Are you struggling to attract and retain top talent? You’re not alone. In 2022, recruitment and retention are two of the biggest challenges facing businesses. Economic uncertainty, a cost of living crisis, and a skills shortage have created the perfect storm for employers across the country. With 1.85 million active job postings and a shrinking pool of qualified candidates, it’s a candidate’s market.
But it’s not just about offering a higher salary anymore. Prospective employees want more from their employers – flexible working arrangements, inclusive cultures, and a range of employee benefits. In fact, many benefits that were once considered “nice to have” are now seen as essential.
And it’s not just recruitment where employers are struggling. Retaining key staff is also a headache. Employees want to progress in their careers and be adequately compensated for their hard work. Micromanagement is also a retention killer, with employees increasingly searching for workplaces that trust them to perform their duties without overbearing supervision.
So, what can you do? Focus on the basics. Offer training and career development opportunities, access to a variety of benefits (especially health and wellbeing initiatives), and recognize individual achievements. Most importantly, create a positive workplace culture that fosters growth and collaboration. After all, as the legendary Peter Drucker once said, culture eats strategy for breakfast!