Retaining top talent in your business can be a struggle. They may have accepted an offer at another business before you even realised they were looking. It’s not about convincing them to stay when they want to leave, it’s about keeping them happy so they want to stay. Here are our tips on retaining your top talent:
- Have a good application process
How an employee enters your business can have a huge impact on their desire to stay. Sounds easy enough, right?
Unfortunately, this is a big miss for a lot of companies. A top frustration of candidates that stops them from applying for a job is a lengthy application process.
Think your application process is good enough? Take 10 minutes and see if you can apply for a job with your business. If your application takes more than 10 minutes, you should be looking into other solutions.
“Retention starts right from the beginning, from the application process to screening applicants to choosing who to interview,” says Dan Pickett, CEO of Nfrastructure – cio.com.
- Review your onboarding experience
If your employee’s first day in this business has them twiddling their thumbs, you might want to review your onboarding process. You don’t need to throw your employees into work right away, but give them something to keep them engaged.
Set them up with a buddy, have an onboarding video, even send them flowers to make them smile. It’s the little things that count.
Take this the next step further by integrating your onboarding process with your HRIS for an end to end solution.
- Provide them with the ability to show their growth for new internal opportunities
87% of millennials reported development opportunities were a top priority in their career.
But with growth opportunities comes a number of issues: how do you tell people about them? How do you know if they’re qualified?
The solution is easy, pick a recruitment platform that allows your employees to share their skills and experience as they gain them. That way, when a new role comes up in your business, you can easily see if anyone already in the business is qualified. You reduce your time to hire and cost to hire and your employees feel more valued in your business. It’s a win-win.
- Let your recruiters collaborate with your hiring managers
Inc.com reported 20.2% of employees leave because of lack of fit to their job description. Working directly with hiring managers and giving them visibility and communication channels to their relevant talent will allow managers to see their employees beyond the role they are put in. Getting to know talent from the start will show the experience they can leverage to take their role to the next level.
Transforming your whole recruitment strategy is a big task, so take little steps to start. Small changes might just have the biggest impact on the retention of your employees.
Interested in understanding how a Talent Community can help you attract the best and most relevant talent for your organisation? Download our free Talent Acquisition Handbook today.