As a business owner, you know it’s currently a job seeker’s market. Seasoned professionals are often changing companies to take on new challenges and pursue different opportunities. As a result, you need to more closely focus on ways you can find and keep top talent. Follow these guidelines to hire and retain the professionals you need to build your bottom line.
Improve Your Hiring Process
Because top talent won’t wait long for a job offer, you need to improve your hiring process. For example, have candidates meet with multiple interviewers in one day so that candidates become acquainted with potential team members and hiring managers can confer about which candidate is best suited for a position. Also, let candidates know how their roles help achieve company goals so that candidates are more likely to achieve desired results. In addition, keep candidates updated on the hiring process so they feel more secure knowing where you’re at and may be less inclined to take other job offers.
Provide Competitive Compensation, Benefits and Perks
Show your employees they’re valued by providing competitive compensation, benefits and perks. For example, ensure salary is in line with similar positions throughout your industry and geographic area. Also, create a plan for employees to earn bonuses and raises when achieving company goals. In addition, provide benefits such as health insurance, a retirement plan, and PTO. Furthermore, offer perks such as flextime, remote work, or a four-day work week.
Stress the importance of open communication among all levels of your company. For example, ensure employees have a clear outline of what’s expected from their job performance. Also, have managers regularly provide constructive feedback to improve employees’ performance. In addition, encourage employees to provide input and ask questions during meetings. Furthermore, have an open-door policy allowing employees to speak with managers without being concerned about repercussions. Additionally, reinforce your company’s mission and how employees contribute to reaching business goals.
Offer Professional Development
Employees rank professional development high on their list of offerings that encourage them to remain loyal to a company longer. For example, you may regularly provide opportunities for colleagues to collaborate on projects. You may also reimburse expenses for career-related seminars, conferences, and classes. In addition, you may offer your employees coaching or mentoring programs. Furthermore, you may create rotational programs that expose employees to different areas of your company for cross-training purposes.
Promote from Within
Whenever possible, promote from within your company. Giving employees opportunities to advance encourages them to remain with your company longer. Since your employees already fit in with company culture and understand your business processes, you won’t have to invest as much time or money training them for a new position.
Are you looking for expert financial talent for your team?
Implement these ideas to retain your top talent. For further help securing your best accounting workers, contact Mercer Bradley today or check out our expert accounting professionals in our talent showcase!