"The Pessimist complains about the wind.The optimist expects it to change.The leader adjusts the sails."~John Maxwell
While most of our Chamber businesses are uniquely different, we share some common challenges. In 2016,we are experiencing talent shortage with many employers generally hungry for quality candidates. This leadsto hiring practices becoming more and more competitive.
Here are a few examples of the current trends in seeking quality talent:
● Leveraging Benefits:
Job seekers not only want to negotiate financial benefits like base compensation, a signonbonus and such – which may be more difficult to attain in the currenteconomic climate – but also for perks like flexible work schedules and additional time off. Candidatescan expect to see offers that include ramped up benefits like personal time off allowances andextended maternity and personal leaves.
● Increased interest in boomerangs
The trend of employees considering returning to their formeremployers is on the rise. As more recruiters (and therefore employers) tap into this potential gold mineof rehires, they’re discovering the benefits of a former quality employee since boomerangs alreadyknow the company culture and infrastructure. The main benefit is a reduction in the time to hire as wellas the training period.
● Lucrative employee referral programs
In 2016, it’s likely employers will ramp up their referralprograms for employees, as well as start extending referral bonuses externally, such as offeringfinancial rewards to guests/clients of the company and former employees.
● More flexibility
Until recently, it was common for candidates to be nervous about asking potentialemployers for flexible work arrangements. Now more and more employers are offering flexibility as partof their employment package up front. And the options will continue to expand this year – fromoccasional telecommuting to staggering work hours and more.The number one way to limit the need for hiring new talent is by managing turn over and retaining the talentyou have. Where there will always be circumstances beyond our control that will result in a quality employeechoosing or needing to leave their current workplace, there are yet many cases in which we can be proactive inemployee retention.We would be wise to understand some things employers do that send good people packing, such as:
Nothing burns good employees out quite like overworking them. It’s so tempting to workyour best people hard that leaders/employers frequently fall into this trap. Raises, promotions, andtitle changesare all acceptable ways to increase workload. If you simply increase workload becausepeople are talented, without changing a thing, they will seek another job that gives them what theydeserve.
● Not Recognized for contributions and/or rewarded for good work
It’s easy to underestimate the power of a pat on the back, especially with top performers who are intrinsically motivated. Everyone
likes kudos, none more so than those who work hard and give their all.
● Not Cared More than half of people who leave their jobs do so because of a poor working
relationship with their immediate boss. Smart companies make certain their managers/leaders know
how to balance being professional with being human. These are the bosses who celebrate an
employee’s success, empathize with those going through hard times, and challenge people.
● Not encouraged to grow: When managers/leaders are asked about their inattention to employees,
they try to excuse themselves, using words such as “trust,” “autonomy,” and “empowerment”, which in
some cases is complete nonsense. Good leaders invest in developing employee skills, no matter how
talented the employee. They pay attention and are constantly listening and giving feedback.
If you want your best people to stay, you need to think carefully about how you treat them. While good
employees are hardworking and reliable, their talent gives them an abundance of options. You need to make them want to work for you!
It is my pleasure to be associated with so many business partners as your Chamber Board Chair. As always I
wish you all great success in your businesses and I thank you for your contribution to our great community.
There are many Chamber events on the calendar this month make sure to check them out on our website
and/or follow us on social media.
Happy Mother’s Day to all the Mom’s out there!
Carmen Fisher, Board Chair