The secret weapon of your business
There is little doubt of the importance of having good people in the business. But for many industries human resource management and recruitment can be one of the most frustrating of business functions. High staff turnover, low commitment or loyalty can leave a business operator wondering where to turn to next, what magical advertisement or staff sourcing secret will solve the problems which are often holding the business back.
Successful companies realise people are their most valuable asset and work to have a strong human resource management process
Retaining staff has bottom line benefits for your business
Continuity and stability become part of your business' culture and staff feel they belong to and take pride in the business. Skills and competencies are maintained in key business areas and productivity is often increased.
Unwanted staff turnover can have a negative effect on your business, especially if those who go are key to the success and continuity of your business. Pay is rarely the only reason why people leave, poor management is.
When you run a business it is good to be aware of factors that commonly affect staff turnover rates and understand what motivates workers, so that you can take steps to increase retention.
Human Resource Management and Recruitment can be a costly and time consuming process. Sound recruitment policies and procedures can directly assist you to attract and retain quality people
Recruitment is not simply a matter of filling a vacancy, but a carefully considered process of matching the right person to your position. Is poor staff planning costing your business?
Human Resource Management - becoming an Employer of Choice
What does it mean to be an employer of choice? It means your business has a reputation of being a great place to work
Sometimes, to find people with the right skills and attributes for your business you need to think about what your potential employees will be looking for in a job. Money isn't always the main motivator for workers.
Incentives are rewards for achieving goals, whereas perks are benefits on top of basic salary. Both can help you recruit and retain valuable staff, reward performance and productivity and get the best out of your employees
Good Human Resource Management extends across all areas of your business. Recruitment, training, working practices and working environment are all areas where improvements will benefit both the business and your employees.
Involving employees in reviews and having open communication can help ensure you're not overlooking obvious improvements e.g. technical staff would be aware of inefficient processes while sales and customer service staff would be aware of common sources of complaints.
It can also help you gain employee trust, commitment and buy-in when implementing changes, if employees have been involved in the process.
Focus on getting people with the right attitude
What’s in it for the business?
The advantages of being an employer of choice from a business perspective include:
- Loyalty
- Performance
- Retention
- Higher percentage of applicants
- Lower percentage of staff turnover
- Cost saving of retraining
- Reputation
- Increased productivity
If you would like to learn more about winning Human Resources Management and Recruitment processes call ClientEdge today on 03 9524 3150