Telus, Corus, Walmart top corporate cultures
Telus Corp. (TSX:T), Corus Entertainment (TSX:CJR.B) and Walmart Canada are among the 2009 top 10 “most admired” corporate cultures in Canada, a new survey shows. The list, compiled by executive search firm Waterstone Human Capital, ranked Canadian companies with strong corporate cultures, despite the economic downturn. Companies on this year’s list outpaced the S&P/TSX by an average of more than 300 per cent in the past three years, the survey said. “This proves that an outstanding corporate culture has a significant impact on performance, and that culture is an incredibly valuable asset,” said Waterstone managing director Marty Parker.
Other companies on the list include; Acklands-Grainger Inc., Aviva Insurance Company of Canada, Ceridian Canada Ltd., Fairmont Hotels and Resorts, GoodLife Fitness, Medavie Blue Cross and Starbucks Coffee Canada.
Employment declined, stabilized quickly during downturn
A new report says employment declined much faster in the early months of the current economic downturn than it did early in the recessions of 1981 and 1990. But the analysis by Statistics Canada found employment levels in the next seven months of the current downturn were relatively stable, while employment had continued to decline in previous downturns.
Employment had reached an all-time high by October 2008, but five months later it had fallen 2.1 per cent. After five months in 1981 and 1990, it had declined by 0.8 per cent and 0.6 per cent, respectively. However, in recent months, employment levels have been relatively stable, while employment losses continued for 17 months in 1981-82 and for 11 months in 1990-91.
Employment fell by 400,000, or 2.3 per cent, between October 2008 and October 2009, while the unemployment rate rose to 8.6 per cent from 6.3.