Unlocking Top Talent: 3 Tactics for Increased Retention
A business is only as great as its employees who continually go above and beyond to deliver. In today’s market, the surest indicator of success is a company’s ability to attract and retain the best professionals in their respective fields. Expectations from candidates are now higher than ever, so hiring teams are being forced to offer new incentives to secure in-demand talent. At Virtual Coworker, we recognize the importance of securing highly skilled staff for your business. Let’s delve into some indispensable strategies that have become more prevalent to secure top candidates on the market.
1. Positive Candidate Experience
Securing top talent starts the moment a potential candidate interacts with your business. Consider the entirety of the candidates’ journey – is it seamless, respectful, and engaging? According to a survey conducted by CareerBuilder, 78% of candidates believe that the overall candidate experience is a direct reflection of how a company truly values its employees. Google is one company that is renowned for its exceptional candidate experience. They ensure transparency, timely feedback, and a streamlined process for all applicants. By creating an engaging environment where candidates know they are respected, Google has managed to maintain a strong employer brand for decades.
2. Automate Your Recruitment Process
Automating your recruitment process with an Applicant Tracking System (ATS) is no longer a luxury; it’s a necessity. ATS systems streamline the hiring workflow, from posting vacancies to candidate screening, interview scheduling, and even onboarding. IBM has integrated with an ATS to help manage its vast international recruitment needs. The system allows for better candidate management, enabling seamless communication between parties and timely updates. Automation has accelerated the time-to-fill roles, reduced manual tasks, and ensures a standardized and unbiased approach to shortlisting applicants.
3. Allowing Opportunities for Growth and Development
It’s no secret that highly skilled candidates constantly crave opportunities to grow and develop. According to LinkedIn’s Talent Trends report, 94% of employees would stay at a company longer if it invested in their career development. Companies that prioritize a culture of learning and progression have a significant advantage when retaining top performers. Cultivating the growth of your team is not an expense – it’s an investment in the future of your workforce.
