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Attract & Retain Talent: 3 Strategies for Success

Posted by Jeff Pelliccio on Oct 27, 2015 8:41:00 AM

In ICS insights

Hiring and retaining top talent is one of the most important aspects of running a business. There are many companies that have difficulty retaining their best employees over the years.

As the economy shifts to being driven by information, people are becoming one of the most important components of an organization.

Any company that wants to be in the top of their industry needs to make hiring and retaining talent a top priority. Here are several things that any company can do in order to attract and retain the best talent in their industry.

Compensation Plan

One of the most important aspects of retaining talent is compensation. At the end of the day, the reason many people get up to go to work is the fact that they are getting paid to do so. With salary information being readily available it is easier than ever to see how much money another person is making at another company in a similar position (see salary.com or Glassdoor.com).

Companies that are paying below industry standard will have a tough time holding on to their best employees and hiring strong candidates in the coming years. No one wants to work for someone they feel is low-balling them. As an employer, it is imperative to look at the compensation plans offered and make adjustments where necessary. 

Flexible Schedules

Another area that many people look for when looking for a job or deciding if they want to stay at a job is flexible scheduling. More companies than ever before are offering some kind of work at home package option for their employees.

Most people can do the vast majority of their job from a laptop, and companies are starting to take advantage of this by allowing workers to work from home.

There are many studies that show workers who work from home are more productive than those that do not. There are many ways in which workers will have higher morale if they can work from home. Not only does it reduce commuting costs, but many workers report higher overall levels of happiness when they can spend a lot of time working from a remote location, even if it is not from home. Firms that do not currently offer this option should consider offering it in the future.

Career Opportunities

Top talent at any company wants the opportunity to continue to grow in their career, especially if they like the company they are currently working for.

Employers should open up areas for growth for their workers to grow within the company and communicate the availability of those positions internally within the company prior to posting the jobs externally. Once this happens, you would be surprised how many employees will come out of the woodwork, looking to advance in their careers.

This is one of the easiest and most strategic ways in which companies can retain their best talent. Few people want to leave an organization when they are getting promoted in different positions. From a company perspective, investing in the best employees in terms of education and work opportunities is also extremely important. Over the long term, this will pay off with higher morale and less turnover for workers.
One of the most important pieces to consider for future growth and strength of an organization is to attract and retain top talent.

For more information about how you can work with ICS to attract and retain great talent, of if you have staffing needs visit us at http://www.infinity-cs.com/find-talent or http://www.infinity-cs.com/about for more information.