP Canada visit www.adp.ca or follow us on Twitter @ADP_CDA.


© Canada Newswire, source Canada Newswire English

10/15AUTOMATIC DATA PROCESSING : Press Release (opens in new window)
10/15AUTOMATIC DATA PROCESSING : ADP to Host 2021 Investor Day
10/14MICROSOFT : Nominates Automatic Data Processing's CEO Rodriguez to Its Board
10/14MEDIA ALERT : September 2021 ADP Canada National Employment Report to be released on Thurs..
10/07AUTOMATIC DATA PROCESSING : ADP Canada Receives "2021 Best Places to Work" Designation fro..
10/06ADP NATIONAL EMPLOYMENT REPORT : Private Sector Employment Increased by 568,000 Jobs in Se..
10/06MARIA MARTINEZ : U.S. Private Sector Job Gains Increased in September, Beating Expectation..
10/05US ECONOMICS : September Private Payrolls Likely Rose by 430K
10/04SHANGHAI STOCK EXCHANGE B SHARES IND : China Posts Nearly $54 Billion Trade Surplus in Q2 ..
09/30AUTOMATIC DATA PROCESSING : As Businesses Struggle to Attract Workers, ADP Research Instit..
More news
Analyst Recommendations on AUTOMATIC DATA PROCESSING, INC.
More recommendations
Financials (USD)
Sales 2022 16 020 M - -
Net income 2022 2 799 M - -
Net cash 2022 402 M - -
P/E ratio 2022 32,1x
Yield 2022 1,82%
Capitalization 90 061 M 90 061 M -
EV / Sales 2022 5,60x
EV / Sales 2023 5,25x
Nbr of Employees 56 000
Free-Float 66,2%
Duration : Period :
Automatic Data Processing, Inc. Technical Analysis Chart | ADP | US0530151036 | MarketScreener
Technical analysis trends AUTOMATIC DATA PROCESSING, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 20
Last Close Price 213,05 $
Average target price 209,53 $
Spread / Average Target -1,65%
EPS Revisions
Managers and Directors
Carlos A. Rodriguez President, Chief Executive Officer & Director
Don McGuire Chief Financial Officer & Vice President
John P. Jones Non-Executive Chairman
Donald Weinstein Vice President-Global Product & Technology
Michael Anthony Bonarti Chief Administrative Officer
Sector and Competitors
1st jan.Capi. (M$)
ACCENTURE PLC32.38%220 910
SNOWFLAKE INC.20.73%102 228
INFOSYS LIMITED45.10%101 701