How to Attract and Retain the Best Employees in the Market?
In reality, the perfect company doesn’t exist even though even though everyone dreams of working in one. If you are looking at even the top rated businesses around the world, you can still hear employees griping about something, and that’s normal. So what makes top rated companies on top of the competition? What is it that their executives are doing that, their employee retention is very high?
While it is easy to say that the answer to this question is no rocket science and that it has long been figured out, one cannot put in a single box all the things that employees would want to make them stay. Business magazines and those business-related blog sites have listed some of these common denominators.
One of the most common factors is flexibility. Whenever it is that one is seeking for employment, one of the things that are being asked for is how flexible the work schedule is. It is always advantageous if the business offers flexibility in the working hours. Nobody wants to be glued for hours on their chair and gone are the days that employees would want to stick with an 8 to 4 job. So if you are a business owner, find time to make the work hours more considerate.
The welfare and the health of every employee should also be given great importance by company owners. Better access to health care services is what most workers would be looking for when they seek for employment. Employees are likely to stay longer with their employer when they are given good health insurance coverages for their selves and their dependents. Inclusivity even for those part-time workers and giving them the same health care benefit is always a plus.
Nobody wants to retire someday and still feel the need to work even at a very old age because of financial needs. It would be a relief to know that when this time comes, an employee has the right type of pension that can support the lifestyle they will choose. Of all the pension plans available, the Safe Harbor 401 K is deemed as one of the most popular to date. This is especially a very popular retirement plan for most small businesses today. Help employees prepare for their future and allow their money to work for them by getting them the right pension plan that gives better return on investments.
It would be very costly to hire new employees compared to working on making them stay to work for the business. It is said that hiring costs seven times more than keeping a good employee. It is, therefore, a strategic move for business to work on making their employees happy and satisfied to make them stay with the company. The three factors above are considered as the most common factors that most employees would look for in a company.