Citrix® Arms Canadian Companies in War for Talent

Rhea-AI Summary

Citrix Systems (NASDAQ: CTXS) has released a survey revealing that 40% of Canadian office workers are considering leaving their jobs due to a lack of flexibility. The findings indicate that 83% prioritize the ability to work from anywhere, and nearly half would accept lower pay for this flexibility. Furthermore, 27% of respondents left for more innovative roles, highlighting the importance of employee experience. Concerns about a potential digital divide in hybrid work models were also noted, with 34% fearing remote workers will face career disadvantages.

Positive

• 83% of workers prioritize flexible work arrangements.
• 49% would accept a pay cut for remote work options.
• Survey highlights a competitive edge for companies offering flexibility.

Negative

• 40% of workers are considering job changes due to inflexibility.
• 34% believe remote employees face career disadvantages.

New survey provides insights into actions Canadian businesses can take to attract and retain talent

MISSISSAUGA, Ontario--(BUSINESS WIRE)-- Canadian companies may struggle with a potential talent shortage if they do not address workers’ preferences, including remote and flexible work options. According to a survey conducted by Citrix Systems, Inc. (NASDAQ: CTXS) 40 percent of Canadian office workers surveyed have left or are considering leaving their jobs. So what are employees looking for? And what can enterprises do to mitigate its impact?

“Employees today are willing to jump ship for jobs that allow them the freedom and flexibility to do meaningful work from the location of their choice and be given equal opportunities to contribute and advance their careers,” said Tim Minahan, Executive Vice President of Strategy, Citrix. “To attract the workers they need to move their business forward in one of the tightest labour markets the world has ever seen, Canadian companies will need to take the shifting expectations of employees seriously.”

Among the key findings of the Citrix survey:

Flexibility is Key

Today’s workers prefer flexible arrangements that give them the freedom to choose where they work best, including at home, in the office or on the road.

• 83 percent of respondents said it was “very” or “somewhat” important that they be able to work from anywhere
• 49 percent said they would accept a pay cut in return for the ability to do so
• Canada is leading the U.S. in this regard - 37 percent of Canadian knowledge workers state they currently have the option to fully work remotely compared to only 19 percent in the U.S.

Employee Experience has Never Mattered More

Modern workers want to engage in innovative work, be productive and make meaningful contributions to the business that are valued - without interference from complex technology and processes. As the Citrix survey reveals, they’re likely to move on if they can’t:

• 27 percent of workers polled left jobs for positions that provide more opportunities to innovate and try new things
• 26 percent were not engaged in or passionate about their former role
• 31 percent were frustrated by overly complicated technology and processes
• 33 percent believe they can do more meaningful work in their new roles
• 33 percent feel their contributions are valued and recognized

Fear of the Digital Divide is Real

The global pandemic has made clear that remote work can boost employee engagement and productivity. But as companies transition to hybrid models, there is fear it will open a new digital divide.

“If left unchecked, hybrid models can quickly establish two classes of workers and infuse the workplace with inequity and bias,” adds Minahan.

Respondents to the Citrix poll support this notion:

• 34 percent believe remote employees will be at a career disadvantage for not working out of a central office location
• 53 percent think they will be less likely to be considered for promotion/advancement opportunities

In addition to revealing why workers are leaving jobs, the Citrix survey also sought to understand what keeps them around. Of the respondents who indicated they have not changed jobs:

• 48 percent like what they do
• 46 percent say their benefits are competitive and beyond financial security, provide for their physical and mental well being
• 42 percent can work flexibly
• 34 percent are afraid to make a change given the ongoing uncertainty
• 29 percent feel trusted and empowered to work when and how they work best

“The battle for workers has never been fiercer,” Minahan said. “To remain competitive, Canadian companies must embrace flexible work models that allow them to find talent where they live. And to keep them, they must create an equitable environment in which employees can engage and collaborate in a transparent and efficient way regardless of where they are located.”

Citrix provides a complete digital workspace platform that companies can use to enable hybrid work and create the space employees need to succeed, wherever they happen to be. Click here to learn more about the company’s solutions and how they can empower your team to be and do their best.

About Citrix

Citrix (NASDAQ: CTXS) builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments.

For Citrix Investors:

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.

© 2021 Citrix Systems, Inc. Citrix, the Citrix logo, and other marks appearing herein are the property of Citrix Systems, Inc. and may be registered with the U.S. Patent and Trademark Office and in other countries. All other marks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005274/en/

David Rodriguez

Citrix

david.rodriguez@citrix.com

786-449-3757

Source: Citrix Systems, Inc.

FAQ

What does the recent Citrix survey indicate about Canadian workers' preferences for flexible work?

The survey indicates that 83% of Canadian office workers prioritize flexible work arrangements, with many willing to accept pay cuts for the ability to work remotely.

What percentage of Canadian office workers are considering leaving their jobs according to Citrix?

According to the Citrix survey, 40% of Canadian office workers are considering leaving their jobs.

What are the main reasons Canadian workers would leave their jobs, based on the Citrix survey?

Main reasons include a lack of flexibility, opportunities for innovation, and frustrations with complex technology.

What implications does the Citrix survey suggest regarding hybrid work models?

The survey suggests that hybrid models could create a digital divide, with 34% of respondents fearing that remote employees will face career disadvantages.