It’s easy to stand out in the current climate as a smart employer. Ok the GFC has ripped the market around from candidate short to being job short, and businesses are cost cutting and shedding staff, but there is an opportunity to critically look at how happy (or not!) your team are.
Know who your best performers are, mentor, train and develop them, communicate and keep them informed of broader business strategies, get their feedback and input. None of this costs a lot, but the pay back is guaranteed.
Employees are nervous about job security, they need to know how the business is tracking, they value hearing about the future plans and how that impacts on them. If you want to keep your best people when the market turns, you need to invest in them NOW.
How you approach the market when you recruit new people is also a key aspect to building favourable impressions with employees. With social networks booming, the world is getting better connected and information flows abundantly. People readily share their impressions and gripes, with poor recruitment processes at the top of their list of complaints.
When you take a job to market – be READY. This sounds silly, but we are seeing so many poor approaches to the current market. Yes it’s an employers market, but your reputation is still important in any market! Have the go ahead to actually recruit, update the PD, be able to put time aside to interview, be prepared to make a selection – don’t stall. And induct!
All simple stuff, we know, but you’d be surprised at how many employers aren’t doing this!