Tag Archive for: recruiting

The search for top talent is always a priority for managers trying to harness a capable and robust workforce. However, the effort to retain talent once hired is just as critical. According to the U.S. Bureau of Labor Statistics, 3 million Americans quit their job every month; other studies indicate that roughly 30% of all new hires quit before getting to the half-year mark.

This trend can be the leaking bucket in your company. It paralyzes your business’ core functions, and the process of hiring and training a replacement can be a costly one.

But how do you retain your mission-critical employees in such a highly competitive job market? In this article, we’ll explore seven employee retention strategies to help you maintain a talented workforce years on end and ultimately drive your business growth.

 

1. Get it Right from the Start

Some estimate that as much as 80% of employee turnover is due to poor hiring decisions. It’s vital to realize that retention starts from the beginning of the hiring process, from the application and screening to choosing the ideal candidates. Identify what skill sets, values, and experiences you want to emphasize in your company, and then look out for those in your candidates.

This approach allows you to hire people who fit your company’s expectations and whose expectations you can fulfill. A team that resonates with your company’s culture is more likely to stay and contribute, thus leading to increased productivity.

Working with a staffing and talent firm that can evaluate your company’s goals and staffing needs is also an excellent option to onboard the ideal candidates for your company.

 

2. Invest in Employees Professional Development

Helping your team achieve their long and short-term goals is one of the most crucial employee retention strategies. A significant percentage of employees report that their job satisfaction is tied to having a clear path for career growth.

Think of investing in your employees as a long game; it links their career development goals to your company, which prompts them to say. The longer they stay, the more productive they become, which ensures your return on investment.

Consider designing in-house training and mentorship programs to foster professional development. You may also want to adopt other methods such as paying for your employees to attend conferences and workshops, offering tuition reimbursements, and promoting from within whenever possible.

 

3. Provide and Receive Feedback

Your employees need feedback to do their best at work and focus on areas of improvement. Frequent positive feedback motivates your workforce and gives them the determination to be their best. Constructive criticism is equally essential to rectify an issue that may otherwise escalate into more significant problems for your business.

On the flip side, employees are also seeking an opportunity to give you feedback. Your team may disengage if they feel you’re not open to their thoughts or ideas. It’s essential to create a culture of communication where your staff feel comfortable and safe to share their feedback with you or the management.

Keeping lines of communication open is critical to employee retention. Two-way communication builds trust and encourages transparency.

 

4. Engage Your Employees

Modern-day employees care about fulfillment and making a difference as much as they care about paying the bills. New staff members want to contribute towards positive change in the company or the community and feel you hired them for a reason.

As such, it is important to give your members stimulating assignments and varied tasks, involve them in decision making, and make conscious efforts to cultivate inclusion in your company.

Philanthropic programs, social programs to facilitate bonding amongst coworkers, and unity around a shared vision for the company nurture inclusivity and give employees a sense of meaning and belonging.

 

5. Out of the Box Benefits

Offering your employees competitive wages and benefits is important, but it is not always about money. While your team members need the financial security of a good salary, health, and retirement benefits, these are the bare minimum when it comes to employee attraction and retention.

Look beyond these staples and evaluate what will truly serve the needs of your employees. For instance, flexible work schedules, stock options, and other financial incentives like gym memberships, fitness training, child care, and sabbaticals are popular benefits that employers use to enhance retention.

Another alternative is to solicit your teams’ feedback to understand the benefits that would ideally enhance their lives and wellbeing. You may also want to allow for tailored benefit options to account for employee demographics in your team. For example, boomers and millennials will be motivated by different benefit packages.

 

6. Encourage a Healthy Work-life Balance

All the benefits in the world cannot compensate for burnout and chronic overwhelm. Overworking your team will cause them to lose focus and possibly give up on your important projects. In contrast, when you don’t overwork your employees, they will have the energy to work more productively. Perform regular top-down evaluations on your workforce to ensure that no member of your team is getting overworked.

Encourage all levels of your company to prioritize healthy workloads that strike a balance between work and personal life. Ensure that managers are modeling a good example so that other employees feel comfortable to adopt a work-life balance.

 

7. Understand What Makes Your Employees Stay

More and more companies are adding stay interviews to their employee retention toolkit. These are typically discussions with employees to understand why an employee wants to work for your company and what it will take to keep them.

Gaining insight into why your team would want to stay is a significant metric to help you identify which policies best contribute to your employee retention strategy as well as highlight areas of improvement. Be open to the feedback you get and use it to streamline your internal policies.

 

Keeping Your Workforce

Are you looking to build a dynamic workforce that will stay its course and guarantee your ROI? Look no further. Dover Staffing, Inc is an award-winning staffing solutions company in Atlanta, GA. We have rendered superior talent and staffing services to build our name as a dependable staffing company over the years.

For more information on staffing and employee retention, feel free to contact us today, and we will be more than willing to assist.

 

Image credits: Photo by August de Richelieu from Pexels

Significant shifts in the job market and business landscape are ushering in a new era of change, complexity, and opportunities for companies as they seek to acquire top talent. The advent of the internet of things (IoT) and related technology have helped drive these shifts, up-ending business models, processes, and strategies along the way.

A survey by Oxford economics has cited globalization, advances in technology, changes in labor demographics, competition, and customer needs as the primary factors that will influence organizations’ talent requirements in the years to come. Have a look at our highlights of the most significant trends in the recruitment and talent search process in 2021 and beyond.

 

1. AI and Automation in the Recruitment Process

Most lists of recruitment trends these days will include something about artificial intelligence. The use of AI in the recruitment processes has gained momentum, and task automation is now a critical tool for any recruitment team.

Artificial intelligence has relieved recruiters of some of the most time-consuming and mundane tasks, allowing you to focus on more important actions and initiatives. And technology could take on an even greater role in the coming years. Firms are increasingly using AI to source and screen candidates as well as schedule interviews. Businesses that fail to adopt these recruitment automation tools are likely to lose candidates to more tech-oriented competitors.

While AI may not currently handle the actual interviewing of candidates, it has rendered the screening process faster and easier. Skills testing and AI-driven interviews may just prove to be the initial steps towards a more fully automated recruitment process.

Some benefits of AI in the recruitment process include:

  • Saves time
  • Improves the quality of talent hired
  • Streamlines screening

 

2. Workplace Diversity and Inclusion

Diversity entails building a labor force that comprises people with different levels and types of talent, capabilities, religion, age, gender, and race. It’s well established that diverse teams perform better, so it’s no surprise that there is a raising need for employers to embrace inclusion in their hiring and business practices.

Some of the benefits of workplace diversity include multiple perspectives on business matters and projects, better employee engagement, enhanced team creativity, and faster problem-solving. Employers are working on policies that eliminate bias at all organizational levels and are phasing out outdated requirements that hindered workplace diversity.

Likewise, the best staffing agencies are renewing their efforts to provide adequate focus for underrepresented demographics, ensuring all candidates can attain equal opportunity for employment.

 

3. Creation and Maintenance of Talent Pools

The competitive talent market has sent businesses scrambling for every likely source to address the shortage of qualified skills. Traditional recruitment strategies have been primarily focused on external hiring. However, soaring skills deficits are now prompting recruiters to search internally as well, giving rise to the creation of talent pools.

Talent pools offer organizations a solid and effective alternative to address their talent needs. With competitors dangling irresistible offers to court potential candidates, businesses need to stay ahead or risk losing their best staff and missing out on the best talent in the market.

Job promotions can be a good way to foster loyalty within your current workforce, while offering competitive compensation and benefits packages will turn the heads of the most skilled candidates in the market. Consider also creating a database of applicants who fell slightly short for previously advertised positions. You can then extend invitations to them in the event you scale operations or they are a good fit for another opportunity.

 

4. Data-Driven Recruitment and HR Analytics

The use of data-driven metrics is quickly gaining momentum in today’s recruitment landscape. This relatively new and significantly superior recruitment strategy involves making hiring plans and decisions based on data and scientific methods. Companies
will increasingly depend on logic-driven analytics to better understand the supply and demand for talent in the coming years.

Under the data-driven approach, recruitment teams can identify the most pressing organizational issues and use analytics to describe these issues as well as evaluate likely outcomes. Best practices for data-driven recruitment entail the consistent use of data analysis to get insights, assess alternatives, and monitor progress.

Data analysis is the key to workforce planning. It will help you be forward-looking and proactive so that you can visualize and anticipate where your business is heading and what kind of talent you will need moving forward.

 

5. Employer Branding

Two-thirds of job seekers consider a prospective employer’s brand before applying. Many factors contribute to making a great employer brand, and employee perceptions about what is most valuable in a prospective employer’s brand are continually evolving.

Today’s employees are looking beyond corporate prestige, monetary incentives, and perks to also take into account business values, culture, and alignment to ethics. Most candidates want to work for a company that contributes positively to the world.

Your employer brand entails every touchpoint a prospective candidate has with your organization. Your social media presence, careers site, the recommendation of current employees, and reviews of your company significantly influence how your organization is perceived.

As a result, leading organizations are shifting from a more generic employer brand to a concerted and strategic effort at attaining brand resonance. This means listening with empathy to candidates, job seekers, and employees to craft a brand proposition that attracts the skill and talent you want.

 

6. The Proactive Recruiter

The role of a recruiter continues to be more dynamic and diverse year in year out. The talent market is highly competitive, and recruiters must shift to proactive hiring methods to thrive.

Efficient technological tools, in-depth knowledge of the job market, and effective recruitment strategies will help you accelerate and streamline your hiring workflow.

 

Who We Are

DoverStaffing is a full-service staffing solutions company rendering superior staffing services for more than two decades. We are recruitment moguls and leverage care and integrity to bring you top professionals to fill your company’s skills gap. We staff companies and businesses across all sectors, from corporate to medical and everything in between. Feel free to contact us today for more information and expert advice on emerging recruitment trends!