- Our Team
August 25, 2022
The reasons for talent shortages can get complex. Oftentimes, they stem from one or more of the following:
Whatever the reasons, you need to tackle them — as failure to do so can lead to operational disruptions and poor business performance. Below are some tips.
Fill urgent roles as quickly as possible
Although the roles need to be filled promptly, be careful of making bad hires.
For example, you can:
Examine your employment practices, and make the necessary changes
This is a widescale initiative that involves analyzing all areas of your organization’s practices when it comes to employees.
For example, you can assess the following:
Provide more flexibility
Studies show that employees value flexibility now more than ever. Flexible work arrangements may also help you retain employees who are thinking of leaving for personal reasons. For example, if the position can be performed from home or on a part-time basis, the employee may consider staying.
According to Ernst & Young, “Flexibility is now a key factor in talent strategies and needs to be used as a tool for enhancing the work employees do.”
So, going forward, try to incorporate more flexibility into your talent attraction and retention strategies.
Step up your competitiveness
When competing for talent, you need to put your best foot forward.
It’s also important to keep the employees you already have. This means pulling out all the stops to reduce turnover and increase employee satisfaction.
September 21, 2023
When many business owners see the term “financial reporting,” they immediately think of their year-end financial statements. And, indeed, properly prepared financial statements generated at least once a year are critical. But engaging in other types of financial reporting more frequently may help your company stay better attuned to the nuances of running a business in […]
September 19, 2023
When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore the rules and your firm could face costly penalties from federal regulators — and plan participants might sue you for mishandling trust assets. This is no time to be a do-it-yourselfer. […]