The cost of high turnover for a business can be crippling. When someone on your team quits, you have to start all over again with the recruiting and hiring process, which can be long and drawn-out, taking precious time away from other members of your organization who could be doing something more productive. Once you’ve […]
In today’s competitive job market, attracting and retaining top talent is crucial for the success and growth of any organization. The cost of losing skilled employees can be significant, both in terms of financial resources and the impact on productivity. To avoid these risks and create a thriving workforce, companies must focus on implementing effective strategies to hold on to their best employees. In this blog post, we will explore five key ways to retain top talent.
Offer opportunities for your employees to enhance their skills, pursue certifications, attend conferences, and participate in training programs.
Top performers are often driven by personal and professional growth. By providing ongoing training programs, mentorship opportunities, and career advancement paths, demonstrates our commitment to the employees’ growth. This investment not only enhances employee skills but also increases their engagement and loyalty. Encourage employees to set personal and professional goals, and provide the necessary resources to help them achieve those goals within the organization.
Recognize and reward the achievements and exceptional performance of your employees. Regularly acknowledge their contributions through verbal praise, written appreciation, or public recognition. Consider implementing a formal reward and recognition program to encourage and motivate them.
Celebrating success reinforces a sense of appreciation and boosts morale.
Conduct regular performance reviews to provide constructive feedback and set goals for improvement.
Establish a structured feedback system that promotes open and honest communication. Managers should conduct regular performance reviews, setting specific goals, and offering constructive feedback.
This process allows employees to understand their strengths and areas for improvement, fostering continuous growth. Regular check-ins also enable managers to address any potential issues proactively, enhancing employee satisfaction and retention.
When employees feel a sense of belonging and enjoyment in their workplace, they are more likely to stay committed and loyal. Creating a company culture that aligns with the values and aspirations of your employees is crucial. This involves fostering an environment where diversity and inclusion are celebrated, and where everyone’s voice is heard and respected.
Encouraging social gatherings, both formal and informal, can also contribute to building a strong team spirit and fostering positive relationships among employees. Whether it’s organizing team-building activities, celebrating milestones, or simply having regular social events, these opportunities for social interaction can enhance camaraderie and create a sense of belonging within the company.
Maintaining a healthy work-life balance is crucial for employee well-being and job satisfaction. Provide flexibility in work hours, remote work options, and consider implementing policies that promote work-life balance. Encourage employees to take vacations and personal time off to recharge and avoid burnout. Offering family-friendly benefits, such as parental leave, can also be instrumental in retaining top talent.
By implementing the above strategies, you can significantly improve employee retention rates, boost productivity, and maintain a competitive edge in today’s dynamic job market. Remember, the investment made in retaining top talent is a long-term investment in the success and growth of your organization.
For businesses looking to hire talent in 2022, it was a rocky year. In the aftermath of the pandemic, employees began jumping ship in numbers, remote work took over, and several industries experienced labour shortages. That combined with hints of a coming recession made 2022 difficult to recruit new talent.
If 2022 was any indication of what’s coming for 2023 and beyond, there’s a lot of change on the horizon. In this article, we’ll seek to uncover and explain some of the most significant hiring trends facing employers in 2023, so you can aim your recruitment strategy in the right direction.
REVISED: May 15, 2024
Recruitment Fraud Notice
We have become aware of multiple reports of individuals claiming to represent our company, and we want to ensure that our clients and candidates are well-informed on how to identify and respond to any incidents that may compromise their safety or privacy. By making you aware of this, we hope to avoid and ultimately stop victims from falling for this fraudulent activity.
*We will never request a fee or payment from candidates. Please do not provide any personal or financial information to anyone you suspect of recruitment fraud.
How to Identify Recruitment Fraud:
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For Canadians who are a victim of recruitment fraud:
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Below are additional resources that offer information regarding employment fraud. They can help you learn how to identify fraud and provide guidance on what steps to take if you or someone you know becomes a victim:
To report any suspected recruitment fraud, please email mackenzie@striverecruitment.ca.
An excellent manager can make or break a team. Whether you’re in an office, on a construction site or on a football field, the power of good management is evident in the way your team behaves, communicates and performs.
The manager is responsible for guiding your team, setting the standard for what’s expected and what’s frowned upon, and making key decisions. These individuals are crucial to the success of your team. Your people want to do their best work, and they know how much of a difference good management can make. It may be easier said than done, but all you have to do is find the right person to fill those shoes.
In this article, we’ll break down some of the biggest green flags and soft skills to look for in a people manager. If you’re on the hunt for a new manager to empower your team to reach their full potential and lead them towards greatness, this article is for you.
Hiring is tricky. There is unspoken yet significant pressure on the person responsible for filtering candidates and ultimately choosing one. A bad hire is a big waste of money. So it makes sense that employers go to great lengths to attract top-tier talent, and will go to even greater lengths to hire and retain that person. The challenge is distinguishing between the bad apples, garden variety, and the all-stars.
The world of talent attraction and retention has been completely reinvented. After 47 million people voluntarily left their jobs last year in the US alone – from restaurants to doctors offices, the reinvention couldn’t come at a better time.
Employees in the post-COVID era are looking for something different from their workplaces – something extra. Over the past two years, people have been introduced to the idea of fully remote work. What started as a necessity has morphed into a longed-for convenience and benefit for white collar workers. Less time commuting plus more time with kids/partners/pets is desirable for most.
Hiring and retaining talent is tricky business these days. Because of the transition to remote work and the Great Resignation, employees have been leaving companies in droves in search of new opportunities. People are more likely to leave their position if they don’t feel valued, fulfilled, or fairly compensated. Read more
In a labor market that has become more competitive, it can be difficult to stand out from the crowd and attract top candidates. As we saw in our Recruitment Trends in 2022 blog, one of the biggest and most significant shifts in recruitment has been the switch to a candidate-driven market. While we are starting to see that shift a little bit as the economy has softened, it is still a difficult spot for employers to attract top talent. It always will be. If you’re in the hiring process right now, you may have encountered a number of challenges, such as candidates who are interviewing elsewhere, have other job offers, or have received a counteroffer from their current employer. This leads to a very frustrating and time-consuming hiring process.
For decades, networking has been used to create long-term relationships, recruit talent, advance careers, and find new opportunities. Networking requires a strong communication skill set and is rarely easy for beginners. For some, networking may be downright terrifying.
But the pros know how to do it well and set themselves apart. A networking pro is difficult to define, but you know when you see one. Whether it’s their effortless charm, quick wit, or massive social media following of highly engaged professionals, the pros tend to make networking look easy.
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