One of the constants in running a business is the challenge of attracting and retaining high quality staff.
We have seen businesses opting to improve productivity among existing staff and control their recruitment budgets since the GFC hit Australia. At the same time, unemployment is staying low and the number of jobs advertised is slowly rising.
A recent report by Hudson found that around 44% of employers still find it hard to source candidates with appropriate skills. The war for talent continues!
Add to this the estimated cost of losing an employee at 70-150% of their salary and you can see why it’s vital to get the right person the first time.
What can you do to win in a talent war?
1. Upskill existing staff.
Or hire for attitude and train for skill.
2. Only use advertising that attracts the best people.
Include role and salary details, company name and location, benefits (including training). Tell what it’s like to work for your company and why they should want to work for you.
3. Follow a transparent and structured process.
Candidates will recognise your level of honesty, fairness, consistency and flexibility in the recruitment process. Delivering in these areas will help you stand out from your competitors for limited talent.
4. Use a variety of sources of information.
Combine different ways of assessing candidates to ensure you get all the information you need to make your decision. Take the time to introduce them to the team or involve a peer in the interview process to confirm cultural fit.
5. Get help.
Unless this is something you do every day consider getting help form a recruitment consultant who knows your industry. A good consultant can quickly identify ways to inprove your skills shortage strategy.