BALANCE AT WORK BLOG

It’s not all about the money

hiring
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The recently released Hay Group Australian Salary Movement Index report has some interesting things to say about the basics of finding good staff – and keeping them:

The research reveals that organisations wishing to have higher engagement among employees and lower turnover should focus on getting these five fundamentals right.

1. Confidence – in the organisation and its leadership, providing clear direction ‐ line of sight ‐ and
support

2. Development – ensuring clear pathways for career development and progression are in place and communicated

3. Selection – ensure you are selecting the right people for the right job in order to maximise employee contribution and minimise turnover costs

4. Reward – fair (internal and external) recognition of both monetary and non‐monetary methods,
ensuring it’s a good fit for the organisation

5. Enabling employees – giving people what they need to do a good job, and an environment that is
positive and one that fosters innovation and creativity

How do you apply these basics in your organisation?

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