EMPOLYMENT CHARACTERISTICS
IN THE
BEGINNING
WHY STUDY
HEAD AND REGIONAL OFFICES
 Better understand the role of HROs in the
economy
 GDP, income, jobs and supply cha...
IMPACT OF THE INSURANCE INDUSTRY
HRO INSURANCE
HRO INSURANCE
EMPOLYMENT CHARACTERISTICS
HALIFAX HRO
IMPACT
Presented by Funders
OBJECTIVES
 A blueprint to attract, retain and grow HROs
 Develop a value proposition for HRO growth
 How do we best ma...
APPROACH
 Literature review
 Trends
 Benchmarking
 Best Practices
 Impact analysis
EMPOLYMENT CHARACTERISTICS
HRO
PROFILE
8.2
CANADA
7.1
BC 10.7
AB
8.9
SK
8.7
MB
8.5
ON
7.21
QC
7.1
NB
8.2
NS
7.0
NL
HEAD OFFICES IN CANADA
Ratio of Head Offices p...
HOW ARE OTHERS BUILDING THEIR HRO BASE?
 Mississauga
 Building existing relationships
 Calgary
 “Western Canada’s Head...
OTHER JURISDICTIONS PAYING ATTENTION TO
HEAD OFFICES
HEAD OFFICE TRENDS
EMPOLYMENT CHARACTERISTICS
IMPACTS
ECONOMIC
APPROACH
 Impact Analysis
 61 company cross section
 32 interviews, 19 third party data
 Study included 24 of the 78 h...
THE HRO SECTOR IS 3 TO 5 TIMES
LARGER THAN THE CROSS SECTION
USED IN THIS STUDY
3x
5x
To
Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013
30%
MANUFACTURING
16%
FINANCE,
INSURANCE, AND
REAL ESTATE
2...
Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013
PROFESSIONAL, SCIENTIFIC
& TECHNICAL SERVICES
MANUFACTURI
N...
13,460
SPINOF
F
Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013
IMPACTS ON THE NOVA SCOTIA ECONOMY
PERSON-Y...
POTENTIAL HOUSEHOLD SPENDING IN NOVA SCOTIA
MORTGAGES
$77.5 M
RENT
$43.9 M
UTILITIES
$56.2 M
HOUSEHOLD MAINTENANCE
$8.5 M
...
POTENTIAL HOUSEHOLD SPENDING IN NOVA SCOTIA
RESTAURANT MEALS
$38.2 M
STORE-BOUGHT
FOOD
$101.4 M
TOTAL
$139.6 M
FOOD SPENDI...
Source: Economics and Statistics Division, Nova Scotia Department of Finance, 2014
$1.1
BILLION
SPINOFF
GROSS
DOMESTIC
PRO...
Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013
DIRECT GDP PER WORKER
TOTAL NOVA SCOTIA ECONOMY
(2012)
$93,...
CHARITABLE GIVING & COMMUNITY DEVELOPMENT
Community
Development
Participation
Employee
Giving
Corporate
Giving
EMPOLYMENT CHARACTERISTICS
OBSERVATIONS
KEY
“Head Offices are precious jewels in our economy.
They provide high paid career development opportunities,
job security, e...
Source: National Household Survey 2011
HALIFAX’S SHARE OF N.S. PRIVATE SECTOR MANAGERS
SENIOR
MANAGERS IN
FINANCIAL,
COMMU...
CHOOSING A HEAD OFFICE LOCATION
Auther D. Little
OBSERVATIONS
 11 jobs for every additional $million in GDP
 M&A means HROs are always disappearing
 Creating new head o...
WHAT TO WORK ON
 Quality of place
 Tax and regulation
 Support services (ICT, legal, PR, accounting)
 Transportation l...
34
34
THANK
YOU!
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
Head and Regional Office Report Presenation
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Head and Regional Office Report Presenation

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The Greater Halifax Partnership released the findings of their Head and Regional Office (HRO) Report. This presentation illustrates why HROs are viable for the city of Halifax.

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  • Research shows that head offices tend to be in major cities….$1million +¾ of Canadian Head office are locaed in MTV+GNumbers of Head Offices are certainly affected by M&A actitivity nd foreign take overs….but new ones are being created all the timeJust because we have seen M&A activity in Halifax in recent years shouldn’t mean our status as a head and regional office location should deminishIndeed we should be able to grow them if we cultivate the right environment.Most new head offices come from small companies growing larger. Nova Scotia is at the Canadian average..Westward shift in concentration…with Alberta with the highest concentrationHave had a Head Office Strategy for some time.
  • Head and Regional Office Report Presenation

    1. 1. EMPOLYMENT CHARACTERISTICS IN THE BEGINNING
    2. 2. WHY STUDY HEAD AND REGIONAL OFFICES  Better understand the role of HROs in the economy  GDP, income, jobs and supply chain  Impact on quality of life  Disproportionate impact?  HROs behavior during economic cycles  Find ways to retain and grow HROs
    3. 3. IMPACT OF THE INSURANCE INDUSTRY
    4. 4. HRO INSURANCE
    5. 5. HRO INSURANCE
    6. 6. EMPOLYMENT CHARACTERISTICS HALIFAX HRO IMPACT
    7. 7. Presented by Funders
    8. 8. OBJECTIVES  A blueprint to attract, retain and grow HROs  Develop a value proposition for HRO growth  How do we best market Halifax for HROs  Raise awareness about HRO impact  Develop an approach for HRO outreach
    9. 9. APPROACH  Literature review  Trends  Benchmarking  Best Practices  Impact analysis
    10. 10. EMPOLYMENT CHARACTERISTICS HRO PROFILE
    11. 11. 8.2 CANADA 7.1 BC 10.7 AB 8.9 SK 8.7 MB 8.5 ON 7.21 QC 7.1 NB 8.2 NS 7.0 NL HEAD OFFICES IN CANADA Ratio of Head Offices per 100,000 Population Source: Statistics Canada, Annual Head Office Survey, 2012, CANSIM Table 528-0001
    12. 12. HOW ARE OTHERS BUILDING THEIR HRO BASE?  Mississauga  Building existing relationships  Calgary  “Western Canada’s Head Office Centre”  Montréal  Listed head offices as a priority sector  British Columbia  International Head Office Attraction Strategy
    13. 13. OTHER JURISDICTIONS PAYING ATTENTION TO HEAD OFFICES
    14. 14. HEAD OFFICE TRENDS
    15. 15. EMPOLYMENT CHARACTERISTICS IMPACTS ECONOMIC
    16. 16. APPROACH  Impact Analysis  61 company cross section  32 interviews, 19 third party data  Study included 24 of the 78 head offices in NS  Difficult to determine number of regional offices
    17. 17. THE HRO SECTOR IS 3 TO 5 TIMES LARGER THAN THE CROSS SECTION USED IN THIS STUDY 3x 5x To
    18. 18. Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013 30% MANUFACTURING 16% FINANCE, INSURANCE, AND REAL ESTATE 21% PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES 8% INFORMATION & CULTURAL INDUSTRIES 7% CONSTRUCTION 5% ADMINISTRATIVE & SUPPORT, WASTE MANAGEMENT & REMEDIATION 3% UTILITIES 3% MINING, QUARRYING, & SUPPORT 3% TRANSPORTATION & WAREHOUSING 2% HEALTH CARE & SOCIAL ASSISTANCE 2% RETAIL TRADE HEAD & REGIONAL OFFICES BY MAJOR SECTOR, HALIFAX
    19. 19. Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013 PROFESSIONAL, SCIENTIFIC & TECHNICAL SERVICES MANUFACTURI NG FINANCE, INSURANCE & REAL ESTATE OTHER (MINING, CONSTRUCTION, RETAIL, HEALTH CARE) INFORMATION & CULTURAL INDUSTRIES TRANSPORTATION & WAREHOUSING HRO EMPLOYMENT BY MAJOR SECTOR, HALIFAX 29% 24%18% 13% 11% 6%
    20. 20. 13,460 SPINOF F Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013 IMPACTS ON THE NOVA SCOTIA ECONOMY PERSON-YEARS OF EMPLOYME NT 12,151 DIREC T TOTAL 25,611 HOUSEHOLD INCOME $574.5 MILLION DIRECT $744.1 MILLIO N SPINOF F TOTAL $1.3 BILLION
    21. 21. POTENTIAL HOUSEHOLD SPENDING IN NOVA SCOTIA MORTGAGES $77.5 M RENT $43.9 M UTILITIES $56.2 M HOUSEHOLD MAINTENANCE $8.5 M BUYING CARS, VANS, TRUCKS $83.7 M
    22. 22. POTENTIAL HOUSEHOLD SPENDING IN NOVA SCOTIA RESTAURANT MEALS $38.2 M STORE-BOUGHT FOOD $101.4 M TOTAL $139.6 M FOOD SPENDING CHARITABLE CONTRIBUTIONS $11.9 M ENTERTAINMENT $11.9 M RETAIL ITEMS $92 M
    23. 23. Source: Economics and Statistics Division, Nova Scotia Department of Finance, 2014 $1.1 BILLION SPINOFF GROSS DOMESTIC PRODUCT $1.3 BILLION DIRECT TOTAL $2.4 BILLION FEDERAL $192.7 MILLION PROVINCIAL $193.9 MILLION GDP IMPACT TAX CONTRIBUTION
    24. 24. Source: Hoovers, InfoCanada, Greater Halifax Partnership, 2013 DIRECT GDP PER WORKER TOTAL NOVA SCOTIA ECONOMY (2012) $93,350 SAMPLED HROs IN HALIFAX (2013) $109,760 AVERAGE WAGES (2012) ALL INDUSTRY AVERAGE, NOVA SCOTIA $790 HEAD OFFICE OPERATIONS, HALIFAX $1,083
    25. 25. CHARITABLE GIVING & COMMUNITY DEVELOPMENT Community Development Participation Employee Giving Corporate Giving
    26. 26. EMPOLYMENT CHARACTERISTICS OBSERVATIONS KEY
    27. 27. “Head Offices are precious jewels in our economy. They provide high paid career development opportunities, job security, earnings as well as build supplier communities. Head offices build wealth and growth that stays here, in Nova Scotia.” Steve Parker, Chairman & CEO, CCL Group
    28. 28. Source: National Household Survey 2011 HALIFAX’S SHARE OF N.S. PRIVATE SECTOR MANAGERS SENIOR MANAGERS IN FINANCIAL, COMMUNICATION S, & OTHER BUSINESS SERVICES 72% 61% 51%SENIOR MANAGEMENT OCCUPATIONS ALL MANAGEMENT OCCUPATIONS
    29. 29. CHOOSING A HEAD OFFICE LOCATION Auther D. Little
    30. 30. OBSERVATIONS  11 jobs for every additional $million in GDP  M&A means HROs are always disappearing  Creating new head offices means helping a handful of existing companies grow  HROs are heavily integrated into the Halifax economy  HROs are inter-dependent  HROs are a source of community pride
    31. 31. WHAT TO WORK ON  Quality of place  Tax and regulation  Support services (ICT, legal, PR, accounting)  Transportation links  Community needs to engage with HROs  HROs need to engage with community
    32. 32. 34 34
    33. 33. THANK YOU!
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