How the Bank of Canada’s productivity concerns affect employees

The recent remarks by the Bank of Canada’s Senior Deputy Governor, Carolyn Rogers, highlight significant challenges in the Canadian economy related to productivity and inflation.

These problems don’t just affect the economy; they have real implications for employees across the country, particularly in non-unionized sectors. Understanding these implications is crucial for employees to be aware of their rights and potential changes in the workplace environment. Here’s how the Bank of Canada’s concerns might impact employees in Ontario, Alberta, and British Columbia.

Changes in the workplace

Higher work expectations

Companies might expect you to do more work or meet higher standards to keep up productivity. This could mean an increase in workload without a raise or extra benefits. If your employer does pile more work on your plate without your consent, it could trigger a constructive dismissal – and a full severance package totalling as much as 24 months’ pay.

Investment in technology and training

Your workplace might start using new technology or offer training to help everyone work better. This can make your job easier in the long run, but might require some adjustment. It could also result in layoffs dues to efficiency through things like Artificial Intelligence (AI).

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• Can I be fired and replaced with artificial intelligence?
• Can employers use AI to decide who to fire?

Job security and opportunities

Keeping your job might get tougher

As companies aim for better productivity, they may tighten performance standards. If you don’t meet these new goals, you could be put on a Performance Improvement Plan (PIP). This plan is often used by companies to address and document performance issues, and it could lead to job termination if improvements aren’t seen.

Opportunities to develop skills

With a push for better productivity, your company might offer more chances to learn new skills, which is great for advancing your career.

What about wages?

Wages might not increase right away

Even if your company is doing better with productivity, it doesn’t always mean you’ll see a higher paycheck immediately, especially if the company is focused on cutting costs.

LEARN MORE
• How pay raises work for Ontario employees
• Fired for asking about a pay raise in B.C.
• What happens if you’re fired in Alberta over a wage increase

Better pay in the long run

If companies keep doing well because of productivity gains, this could eventually lead to higher wages and better benefits for everyone.

Lost your job? Talk to an employment lawyer

If you are fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.