CEOs, Search For Qualified Job Applicants Today
Hiring managers and CEOs will know the ins and outs of their business, such as the finances, assets, and relationships with business partners and investors. But arguably, the single most important ingredient to a business is the people themselves, the human element. Handling the human element correctly can make business boom and allow workers to learn new skills and grow, but handling this wrong can actually cost employers a lot of money. Not to mention the headache of managing a high turnover rate. But the good news for anyone performing an executive search or general talent search is that there are great options out there for job seekers and employers like.
The Work of Hiring Agencies
Matching a company’s needs with a job seeker’s skills and qualifications can be tough, and an executive search, where a company looks for high-level management recruits, can be even more daunting. But there are agencies out there to help. Search agencies, executive search firms, talent acquisition services, and more can act as middle-men between a job seeker and a company with spots to fill in. Anything from an executive search for the next vice CEO to temp worker searches can be done, and a job placement agency takes the load off the employer. They can sift through many resumes and skill sets to match the right job seeker to a position.
There is need for this: turnover rates can become high, and workers often quit their jobs if they feel unneeded or extraneous. In fact, at the end of June 2015, 2.7 million workers left their jobs, a 25% increase from just two years prior. And younger worker are often fleet-footed, those of the Millenial generation (born 1982-1995). A 2016 Gallup poll showed that 6 out of 10 of these workers were always open to a new job, willing to change careers or positions at a moment’s notice. Even without that factor, low employee retention or lack of office diversity can hurt the company financially and lower workplace morale. An executive search will fill in a position higher up, and a job placement agency will find the right people to work under them.
Working at a Better Office
Worker happiness and diversity is healthy for business. It has been determined that a gender-diverse workplace (usually meaning hiring plenty of women) is 15% more likely to outperform competitors, and that rate hits 35% for ethnically-diverse workplaces. Job satisfaction is another key to success, and there is need for it; a Gallup poll showed that only 2 out of 10 workers felt that their manager did a good job encouraging them to do their best work. This can hurt employee retention rates, but managers can take steps to fix that.
According to Recruit Loop, employers can try several methods, starting with investing in their workers and give them new skills and knowledge. This gives the workers a sense of personal growth, something they usually wouldn’t want to give up by changing jobs. For another, clear-cut expectations and policies clear up any misunderstandings and help keep things running smoothly, or else workers may fall behind or become frustrated. A solid benefits package can also go a long way, as can making the employees feel personally valued. This isn’t just sentimentality; workers whose value is expressly stated are more likely to stay on board and keep contributing to the company, and this averts the costs of handling high turnover rates and having job positions empty. Finally, an employer can ask employees why they stay and gain insight, as opposed to merely conducting exit interviews.