Today’s job market is great – if you’re a candidate. With unemployment at a near-record low, professionals in virtually every field can pick and choose their next opportunities.
This makes things interesting … okay, challenging, to say the least … for today’s employers. Not only do you have your work cut out for you when it comes to talent acquisition, but you also have to pay special attention to retaining your highest performing and most valued employees.
How to Do It Right
The financial cost, as well as the less tangible effects on your business, of having to replace and rehire a good person can really take a toll. So, be sure you do the right thing when it comes to all the steps in your talent retention strategy.
· Create the right culture. Your company culture should align with the type of person you want to employ. This means that values, goals and vision are in sync. This is where you begin to forge strong, longstanding bonds with new hires.
· Hire the right people. As you screen candidates, be alert for any signs of a chronic job hopper. While there’s nothing wrong with changing jobs for the purpose of career advancement, look for applicants who are interested in growing within your organization, rather than elsewhere.
· Offer the right training. Invest in training that will best help each employee earn, maintain and enhance their skills, strengths, and credentials. When a team member sees that you take their professional development seriously, they’re much more likely to be loyal to you and your company.
· Provide the right benefits Offer benefits and perks that candidates wouldn’t be able to get anywhere else. Telecommuting, flexible scheduling and performance bonuses are a great start, but they’re becoming increasingly common. What about free meals once a week? Or attractive discounts on your unique products or services? Or, VIP tickets to special events? The key is to know what a particular candidate wants and then respond accordingly.
PrideStaff Fresno matches leading employers with top professionals in administration, customer service, IT, finance, legal support, healthcare, and production and distribution – to develop relationships that will benefit both parties for the long term. Can we help your business retain the best talent on the market? Contact us today so we can tell you more.