Companies with superior performance place a great deal of value on human resources (HR). Research has shown that several HR strategies, when combined, are extremely effective at building and sustaining the workforce needed to promote productivity and growth. Below are six methods for finding and keeping the best employees for your business.
2. Take Care of Employees
Security is very important to most job seekers. A stable work life makes it possible to provide a comfortable lifestyle and take care of a family. When employment is threatened by layoffs reorganization, tensions rise within the company and workers begin to feel insecure. When this happens, the valuable human capital that your company has selected, trained and developed will start to look elsewhere. Another part of caring for your employees is protecting their data. New hires provide you with much of their personal information from resumes to photo identification, and they expect those materials to be stored effectively within an HR document management system.
2. Hire Selectively To Get the Right People
To build the most effective team, you can’t hire just anybody. You’ll need to be selective in the process to make sure your new employees add value to the organization. Common screening tools look for the following traits in potential new hires.
Ability: Can this person do this job?
Trainability: Is this person teachable?
Commitment: Will this person stay and work after training?
Some of the instruments available to recruiters are personality tests, interviews, work assessments and reference checks.
3. Value Your Teams
Teamwork is crucial to success. Teams provide significant value because they are made up of people with different strengths and weaknesses who consider each other’s inputs when making decisions. One of the key responsibilities of human resources is to build diverse, operationally efficient teams and facilitate collaboration by providing communication and project management tools. Taking these steps will make your company stronger, more effective and more profitable.
4. Offer Compensation Based on Performance
If you’ve hired the right people, you know the added value that they will bring to your organization and you’ll want to retain them. To do this, you’ll need to compensate them more than the average wage for what they do, either in the form of salary or benefits. Additionally, you can offer performance-based rewards and incentives for employees making excellent contributions. When workers are paid fairly and feel appreciated, they are more likely to remain loyal to the company.
5. Prioritize Relevant Skills Training
Once you’ve recruited the best people for your team, you're obligated to provide them with the necessary skills to perform and remain leaders in the field. Especially with the latest and greatest technology developing rapidly in today’s world, companies can’t afford not to invest in top-quality training opportunities for employees.
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Along with on-the-job learning, current job seekers are looking for positions with companies that value professional development as much as they do, and if you can’t offer any, you’re bound to see your turnover rates increase dramatically.
6. Make “Need-To-Know” Information Accessible
No department can operate effectively when pertinent data isn’t accessible. Information sharing is essential for creating a corporate culture where employees feel trusted with material regarding company strategy, operations and finances. Open communication from leadership also discourages the rumor mill because only facts are circulating. Be honest with your staff about the business they work so hard to build and maintain.
To achieve your company’s ultimate goals, your HR strategy should be in line with your strategy for ideal productivity. You can’t do it all yourself, so you must focus on getting good people and then keeping them.