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Employee retention is crucial in a competitive job market. Employees who feel valued and are contributing to the company’s success over time can make a difference in the long-term. Training and hiring new employees can be expensive. Prioritizing retention can help you save money, encourage innovation, and foster a positive office culture.
Keep in mind that job applicants are also evaluating your company as they interview for a position. Engaging applicants during the interview process is key to attracting the right people for your company.
If applicants don’t feel valued in the hiring process, how can they expect to be valued as employees? These are 10 strategies to ensure your business thrives by hiring the best talent and limiting turnover.
Top 10 Strategies for Hiring and Retaining New Employees
1. Reduce the complexity of hiring
It’s great to have a lot of qualified applicants. But, don’t lose the right person because you have a slow or unclear hiring process. You will make the first impression on potential employees by using a platform like ZIPRecruiter.
This is a great service for streamlining the hiring process. ZipRecruiter syncs with your Applicant Tracking System to improve your application flow and help you find new hires.
2. Find the right people
Think about the qualities you want in a new hire. Ask interview questions to help you understand the motivations of candidates and how they interact with others in a group setting. Before investing in further recruitment, phone screenings, pre- behavioral assessments, and time-saving screen questions help you determine if the candidate is a good match.
3. Your strengths are your strength
While every employer should offer competitive pay, it is possible to retain and find quality employees by focusing on your strengths. Are you able to create a positive company culture? Offer an employee discount Are you involved in the community?
Offer unlimited PTO? Some people are motivated by salary, but not all. You might find people who simply believe in your company, and that’s someone you want to have on your team.
4. Customize communications with applicants
Sometimes, it feels like you are throwing your resume in a hole when you submit a job application. Even if you get an automated response, it can be a big help to know that your application will be reviewed by someone.
It turns out that ZipRecruiter can help you hire quicker and send customized messages to job applicants. This is a great way to keep job seekers engaged and provide a professional experience.
5. Transparency is key
There are many moving parts to hiring. Sometimes things don’t go according to plan. Perhaps the project you hired for didn’t go as planned or it wasn’t as urgent as expected. You may not have the right person for the job, but they are a good fit for another role.
It can be difficult to hire the right person for the job. Be organized and honest throughout the process. Make sure to communicate a transparent process to applicants and answer all their questions. You never know when you might cross paths again.
6. Prioritize the experience of onboarding
A winning orientation and onboarding process will set your employees up for success right from the start. You’ll be able to get your new hires up and running faster if you invest in creating onboarding materials.
You’ll make them feel more connected to the company and able to contribute in their new roles sooner. It’s easy to make people feel like they are part of the team by giving them company swag or personal welcome emails from colleagues.
7. Give a clear path to advancement
Transparency is key. Don’t force talent to leave because they aren’t able to grow their careers, get a better salary, or develop their skills. Employees should be given a plan for promotion and information about what they are eligible for to receive a merit raise.
Mentorship opportunities for existing and new staff can help develop leaders and give insight into the promotion process. When they are working towards something, your employees will produce their best work.
8. Facilitate open communication
Maintain open communication between employees and leaders. This allows employees to have a say and can result in positive changes within the company. Regular employee engagement surveys are a good idea.
This will allow employees to give feedback about their career satisfaction, workplace culture, business outlook, and career development. You can make improvements in your company by taking the survey results and using them to improve the employee experience.
9. Stresses employee wellbeing
Flexibility is a key factor in today’s world, where it is common to work from home. Employees are more likely to be productive if they know that their lives go beyond the 9-5.
Simple perks such as flexibility in leaving early to care for family members or summer Fridays can be offered. Promote personal wellness with healthy snacks at work, mental health resources, and a stipend for physical fitness.
10. Recognize employees
There are many inexpensive ways to show appreciation to employees. Recognizing their achievements is a great way to show appreciation, especially if it comes from leaders. Regular work sharing, emails to the office highlighting major wins and awards offer employees an opportunity to be recognized by their peers.
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