Businesses know that they must have the best talent in order to succeed in this competitive and increasingly complex global economy. Along with the understanding of the need to hire, develop, and retain talented people, organizations are aware that they must manage talent as a critical resource to achieve the best possible results. Recruiting and keeping the right employees, matters.
Hiring the best talent
Talent is an increasingly scarce resource, so it must be managed effectively. To avoid losing your top talent, you must know what you’re looking for.
Here are a few guidelines:
Competent and Capable: This is still the first two factors to consider. Does the potential employee have the necessary skills, experiences and education to successfully complete the tasks you need performed? Will this person complete not only the easy tasks but will he or she also find ways to deliver on the functions that require more effort and creativity? Being capable means the employee has potential for growth and the ability and willingness to take on more job responsibility.
Skills and Ambitious: Skills is not the only thing, but it’s a strong foundation for success. While there are many variables you can be flexible on when hiring, the right skills is a must or you’re going to be spending an abundance of time proofing work, micromanaging and dealing with heightened stress levels. Employees can only help your company if they want to help themselves have a better career. Ambition is what makes a company innovative, it’s what brings out creative ideas and what generates openness amongst employees.
Developing your employees
Training, mentoring and coaching are things every employee values within their company. Developing your staff is a good long-term investment for your company and for them personally. Taking an honest interest in someone builds loyalty. Loyal employees are more engaged.Engaged employees are more productive.
Development doesn’t have to involve money. It’s mostly a matter of good managers taking the time to sit down face to face with their employees and finding ways to understand them. You just need to know their skills, talent, experience and tap into it.
Retaining your talent
For businesses to thrive in today’s economy, finding and retaining the best employees is important. It isn’t the technology or the product that makes a company great, it’s the people.
Hiring the right people in your company is by itself challenging, but the process doesn’t end once you’ve appointed someone. It is extremely critical to train and engage these employees so that you can help them attain peak performance.
Apart from this, you also need to have a strategy in place to retain your talent.
Having a good compensation and benefits package is vital. The compensation need not be just along monetary terms. You can explore to customize the package based on the needs of the individual as well.
Two ways leaders ensure that they retain their best talent:
Train your managers: It is a well-known fact that people often leave their managers and not necessarily their organizations. Add to it, your managers define and maintain the culture of your organization and so it makes a lot of sense to train your managers well.
Give employees opportunities: Your best employees are those individuals you want to retain, seek frequent ways to learn and grow in their careers, knowledge and skills.
Without the opportunity to get involved in more projects and participate in team work, employees feel they will stagnate. A career-oriented valued employee must experience growth opportunities within your organization.
Take a look at your business. Are you doing your best to retain your top talent?
We understand that attracting talented people, engaging them, inspiring high performance, rewarding and retaining them can be time consuming and challenging, but it doesn’t have to be.
We are a specialist recruitment agency, with the very best recruiters and we want to help you. We specialise in the sourcing of top candidates in the Finance, IT, Engineering and Supply Chain/Freight industries, both for permanent and contracting placements throughout South Africa, and the African continent. Contact us today!