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How To Emerge As An Employer Of Choice
Taking the time to conduct a thorough assessment of your business and identifying strengths and weaknesses is the first step to improving your company ’ s recruitment and retention strategy . Start by walking in the job seeker ’ s shoes and ask yourself , if you were in the market for a new job , what qualities would you want your future employer to have ? What benefits would you be looking for ? How do you want to be treated as an employee ? Next , compare notes . Does your list of wants and needs from the perspective of a job seeker align with your company ’ s existing benefits , culture , work-life balance , etc .? Finally , consider the changes you could make to set your company apart from the competition in the battle for talent .
What Are Employees Looking For From Their Employers ?
• Greater work-life balance & excellent paid time off ( PTO ) program
• Access to remote work & flexible work hours
• Excellent healthcare coverage
• A family-friendly culture
• Competitive compensation
Remember , how you recruit new employees and retain existing staff members will depend on a variety of factors . Therefore , it ’ s a good idea to maintain open lines of communication at all levels of the organization to find out what truly matters to your current and future team members .
Acknowledging challenges within your company ’ s existing culture or recruitment strategy is not an indication of failure . It ’ s a characteristic of a growth-minded organization . Additionally , when you work with an HR professional with experience , expertise , and insight , you become better positioned to adapt to changing workforce trends and , ultimately , emerge as an employer of choice .
If you ’ d like to learn more about how our experienced professionals can help you improve your existing recruiting and retention strategy , contact Rea ’ s HR consulting services team or email me directly today .
By Renee West , SHRM-SCP , PHR , director , HR consulting services , renee . west @ reacpa . com ( New Philadelphia office ) business of our the business
Across the board , new college graduates and seasoned professionals struggle to determine how much they should put aside for retirement – not to mention the question of whether they ’ ll even be able to retire when the time comes .
A recent study , facilitated by the Employment Benefit Research Institute , finds “ nearly half of all employees ( regardless of age ) are concerned with their household ’ s financial wellbeing ,” citing saving for retirement as a top contributor to financial stress . These feelings of financial under-preparedness aren ’ t just hypothetical either . The National Retirement Risk Index , developed and monitored by Boston College , confirms 55 percent of all Americans are at risk of being unable to retire comfortably given their current retirement preparations – a 5 percent increase from pre-COVID data .
Why Are So Many Unprepared for Retirement ?
For most people , this unpreparedness lies in a lack of understanding about retirement at large , and how their individual situation plays into their specific needs . Many employees may fall into a false sense of security , believing any contribution made to a retirement account is better than none at all . While this mindset may hold some truth – it ’ s still not enough .
Recent data reveals 71 percent of people aged 45 to 64 have not performed any projections to learn how long their current retirement saving ’ s nest egg will last them in retirement . The study
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