Organizations seeking new ways to attract and retain employees while staying financially stable in a volatile economy need look no further than their compensation strategies. A well-constructed compensation strategy can be a deciding factor for why employees choose a company and how it reaches its growth goals.
With workers continuing to leave jobs in high numbers, it has never been more important for organizations to understand how to hire for employee retention. Being able to identify the best fits for a company’s roles, teams, and culture and understanding candidates on a deeper level can make the difference between success and failure.
Many HR professionals are excited about the emerging trends that will enable HR to work hand in hand with departments across their organizations to bring about sorely needed boosts in workforce culture and engagement for improved retention.
Recruitment marketing was a big topic of conversation in recruitment circles in 2022. But just how important will it be going forward? And can it solve the challenges that recruitment teams are likely to face in 2023? Here are some of the changes and trends to expect in the coming year.
Because a business's most valuable asset is its workforce, employee retention is likely one of its top priorities. In the current job market, though, retention is becoming increasingly difficult. Although many organizations take proactive steps to keep their employees happy after they've been onboarded, the best method for achieving high employee retention begins before the first interview-and it's built around company values. By using five key strategies to bring its core values to life, an organization can attract the applicants who are the best fit for the company’s culture and keep its current employees happy, too.