CONTRIBUTORS
companies need to recognise that the solution to the problem isn ’ t throwing more money at new hires .
What companies need to be doing is reconsidering their value propositions and their impact on the world around them while focusing more on retention policies . This includes upskilling and retraining existing staff , in addition to offering clearer pathways for career advancement through skills development and learning opportunities .
Individuals are more likely to stay where the opportunity for personal growth is evident . Flexibility is of major importance , and companies will benefit greatly from offering employees more say in where they work , when they work and even how they ’ re compensated .
However , while money is important , it isn ’ t everything . Millennials and gen Zs are concerned with whether the company they choose to work for cares about them as individuals . This means companies need to re-examine their culture , looking for ways to enable employees to strike a better balance between workplace productivity and life beyond office hours .
Here , companies will have to take a holistic approach and focus on employee wellbeing , not only from a mental perspective , but from a financial and personal perspective as well . In reality , people don ’ t leave their problems at home when they come to work , and companies would do well to recognise this reality .
RETHINKING THE ROLE OF RECRUITMENT From a talent-sourcing perspective , recruitment agencies have an important role to play in assisting companies to navigate a candidate-driven labour market . They must act as an important intermediary in ensuring that the expectations of both parties ( the potential employee and employer alike ) are clearly articulated and reasonable .
Clarity on expectations from both sides means that there is less likely to be disappointment resulting from unmet expectations , which results in further resignations . Recruiters must enable transparency throughout the hiring process that goes beyond merely checking boxes to meet a job spec . To ensure that talent placement sticks , recruitment agencies will need to have some uncomfortable conversations with clients .
Recruiters should use every opportunity to inspire their clients to relook their value propositions , and act as trusted advisors in setting organisations on the right path toward becoming a company that cares equally about attracting the right kind of talent and holding onto it with both hands . RACA
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RACA Journal I February 2023 www . refrigerationandaircon . co . za