With the competitiveness of today’s marketplace, employers are forced to put in double the effort to retain and attract top talents. It is also a usual scenario for employees to join a company, get the experience they need then withdraw from their position to pursue a job offer with a higher income. So how do employers and other business retain their top talents despite failing to match the competitive wage and benefits?
1. Communicate Your Company’s Vision.
Ensure your employees feel that they will benefit from your company’s growth as this will encourage your employees to work more productively towards the success of your company and theirs. Learn to communicate the vision and the purpose of your company so employees feel like they are a major contributor to its success. Some companies also practice a promise in the share of their organisation if an employee were to deliver as per expectations consistently. This helps the employees feel extremely dedicated and motivated to become partners in the company they’ve worked hard for.
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2. Organisational Values.
Not all your employees work for their paychecks. Some professional workers are more than willing to take pay cuts if they are able to work for an employer that share the same professional and organisational values. With today’s ease of the Internet, employees and job seekers are doing their research on the reputation and image of the companies they are applying to or working for. This is to analyse and understand if the companys’ values align with theirs.
3. Flexible Work Environment.
Many organisations are encouraged to practice a flexible work environment. This structure is more likely to increase your employee engagement and commitment to your company. Although implementing this practice might have its key challenges to an organisation, it is proven to result in positive outcomes such as positive employee morale and retention.
In this digital age, employees and job seekers can easily discover their optimal employer based on preferences and values. This is why it is time for your organisation to take a step forward and identify the key aspects of attracting and retaining top talents with the approaches provided.
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