Employee Turnover Is Costing Canadian Companies Big in 2025
TORONTO, June 11, 2025 (GLOBE NEWSWIRE) — As the midpoint of 2025 approaches, many companies are not only focused on hiring but also preparing for a potential rise in employee turnover.
According to a recent Express Employment Professionals-Harris Poll survey, close to 1 in 3 Canadian hiring managers (28%) expect turnover at their company to increase this year.
This growing concern is already impacting company budgets. On average, turnover costs businesses $29,234 annually in expenses like rehiring and lost productivity. For nearly 1 in 5 hiring managers (17%), that number climbs to $100,000 or more each year.
The financial burden of turnover is especially pronounced in larger organizations. Among those who report annual turnover costs of $100,000 or more:
Among those anticipating increased turnover, the most commonly cited reasons include:
In light of these challenges, hiring remains a top priority for Canadian companies. A strong majority (83%) of hiring managers say their companies still plan to hire in 2025, which is in line with last year's figures. Among those, 33% are hiring to increase their overall headcount, while 37% aim to maintain current staffing levels.
Notably, 38% of those planning to hire say the need to replace employees lost to turnover is a key driver behind their plans.
'Employee turnover isn't just a staffing issue, it's a financial one,' said Express CEO Bob Funk, Jr. 'Companies that want to stay competitive must be intentional about retention. That means building a workplace where people see long-term value — not just in compensation, but in leadership, clarity of direction and the opportunity to contribute
meaningfully.'
Survey Methodology
The Job Insights survey was conducted online within Canada by The Harris Poll on behalf of Express Employment Professionals between Nov. 11 – 26, 2024, among 505 Canadian hiring decision-makers.
For full survey methodology, please contact Ana Curic at
Ana@MapleLeafStrategies.com
.
If you would like to arrange for an interview to discuss this topic, please contact Ana Curic at (613) 858-2622 or email
Ana@MapleLeafStrategies.com
.
About Robert (Bob) Funk, Jr.
Robert (Bob) Funk, Jr., is the Chief Executive Officer and Chairman of Express Employment International, a global staffing franchisor founded and headquartered in Oklahoma City, Oklahoma. He leads a portfolio of workforce solution brands, including the flagship Express Employment Professionals franchise, along with several affiliated brands serving specialized markets. The Express franchise brand is an industry-leading, international staffing company with franchise locations across the U.S., Canada, South Africa, Australia and New Zealand.
About Express Employment Professionals
At Express Employment Professionals, we're in the business of people. From job seekers to
client companies, Express helps people thrive and businesses grow. Our international network
of franchises offers localized staffing solutions to the communities they serve across the U.S.,
Canada, South Africa, Australia and New Zealand, employing 427,000 people globally in 2024 and more than 11 million since its inception. For more information, visit
ExpressPros.ca
.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d7d7767a-9983-43fc-9b16-3dfa3543a527
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
Global EV sales rise in May as China hits 2025 peak -Rho Motion
By Jesus Calero (Reuters) -Global sales of electric and plug-in hybrid vehicles rose 24% in May compared with the same period a year ago, as strength in China offset slower growth in North America, according to market research firm Rho Motion. Electric vehicle sales in China surpassed over one million units in a single month for the first time this year, driven by strong domestic demand and targeted export efforts from Chinese manufacturers, notably BYD, tapping into emerging markets. BYD's exports to Mexico and Southeast Asia, along with Uzbekistan, have significantly boosted sales in these regions, Rho Motion data manager Charles Lester said. Fleet incentives in Germany and robust growth in Southern Europe helped lift the European market, while the expiry of Canadian subsidies dragged on North American demand, he added. WHY IT'S IMPORTANT Global automakers face a 25% import tariff in the United States, the world's second-largest car market, causing many of them to withdraw their outlooks for 2025. In Europe, new incentives for fleet buyers in Germany are expected to support electric car sales through the second half of the year. Tesla's Model Y production in Berlin shields it from tariffs, yet it faces market share pressures as production ramps up globally amidst shifting trade tensions. President Donald Trump's stance towards emissions standards and uncertainties around tariffs has also hampered EV growth in North America. In the U.S., tax credits for EVs are still available but will begin phasing out from 2026, contributing to hesitation among buyers. BY THE NUMBERS Global sales of battery-electric vehicles and plug-in hybrids rose to 1.6 million units in May, Rho Motion data showed. Sales in China grew more than 24% from the same month last year to 1.02 million vehicles. Europe posted a 36.2% increase to 0.33 million units, while North American sales edged up just 7.5% to 0.16 million. Sales in the rest of the world rose 38% to 0.15 million vehicles. KEY QUOTE "The story this month with global vehicle sales is the continued chasm between Chinese market growth versus the faltering market in North America," Charles Lester said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Politico
an hour ago
- Politico
Trump wanted ‘90 deals in 90 days.' Instead, he's finding wins where he can.
President Donald Trump is touting this week's trade agreement with China as the latest triumph of his dealmaking acumen. But his celebratory tone belies an uncomfortable reality: For all his optimistic talk on trade, Trump has made little tangible progress since this spring's tariff spree, so far only securing frameworks of agreements with the U.K. and China and leaving American businesses grappling with continued economic uncertainty. Critics and allies alike say Trump's talk about the China 'deal' signals how eager he is to telegraph progress ahead of the White House's July 8 self-imposed deadline to hash out agreements with trading partners. 'We were promised '90 deals in 90 days.' What we have at this point are 'general frameworks' for the U.K. and China,' said Marc Short, who served as Trump's legislative affairs director and Vice President Mike Pence's chief of staff during the president's first term, referencing Trump trade adviser Peter Navarro's vow. The administration will 'present it as if they're making significant progress and hail these general frameworks as really significant breakthrough deals,' Short added. But 'other countries are seeing that, if I wait this out, he's going to be overly sensitive to bond market yields, or he's going to get himself into trouble, and then he's going to need to get out of it with a deal.' The White House, however, sees the agreement with China as a true win — proof that it went toe-to-toe with its biggest economic adversary and held its own. 'We're in a solid place going forward in these negotiations, because the country that could most push back here, tried to push back and it didn't really go well for them,' said a White House official, granted anonymity to share the administration's thinking. 'We feel good about negotiations. We're increasingly walking into these discussions being able to demonstrate that we do have the cards.' But even Treasury Secretary Scott Bessent acknowledged that it was 'highly likely' that the July deadline could be extended for 18 trading partners he said are negotiating in good faith. Trump downplayed those comments when asked about them Wednesday night, saying that while he 'would' extend the deadline, he didn't think he'd have to. This week's tentative deal with China offers Trump a bit of a boost as he prepares to meet with major world leaders at the G7 summit next week in Canada. Representatives from foreign countries view the upcoming confab as the next best vehicle to nail down something concrete on trade, after White House press secretary Karoline Leavitt told reporters on Wednesday that there will be 'quite a few bilateral meetings.' One Canadian official, granted anonymity to speak candidly, said whether progress is made over the next few weeks with any country, 'depends greatly on U.S. bandwidth to respond on tariffs given all other talks.' 'I'd expect if [an agreement] lands, it's much closer to the U.K. document length than 1500+ pages of USMCA,' the official said, referring to the comprehensive North American trade deal known as the U.S.-Mexico Canada Agreement, which Trump negotiated during his first term. The U.S. announced its first trade 'deal' — which was, in reality, the framework for a more detailed future agreement — with the U.K. in May. But that accord has yet to be enacted, with U.S. levies on U.K. exports, including cars, steel and aluminum, remaining in place and provisions on agriculture and other issues still to be hashed out. And this week, Trump quickly declared mission accomplished on China — subject to final approval from both him and China's leader Xi Jinping — even though top negotiators had reached no more than a handshake agreement to deescalate tensions and advance trade talks, after a meeting in Geneva last month failed to move the ball forward. Meanwhile, the administration has continued to promise that deals with major trading partners, like Japan, South Korea, India and the European Union, are 'close' ahead of a July 8 deadline, after which Trump's sweeping and massive 'Liberation Day' tariffs are set to go back into effect. But talks with those countries have yet to bear fruit, and smaller countries, eager to negotiate, are having a hard time getting the administration to consider tweaks to proposals the U.S. has put forward. Even some Trump allies in regular contact with the White House are struggling to understand the administration's approach on trade. If the White House is truly interested in boosting domestic manufacturing, they say, it would move quickly to negotiate deals. That would allow businesses to move forward with some certainty instead of leaving them in limbo. 'You meet with officials at all these agencies, you even meet with Cabinet secretaries, and they all agree that the intent of the tariffs was never to hinder companies who are expanding, or trying to onshore supply chains here,' said one of those allies, granted anonymity to speak candidly about the trade discussions. 'I have no fucking clue what their strategy is.' A second Trump ally was more optimistic, acknowledging that the deals seem 'elusive' but voicing confidence the administration 'can get them done.' Talks with South Korea, for instance, appear to be ramping up after the country's new president, Lee Jae-myung, spoke with Trump last week and selected on Tuesday a chief trade negotiator, Yeo Han-koo. While negotiations between the two countries have been ongoing, the South Korean government had made clear it was not possible to make a deal until a new president was in place after its June 3 elections. Leaders in India, who were negotiating with the administration on trade even before Trump announced its 'Liberation Day' tariffs, appear optimistic that the pace of negotiations is picking up ahead of the July deadline. India's foreign minister Subrahmanyam Jaishankar told the French paper Le Figaro earlier this week he was 'hopeful' the country would soon reach an agreement with the U.S. And conversations with the EU — which had stalled, nearly triggering a trade war last month — have moved into a negotiating stage, though progress still remains elusive. The EU has expressed a willingness to engage on issues that have long irritated the U.S., like energy, semiconductors, steel and aluminum and autos, but the U.S. has indicated it will only make concessions on tariffs implemented since Trump took office, and that its flat 10 percent 'baseline' tariff on all countries is off the table for negotiations. That's clouded talks, despite a positive readout from U.S. Trade Representative Jamieson Greer after a meeting with E.U. trade czar Maroš Šefčovič in Paris last week. 'The erratic behavior of the Trump administration has to stop if we want to reach a deal,' Italian Member of the European Parliament Brando Benifei said in an interview. Benifei, who chairs the European Parliament's Delegation for relations with the United States, added that the Trump administration's decision to hike tariffs on steel and aluminum in the middle of trade talks 'is damaging the ongoing negotiations, increasing more uncertainty also for the global economy.' Japanese officials, meanwhile, left Washington empty handed last week following a fifth round of trade talks. The country's trade negotiators said that while talks had 'progressed' Japan had yet to find 'common ground' with the U.S. Prospects for a deal are slightly better for Mexico. President Claudia Sheinbaum said it was 'very likely' that she would speak with Trump at the G7 summit, which she will attend as a guest of Canadian Prime Minister Mark Carney. The countries are closing in on a narrow deal that could remove the U.S.'s flat 50 percent tariffs on steel, Bloomberg News was first to report. A person close to the White House, granted anonymity to discuss details of the negotiations, told POLITICO that the countries are weighing a quota-based system, and could reveal more details at next week's G7 summit. Those plans, they said, are not final, and the administration is grappling with pressure from its more protectionist factions that have long requested Trump remain focused on reciprocal tariffs in trade talks. Both Mexico and Canada are not impacted by so-called reciprocal tariffs, and received some exemptions for sector-specific duties because of the pre-existing North American trade deal. Other tariffs, such as those on steel and aluminum, remain in full force. Sen. Bernie Moreno (R-Ohio), a staunch Trump ally, argued the pressure to make deals is on foreign governments, not the White House, at this point. 'There's a lot in the hopper. There's pressure on those other countries because quite frankly it's embarrassing to the EU, it's embarrassing to Japan, it's embarrassing to South Korea that we're making a deal with China first,' Moreno said. 'The reality is that those countries just need to step up, acknowledge that we've had a tilted relationship with them for decades and then they need to fix that and come to the table with a legitimate offer to rebalance our trade.' Even without substantial deals, some on the right continue to point out how U.S. tariffs have already significantly shifted the economic conversation. Baseline reciprocal tariffs of 10 percent remain in effect globally, with tariffs in China at an even higher level of about 55 percent, on average. 'Some, they want to call it 'caving' or 'giving in' or something like that,' said Mark DiPlacido, policy advisor at American Compass, a think tank that embraces economic populism. 'But they're not comparing it to the baseline of where things were at at the beginning of the year.'
Miami Herald
an hour ago
- Miami Herald
D. Boral Capital Acted as Sole Bookrunner to Aduro Clean Technologies (Nasdaq: ADUR) in connection with its $8.0 Million Follow-On Offering
NEW YORK CITY, NY / ACCESS Newswire / June 12, 2025 / On June 11, 2025, Aduro Clean Technologies Inc. ("Aduro" or the "Company") (Nasdaq:ADUR)(CSE:ACT)(FSE:9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announced the closing of its underwritten U.S. public offering (the "Offering") of 947,868 common shares, together with accompanying warrants to purchase 473,934 common shares. The combined public offering price per common share and accompanying half warrant was US$8.44. The Company received gross proceeds of approximately US$8 million, before deducting underwriting discounts and offering expenses. The common shares were sold in combination with an accompanying half warrant (with each whole warrant being exercisable into one common share of the Company). Each whole warrant has an exercise price of US$10.13 per share and are exercisable immediately and will expire three years from the date of issuance. Acting as the sole book-running manager for the Offering, D. Boral Capital LLC worked closely with Aduro Clean Technologies's experience CFO, Mr. Mena Beshay on planning and executing this successful transaction. Aduro intends to use the net proceeds from the offering for ongoing research and development costs, expenditures related to the construction of its "Demonstration-Scale" plant and the remainder (if any) for general corporate purposes and working capital. In addition, the Company has granted the underwriters a 45-day over-allotment option to purchase up to an additional 142,180 common shares and/or warrants to purchase an additional 71,090 common shares. The Offering was being made pursuant to an effective shelf registration statement on Form F-10, as amended (File No. 333-287475), previously filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on May 28, 2025, and the Company's Canadian short form base shelf prospectus dated May 28, 2025 (the "Base Shelf Prospectus"). Aduro offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers. The Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in Canada and with the SEC in the United States and is available for free by visiting the Company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at or the SEC's website at as applicable. A final prospectus supplement with the final terms will be filed with the securities regulatory authorities in the Canadian provinces of British Columbia and Ontario and the SEC. Copies of the final prospectus may be obtained, when available, at the SEC's website at or from D. Boral Capital LLC, Attention: 590 Madison Avenue 39th Floor, New York, NY 10022, or by email at dbccapitalmarkets@ or by telephone at +1 (212) 970-5150. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. About D. Boral Capital D. Boral Capital LLC is a premier, relationship-driven global investment bank headquartered in New York. The firm is dedicated to delivering exceptional strategic advisory and tailored financial solutions to middle-market and emerging growth companies. With a proven track record, D. Boral Capital provides expert guidance to clients across diverse sectors worldwide, leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America. A recognized leader on Wall Street, D. Boral Capital has successfully aggregated approximately $30 billion in capital since its inception in 2020, executing ~350 transactions across a broad range of investment banking products. Forward-Looking Statement This press release contains forward-looking statements regarding the Company's current expectations. These forward-looking statements include, without limitation, references to the Company's expectations regarding anticipated use of net proceeds from the Offering. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the factors that may result in changes to the Company's anticipated use of proceeds. These and other risks and uncertainties are described more fully in the section captioned "Risk Factors" in the Company's annual information form dated May 20, 2025, which is available on SEDAR+ at on EDGAR at Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law, including the securities laws of the United States and Canada. For more information, please contact: D. Boral Capital LLCEmail: dbccapitalmarkets@ +1(212) 970-5150 SOURCE: D. Boral Capital
