1. Staff retention –
Staff turnover can be the most costly strain on any business regardless of sector. This makes keeping you current staff one of the most important things you can do to keep your business viable. Below are some key points that should help you retain your staff.
A. Identify why staff leave – To do this, you need to introduce an exit interview process. It does not have to be too time consuming and could consist of a 10 minute ‘chat’. If you can identify the most common reason for staff leaving your organisation you can put policies in place to help retain them in the future. An exit interview can also give you the opportunity to rectify any situation that has led to the member of staff leaving which could then want to make them stay.
B. Empower your staff – Try not to over manage staff and allow them some freedom to manage their own workload. If your staff feel as though they have no input in the running of the organisation they will be more likely to leave.
C. Positive, not negative, reinforcement – Aim to reward staff for good performance rather than reprimand for poor performance. Most companies forget to balance this and will automatically reprimand workers for not performing rather than focusing on their good performance and rewarding it.
D. The opportunity to progress – Studies show that people staff with the opportunity to progress are 10% more likely to stay. Personal Development plans, or PDP’s, can help shape an employee’s career path and offer them a sense of moving towards their goal.
2. Common talent sourcing mistakes and using different recruitment sources –
Most businesses rely too heavily on advertising to fill a job vacancy. To reach more of the candidate pool you must use as many different sources as possible. You can use CV databases and recruitment agencies, this gives you a larger pool of candidates to select from. Once narrowed down, you can find the candidate that fits your job specification with more accuracy. Also, more and more people are searching for work using social media sites such as Facebook and LinkedIn, make sure that you stay active on social media and post at least one new update weekly.