Perfecting the craft of attraction and mastering the retention formula is paramount for every hiring manager and business, regardless of the industry.
Below we delve into the hidden strategies for drawing in, retaining, and nurturing top talent:
1) The Art of Attraction
Job boards like SEEK should be a minor fraction of your overall strategy. A comprehensive campaign that engages the ENTIRE workforce is pivotal. Attraction techniques should naturally encompass ACTIVE job seekers, but it's the untapped potential of the PASSIVE job market that often lures exceptional talent. PASSIVE job seekers are inclined to explore opportunities, and leverage their networks, rather than sifting through countless online listings. They crave deeper insights beyond typical job postings, and they represent a substantial 60% share of the market.
For us, 57% of our placements are sourced from our activity NOT from job boards!
This is possible due to our connections, proactive campaigns and a 21,000-strong database of local PASSIVE job seekers.
2) Culture Connection
During the screening and interviewing phase, it's important to look beyond the skill set. A connection across culture, company values, and the leadership team needs to be considered. It's this alignment that contributes to low attrition rates as it creates an environment where employees feel a strong sense of belonging and purpose.
The mme formula focuses on a JOB + BOSS + CULTURE selection process which means you're 3x more likely to find the right person for your organisation.
3) Retention Recipe
Transforming new hires into fully engaged team members is just as important as finding them. The recipe comes down to a comprehensive and supportive onboarding process BUT ... you can't stop there, it's a continual strategy! An aftercare strategy is the ingredient that ensures top talent stays. Key elements include an understanding of strengths and growth areas, acknowledgment programs, development pathways, effective communication channels, well-being and benefits packages, mentor and support offerings, a positive and inclusive environment and feedback opportunities.
Our unique onboarding and aftercare program contributes to our 94.8% retention rates.
WANT MORE?
READ about how an mme business partnership forged long-term retention averaging 9.8 year tenure.
TALK TO US about how we can support your attraction & retention strategies