Retaining & Attracting Talent

naperville business lawyerAttracting and retaining top talent is an increasingly vital issue for employers. “Help wanted” and “hiring” signs are everywhere. One recent survey found that an astounding 78 percent of businesses are currently understaffed.

Employers are trying to hire qualified employees while employees are simultaneously trying to find the best jobs with the best salaries and benefits. This has led to a situation where good employees are in high demand and difficult to find. Workers are realizing that they want a better work/life balance,  higher pay, better benefits, more flexibility, and a great company culture. Modern employees also want to make sure that their employer shares their vision and values.

Businesses hoping to overcome the current labor shortage must take a long hard look at their current policies, hiring procedures, and company culture. They need to find ways to make their business more appealing to workers. It is no longer good enough to provide a free lunch or company outing once in a while. Workers are focused on finding jobs that offer substantial flexibility, work-from-home and hybrid work options, competitive pay, ample paid leave, mental health resources, training, and opportunities for advancement. They want a company that prioritizes their employees’ well-being and provides a positive work environment.

Tips to Find High-Qualify Staff and Ensure Those Staff Do Not Leave

In the midst of inflation, labor shortages, and the Great Resignation, companies must pay careful attention to what employees are looking for in a new job. Workers want competitive pay and benefits. Make sure that your business is offering salaries that are competitive with other businesses in your industry. It may also be a good idea to rethink the 9-to-5 workday. Flexibility is increasingly important, and with advances in remote work, many employers are in a position to offer more flexible schedules.

In order to attract and retain top talent, businesses must also focus on creating a positive company culture. This includes ensuring that employees feel valued, respected, and supported. Modern employees have very little tolerance for discrimination, harassment, or disrespect. So having clear anti-discrimination policies and training has never been more important.

Workers want to work for a company that shares their values. Does your business give back to the community? Do you have sustainability initiatives? Are you an inclusive workplace? Employees will take all of these things into consideration when deciding whether or not to work for you.

Lastly, businesses hoping to draw in skilled workers must provide opportunities for growth. No one wants to feel like they are stuck in a dead-end job. If you want to attract serious employees who are highly motivated, you must offer challenging work, merit-based bonuses, training opportunities, and plenty of avenues for advancement.

Call us for Help

As businesses find new and creative ways to address labor shortages and staffing issues, they must also find ways to delegate certain responsibilities and tasks to professionals equipped to handle those responsibilities. The Naperville business lawyers at the Gierach Law Firm can handle legal concerns so you can focus on your essential duties. Call our office at 630-756-1160 and set up a consultation.

Sources:

https://www.forbes.com/sites/forbestechcouncil/2022/03/22/tips-for-attracting-and-retaining-talent/?sh=3a2e499cdf7e

https://www.forbes.com/sites/davidarmano/2021/08/16/the-great-talent-migration-four-ways-to-attract-and-retain-talent-today/?sh=2850ea2f3c68

https://www.recruiter.com/recruiting/5-innovative-ways-to-attract-top-talent-for-your-company-in-2022/

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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.

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