It seems strange that only six months ago we were asking the question ‘where have all the candidates gone?’ – with employers frustrated with the lack of high calibre candidates applying for jobs.
We advised then to hold tight, be patient and get ready for the market to flood with talent. And we were right.
We saw furlough end and a surge in resignations - with a record number of people leaving employment to begin new jobs elsewhere.
In fact, Government figures show that the ratio of vacancies to every 100 employees reached a record high of 4.1 in at the end of 2021.
As a result of that surge, the job market is fiercely competitive with organisations battling to recruit and retain talent.
And now, as we enter Q2, you will have undoubtedly heard the phrase candidate-driven market mentioned once or twice! Especially if you’ve been recruiting.
Here’s where reaching out to a resource solutions business will help you secure talent. Never before has there been a more vital role for a recruitment consultant to work alongside your business.
And as our experts go about their business of helping hundreds of clients with their recruitment needs, the question we’re asked time and time again is…how do we keep hold of our workforce? And our response is simple…
The most successful strategy for employee retention is to keep your workforce happy. And in order to do that, employee engagement is crucial.
We’d love to talk to you more about this, but in the meantime here are a few tops tips on enhancing employee engagement to get you thinking about the subject:
Modelling your core values – If your company values mean something, if they are authentic and inspiring, and help you all strive towards a common goal – then living by them will impact the employee experience. If they don’t, now is the time to rethink and redefine those values.
Encourage employee mental and physical health – Train managers to spot the signs of e-presenteeism, model healthy behaviour, build a connection culture, modify your practices, provide a sense of belonging and above all else…communicate.
Prioritise feedback – In every part of your business – including workplace core values. By taking a strategic approach to employee feedback you will build employee confidence, increase job satisfaction and improve any inefficiencies. Take on board the positive as well as the negative feedback from surveys, meetings and reviews.
Offer meaningful incentives and rewards – Be creative. Reward your employees with unique incentives which inspire and excite. By rewarding and celebrating financial, and non-financial achievements, you’ll be improving company culture and engaging employees. Which in turn will help increase employee retention.
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