The war on talent continues in this highly competitive job market. Attracting and retaining top talent is crucial for organisational success and HR professionals main KPI is focused on the “how”.
Effective strategies to keep the best employees, are categorised in three areas:
Craft a Compelling Employer BrandA strong employer brand showcases company culture, values, and mission through various channels: consistent brand messaging across all platforms, profiling employee stories and experiences for external audience, and highlighting why it is a great place to work for.
Offer Competitive Compensation and BenefitsBy conducting regular market research, HR professionals ensure that competitive packages and benefits are presented to both existing and future employees. Health insurance and retirement plans have become even more crucial for potential talent as a comparison when evaluating changing work environments.RTW (Return-to-Work) policies differ between organisations and remote working opportunities have steadily increased over the years. HR needs to be aware of these trends and how employees (existing and potential) have various options when choosing their next career step. Modern workplaces value flexibility.
Prioritise Professional DevelopmentGrowth and advancement…. top talent often focuses on career progression and reputable company brands that enhance their overall market perception. HR strategies should invest in training programs and workshops that enhance employee skills; offer mentorship programs and career coaching; and create clear career paths and opportunities for internal mobility
Foster a Positive Work EnvironmentSocial media has made it difficult for companies to conceal negative stories of internal situations. Employees sharing stories on a public platform can have adverse effects on any external communications and brand positioning initiatives. A positive workplace culture can significantly impact retention by encouraging open communication and collaboration and promoting work-life balance, leading to employee well-being.
Implement Effective Talent Acquisition TacticsBy streamlining recruitment processes and clarifying commitment to DEI policies, employers can attract the best candidates and entrench employer brand thinking.
Organisations can create an environment that not only attracts top talent but also encourages long-term commitment and engagement.Attracting and retaining talent is an ongoing process that requires continuous effort and adaptation to evolving workforce needs and expectations.
Source link:https://www.pwc.com/gx/en/issues/workforce/hopes-and-fears.html
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