There is a saying that it is hard to find good help these days. If your company is having trouble finding talented employees, then you need to make sure that you put just as much effort into recruiting talented employees as you do in retaining them. It starts with understanding the factors that employees consider when they are looking for jobs. If you are able to tailor the benefits that your company provides to the desires of employees, then you should be able to not only recruit talented employees but also retain them. Take a look at a few of the most important pieces of information below that can help you make sure that you recruit and retain talented employees.
What Factors do Employees Consider When Choosing Jobs?
Even though every employee is different, there are a few common things that employees consider when they are looking for jobs. Some of the most important factors that employees are looking for when they are looking for employment include:
- Compensation: Of course, one of the first factors that employees considered as compensation. Everyone wants to be compensated appropriately for the work that they do. This includes those who are looking for a job. Be sure to understand what the going rate is for that open position. Then, price the compensation of that position at your company to be competitive with the market.
- Work Hours: The other major factor that employees are going to consider when they are looking for a job at the number of hours they will have to work. Employees would rather not work nights, weekends, and holidays. Even though there are some positions where employees are going to have to pick up these off shifts from time to time, it is important to keep these requirements as low as possible.
- Vacation Time: Today, employees care about work-life balance more than ever before. Therefore, you should make sure that you provide your employees are plenty of vacation time as well. Even though most positions only start with 12 vacation days, you can recruit talented employees to your company if you are willing to offer a few extra days off.
These are a few of the most common examples of important factors that employees look for when they are looking for jobs. Make sure that you tailor the benefits that your company provides to the factors that employers consider when they’re looking for a new position.
The Main Factors to Keep in Mind
If you would like to improve your efforts when it comes to employee recruiting and retention, there are a few key points that you should know. These include:
- Identify the Right Candidates: In addition to tailoring what your company provides to meet what employees demand, it is also important to identify the right candidates who are going to stick around. It is a good idea to take a look at the prior employment records of employees who are applying for the position. If they stuck around for a while at their last job, they are likely to stick around for a while at their next position as well. Be sure to identify candidates who are going to stay the course.
- Provide Chances to Move Up: The vast majority of employees who are applying for a position or looking for opportunities for advancement. They are looking for a career, not just a job. A career implies that there is going to be a chance for them to move up. When you are interviewing candidates for a specific position, make sure to provide employees with a clear path for advancing. For example, you might want to provide employees with access to continuing education opportunities that allow them to improve their skills, making them more competitive for advanced positions. In addition, you may also want to provide tuition reimbursement, making it easier for employees to take out those educational opportunities.
- Provide the Right Employee Benefits: It is true that compensation and the number of hours worked are still the most important factors when it comes to recruiting talented employees. On the other hand, by focusing on additional benefits, you can set yourself apart from other companies in the industry. For example, think about offering competitive retirement packages that provide your employees with a chance to plan for the future. You may also want to provide competitive health insurance benefits as well. When you provide these added benefits, you are able to separate yourself from others who might want to recruit the same talented individuals.
- Be Open and Honest: Finally, employees also care about the company culture. Therefore, make sure that you are open and honest with employees when they are applying for a position. Do not try to hide efficiencies in your company. Instead, be open and honest about what your company has to do better. When you take the time to be transparent with candidates, they are going to appreciate it. This will make it more likely for them to take the position and stick around because they will feel like they have a chance of improving the company culture.
When you take the time to identify the right employees for the position, you improve not only your recruiting efforts but all retention efforts. The last time your company has to spend recruiting talented employees, the more your business can focus on growing.
Get Help with Retention and Recruiting Today
If you are looking for help with employee retention and recruitment, then reach out to trained professionals who have experience in this area. That is where we can help. At the GOALL Program, we provide companies with access to a wide variety of benefits that they can offer to their employees, helping them stick around. This includes access to universal life insurance policies, which can be a competitive retirement package you can provide to your employees. Give us a call today to learn more about how we can help you with recruitment strategies and retention strategies.