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5 Secrets to Finding and Keeping Top Talent
Finding, retaining and engaging top talent is more important than ever before, as more than 2 million Americans voluntarily leave their jobs every month, and 74 percent of the workforce would consider finding a new job. Forward-thinking companies already invest their time and resources in identifying top talent, because they know that if they don’t, someone else will, and the cost of losing high performers can be anywhere from 1.5 times to more than triple their burdened salaries.
4 Steps Toward a Talent Strategy Built for Gold
Would you consider your organization to be a competitive player when it comes to talent? Research reveals a less than stellar reality for many organizations. In fact, a recent Bersin by Deloitte study indicates that 70 to 80 percent of organizations lack a talent strategy, and if you want to be a champion in the market, you have to have a great strategy.
4 Talent Management Pitfalls and 4 Easy Ways to Debunk Them
Every job candidate hopes to hear these words from prospective employers: “Opportunity is bountiful here.” If your organization makes such a claim, but cannot live up to it, you’ll find yourself stuck in a revolving door of turnover.
5 Ways Businesses Can Engage Employees … and Keep Them!
Every successful company knows the key to employee retention is engagement, yet according to a study by Dale Carnegie & Associates, 71 percent of all employees are not fully engaged. That means nearly three-quarters of the workforce are not performing to their best ability, which negatively affects revenue and morale.
It’s Five O’clock Somewhere
It’s five o’clock somewhere; can you access your payroll information? For instance, can you easily pull past pay stubs, enroll in benefits, request time off or submit your time sheet right from your phone or laptop? If not, you’ll be delighted to know this is all possible with the proper technology.
Company Engagement in Bulk
Sustainable engagement is an ongoing process. You may be thinking, “Well, of course it is, so what’s your point?” Although the concept may seem obvious, it is something with which businesses constantly struggle. Engagement is a continuous process, not a one-and-done kind of initiative – a valuable lesson learned from shopping at warehouse retail stores.
3 common Misconceptions of Performance Reviews
Some say performance reviews are a thing of the past; a waste of time for everyone involved. If you’re part of these naysayers then most likely you haven’t been part of a culture that embraces the year-round significance of performance reviews. Performance reviews are essential to workplace management yet often times they hold lower weight amidst a sea of projects, to-do lists, meetings and more. Supervisors tend to look at performance reviews through jaded lenses, but what they may be overlooking is the fact that effective performance management leads to improved productivity.
What Employees Want (Hint: It’s Not Just Money)
Do you know what your employees really want from your organization? You should, and it pays to find out. A 2013 Gallup study shows that companies in the top quartile for employee engagement outperform their bottom 25% competitors with:
147% higher earnings per share (no, that’s not a typo),
22% higher profitability,
21% higher productivity and
41% fewer quality defects.
Overcome the Shortage of Top Performing Employees
Recruiters use a variety of tactics to find new hires, but one still trumps them all: employee referrals. While online job boards and career sites remain top sources for applicants, referrals often go overlooked as a hiring resource. From a recruiter’s vantage point, employee referrals equal gold. As you may imagine, recruiters have to exhaust all the tricks of their trade in order to stay competitive in the market. With a ratio of unemployed persons to job openings sitting at 3-to-1, employee referral programs (ERPs) are an easy way to build your talent pipeline, because you don’t have to look very far.
Individualism vs. Collectivism: No Man Left Behind
Whether in a business or educational environment, our culture is dazzled by the idea of collaboration as a means for creativity. Managers are so insistent on finding “the right fit” for the team that a whole group of people are forgotten: the individualists. With collaboration becoming the new way of thinking, those with introverted personalities are left on the outside looking in.
Building Champions in the Workplace
Being the best in a NFL is a tough feat, because a lot of “greats” exist in the league. Players work their entire careers trying to be faster, stronger and better-equipped than their competition. When entire teams play with the same inherent motivation, winners are made and championships are secured.
The Five-Step Plan for Millennial Workers
Ready or not, millennials are storming the workforce, most with a hunger to make it to the front lines and quickly. By 2020, they will make up almost half of workers nationwide. While arguably overeager, millennials aren’t a generation to overlook. Rather than dismissing these estimated 80 million Americans for weaknesses real or perceived, employers should consider leveraging their strengths in addition to developing those deficits.