Navigating the Tight Labor Market- How to Attract and Keep the Best Employees

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For a while, you had your choice of top talent, but right now, it’s a job seeker’s market. This means your company must work hard to attract and retain the best and brightest candidates and retain them.

If you’re struggling with this, you’re not alone. Knowing what it takes to draw superstars into your organization and keep them on board is a challenge many companies face. Use this advice to make top talent want to join your team and never leave.

5 Ways to Keep and Attract the Best Candidates:

Understanding What Attracts Top Talent

The best candidates have their choice of employers, so you need to do everything in your power to draw them into your organization. Obviously, they expect to be paid a salary that’s at least average — but preferably a bit above average — for your industry and local area, but that’s not all that matters.

Starting over at a new job is tough, so people want to join a company where they can grow their career. They also seek out a warm and inclusive company culture that prioritizes a solid work-life balance.

Building a Strong Employer Brand

Beyond the products and services provided, top talent want to know who your company is and what it stands for. If you’re unsure how to answer that, it’s time to figure it out.

You’ll want to create policies that represent the values your company upholds. This shows candidates you don’t just claim to adhere to certain principles — they’re actually woven into your playbook. It’s also important to check review sites to see what people say about you and ask current employees for feedback. This can help you see what you’re doing well and where there’s room for improvement.

Creating a Positive Candidate Experience

Since the best candidates have their choice of employers, they won’t stick around if your hiring process isn’t a pleasant one. A positive candidate experience makes people feel valued and gets them excited about the prospect of working for your company.

Some of the key aspects of a fantastic hiring experience include clear and accurate job descriptions, simple application process, frequent follow-ups, and actively communicating all steps involved. By treating people with respect, you’re showing them you would make a great employer.

Strategies for Retaining Top Talent

After building an amazing team, you want to keep them in place. Make sure your company remains second to none by actively working to retain them.

Some top retention strategies include surveying employees to find out what perks they want, then giving them as many as possible. It’s also important to ensure their compensation remains competitive, they feel valued and appreciated, and that your culture continues to foster a positive work environment.

Need a little help bringing top talent into your Michiana company? Wood Staffing is here to guide your search. Contact us today to discuss a partnership.