You’ve successfully attracted the best talent to your business. Now you have to ensure that you retain these invaluable resources.
Recruiting staff has become a major challenge for businesses. Managers have to adapt to a shifting market and generational changes.
In this highly competitive context, your business has to master the art of recruiting as well as retaining and mobilizing employees.
Rethink the corporate culture
The intermingling of generations in an organization can lead to disparity and the need to deal with diverse values and expectations. It’s a factor that managers must consider carefully by rethinking the corporate culture to ensure they retain their talent.
For Gen Xers and Gen Yers, the long-term commitment to an employer is not as important as it is for prior generations. Individual well-being, transversal leadership, innovation, social engagement and working conditions such as flexible hours, salary, the dress code and benefits are key areas on which the new generations focus.
Why not consider undertaking a diagnosis of your working environment? A structured approach could help you rethink your policies, onboarding and integration process or values.
A corporate culture aligned with your business objectives will guide decision-making and behaviours. It will help you stand out from the competition and make your organization an employer of choice.
Review management methods
Fair and efficient management methods will support the implementation of your organization’s strategic directions and enable it to achieve its strategic and financial objectives. These methods could include, among others:
- Aligning your management model and business plan with consistent decision-making leadership;
- Managing future labour requirements based on business objectives;
- Implementing various communication mechanisms that will foster a sense of belonging and develop the corporate culture;
- Introducing recognition programs: they must be positive, genuine and constant;
- Transferring knowledge and developing competencies;
- Managing the performance and career of the strongest talent;
- Focussing on a distinctive offering in terms of the overall compensation package (financial and non-financial);
- Planning the succession to ensure the smooth continuity of the business.
The corporate culture and management methods are key loyalty factors. In the current workforce shortage context, employee turnover is costly. Now more than ever, it’s vital to establish a structured plan to retain resources.
Our team of human resource consultants can support you in all phases of employee management, from hiring to coaching managers. Call on our in-depth knowledge to boost your organization’s success.
21 Oct 2019 | Written by :