28 Mar Leadership for a productive (and prosperous) Canada

Senior Deputy Bank of Canada Governor, Carolyn Rogers, was in Halifax March 26th, and called out Canada’s poor productivity over the past 25 years with a worsening trend compared to G7 countries. She sounded the alarm for private sector companies and governments to reverse the trend by focusing on investments in people, technology and innovation.

This topic has heightened conversation throughout our executive advisory firm and with clients about how leaders can address the productivity crisis for the long-term sustainability of companies and organizations.  This includes carefully embedding questions in the executive recruitment process and in our talent strategies. More specifically, we’re focused on leadership attributes and competencies, performance metrics, organizational structure and compensation frameworks that put this topic on the priority list.

Reversing Canada’s productivity record is a multi-faceted challenge but rest assured that leaders and organizations prioritizing investment in people, technology and in fostering a culture of innovation, are on the right path.