Business success depends on attracting and retaining the best people: EY

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(Toronto, 14 November 2012) – Known around the globe for its leading people culture, EY was named one of the 25 World’s Best Multinational Workplaces in 2012 by Great Place to Work®.

“In Canada — and around the world — we continually strive to ensure EY is the place the best people want to work, and where we all feel proud to work,” says Stephen Shea, People Leader at EY in Canada. “We believe that if we attract, retain and invest in the best people, we will deliver exceptional results for our clients. We’re very humbled to be recognized with this award for our commitment to that philosophy.”

A new EY report released this week backs up the firm’s belief about investing in people. Paradigm shift: building a new talent management model to boost growth finds that investment in talent boots the bottom line.

“Our study finds that achieving superior financial results on a sustainable basis depends on making the right investments in talent,” says Shea. “Yet it is clear that many companies remain reluctant to make that commitment. Even among high-performing organizations in our survey, just 45% say their company is effective at investing adequately in talent management to meet financial targets; among low performers, this proportion falls to 36%.”

Moreover, the report finds that companies around the globe are facing a scarcity of talent, which is quickly turning out to be the single biggest obstacle to growth. Globally, companies are having trouble filling critical positions — roles in which they need people with the advanced skills essential to move the business forward.

“Organizations really need to actively work to shape and nurture their people,” urges Shea. “Their bottom line depends on it.”

About World’s Best Multinational Workplaces

The second annual World’s Best Multinational Workplaces list ranks the top 25 global companies to work for. Qualifying companies must have appeared on at least five national Great Place to Work®  lists, have at least 5,000 employees worldwide, and at least 40% of their global workforce must work outside the company’s home country.

In 2012, EY appeared on national Great Place to Work® lists in Canada, the US, the UK, Australia, India and Mexico.

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About EY

EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.