The ultimate goal for business is to not only hire top talent, but also keep that talent engaged. Most (if not all companies) are continually trying to improve their employee lifecycle. The big question is how to retain these employees. Therefore, this week we thought it would be interesting to break down some of the key areas to consider regarding the employee lifecycle.
Recruitment & Onboarding
Finding the perfect person that will add value is one of the most important achievements a recruiter can make. But how do you know you’re doing this well? It starts with a structured hiring process and is then followed up with onboarding. With everyone fighting for top talent, having a structured interview process that intelligently guides you and helps to build a culture that recruiting is based on attributes and skills rather than gut feel - which in turn results in higher quality recruitment.
Benefits & Compensation
In order to stay competitive, your benefits and compensation plan should have a lasting impact on your employees. What are you currently doing to positively impact employee lives? One way is doing the research for them. There are so many programs and options on offer, it can be hard for employees to understand what may or may not, actually be useful to them. You know your employees, so doing the work for them and offering benefits that are useful and valuable, can make a real difference.
Learning and Development
If you are looking to boost engagement, then a learning and development strategy really pays off. Though it is sometimes considered a ‘nice to have’, in reality it should be a key step in the employee lifecycle. Candidates are interested in how they can develop; they want to be prepared for the next step in their career. As an employer, it is your responsibility to get them up to speed and create that next step in their career at your company.
Employee Recognition
It is crucial to make sure your employees feel valued at work. Traditionally, investing in a gift card or cash were ways to recognise people, but that lacks the personal touch. How do you create an environment that celebrates the success of others? Recognising achievements and creating that culture reinforces positivity. It is something that doesn’t just highlight top performers, but also those who are actively contributing. These types of programs help to improve positive engagement and increase retention.
Employee Feedback
Feedback is critical. Engaged employees have a real impact on the bottom line and by creating ways for employees to give feedback, you are able to assess what is working and what needs improvement. Examining data that is focused on your people helps grow a culture. What is important is that you are providing a platform for your employees to express themselves. Times are changing in the HR world. We are in a modern workplace with many options, and it is important to remember to stay ahead of the rest, by examining your approach and being open to change when needed.
Here at RBHR we offer full support to our clients and with our experienced team behind you, you can’t fail.
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