How do you create a more desirable workplace for the best employees? How you can create a process to retain and develop talent? Some companies say that they can’t hire top talent because it’s expensive, but they would be better off paying higher salaries and offering perks to attract the best employees rather than hiring less qualified people for lower wages.
The workers on your team whom you consider the most qualified likely do the work of more than one person. Wouldn’t you like to have more of those people on your team? You can cultivate a work environment that attracts top talent in the following ways.
Create a company culture in which all of your employees are treated with respect and consideration. Make your workplace one where employees want to come to work. People desire meaningful, interesting work. They want to be challenged. They want to feel valued and like they’re making a difference. Create an intellectually stimulating workplace where people feel appreciated.
The best way to maximize your top employees is to put them into positions of influence. Carefully consider who you put into management positions and then provide them with the support necessary to be the best leaders they can be. Encourage managers to take leadership classes or work with a coach or mentor. Invest in their education.
Talent will quit if they don’t see opportunities for development and progression in your organization. They need to see a future in your company and feel like they’re going to have the ability to advance their career.
People want to be associated with successful brands. Setting a high bar of entry can also help because people want to feel like they are accomplishing something by acquiring a position that is hard to get. Building a reputation in your respective field is also important. You have to show what sets your company apart and prove the value that you add to the industry. Top talent wants to work at organizations that they’ve heard of and respect.
Reward your employees by offering them benefits that improve their work-life balance, such as flexible working initiatives. According to a survey by Flex Jobs, 30% of respondents stated that they would be willing to take a 10% to 20% pay cut in exchange for flexible work options.
Perks like flexi-time, telecommuting, compressed workweeks and part-time work attract top talent. What’s more, if you allow for remote working, you won’t be bound by geography when you hire new candidates. You’ll have access to people based out of multiple locations.
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