The competition nowadays has skyrocketed in every field. Employee retention rates have dropped considerably because of numerous opportunities in the corporate world. With each company offering something or the other, it has become difficult for employers to hire people who will not make the switch pretty early or at all.
Every field has a lot of potential for the workers to do well in terms of monetary values or maintaining a lifestyle, this is where the HR department comes into play. It is important to hire candidates who are willing to commit towards the betterment of your organization.
Hiring new talent should be done slowly and steadily as it will eventually shape the future of the organization. It should be completed while keeping in mind the targets and goals of the same. While the hiring process is taking place, it is integral for the organization to make sure that the to-be employee knows that his or her personal growth will also be taken into account.
It is also important for the employers to ensure that the candidate’s expectations are also met simultaneously. With the increasing demands of working individuals, companies have started giving out added incentives along with the salary. These might include gym memberships or an Amazon prime subscription – companies are taking their offers up a notch by catering to the individual needs of the candidates.
By looking at previous job records of the potential employees, HR can know if the individual is looking for something long-term or short-term. Even if the candidate has come with a short-term goal in mind, retaining them is crucial for the organization because continuing the hiring process at regular intervals will not only be a hassle but also not build a good rapport with the employees.
HRs should ask the long-term goals of the prospective employees while interviewing them. This will help them make a well-informed choice while choosing the right person for the job.
In today’s day and age, individuals are looking for opportunities that will not only be sustainable in the present but also help them in the future as well. Providing incentives to the employees is critical because of the competition between companies.
While diving into the job market, a person will make sure that his or her demands are being met and that there are ample instances for growth. Nobody wants to be stuck in a particular job with no growth in sight. The company should make sure that the person knows what his job requirements are and what is expected of him.
Stating clear department goals beforehand will decrease any negligence on either the employee or the employer part. You should always communicate your problem statement clearly before any prospective employee to make them understand the job’s requirements. This will not only make the onboarding process easy, but also make them aware of the company’s work culture and their responsibilities.
In today’s employee-driven corporate world, it is important for HR to come up with a well-curated package for the prospective employees. A competitive salary along with some added perks and incentives will not only help you hire a good working team but also make the company more desirable.
Some benefits like, dedicated gym area in the office, a healthy snack station, a comprehensive health insurance plan, paid time off, bonus related to achievement. You can also give them an option to invest a part of their salaries towards their retirement. If the team is working remotely, the perks can be adjusted to suit their needs, like a stable wifi connection, a desktop or laptop, online yoga classes or an easy chair for them to relax.
It is important for the employer to make their employees feel appreciated and valued throughout. Not only when they have birthdays or anniversaries but their small wins and achievements should also be appreciated and celebrated. The employer must help them maintain a good work-life balance.
This will ensure their hundred percent participation and efficiency. Hiring new employees is tiresome because sending out job notices, sorting through applications, conducting interviews and negotiating salary is a very long process. It is a time consuming task and to do it frequently won’t be the best decision for the company as a whole.
On the other hand if you have employees already working for your company, it will be easier for them to optimize their work as they will already be aware of the working environment and expectations.
The business in general will definitely see better results from the existing employees because their vision and goals will be much clearer than a new recruit’s. But since the company has to provide opportunities for growth and development of individuals as well, HRs should deploy enough employee benefits for their team, to satisfy their needs and stop them from making the switch.