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5 Ways to Attract and Retain Top Talent

5 Ways to Attract and Retain Top Talent

As a startup CEO, attracting and retaining top talent can be one of the biggest struggles that you face. If your business is brand new, you may wonder what you can offer in order to get and keep the very best talent in your field. Here are a few ways to set yourself apart from other companies in the market for those great employees.

Expect to recruit the best employees

Once you’re the best and the brightest, you can expect great employees to come to you. When you’re still brand new, you will need to reach out to the places your ideal employee hangs out, and you will need to sell them on your company. For example, if you know you want to find a content writer or marketer who believes in Seth Godin’s approaches to marketing and thought leadership, you would want to frequent both Godin’s blog directly, and then blogs and communities that discuss his writings. You would talk about your company, your culture, and then start to talk to content writers who engage with you. This way, you know that you’re approaching people who are already on the same page with you in terms of approach.

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When you’re recruiting on the Internet, though, remember that if you’re looking for someone to fill an in the office position, you may be looking at paying moving expenses. Offering that up front is a big deal to many potential employees.

Offer great parental leave policies

Maternal and paternal leave is an active talking point in the modern economic sphere. As more and more research is done on how women are more likely to return to their jobs after longer, more generous parental leave times, and men perform better when they have time to spend with their families and bond with their new babies, it is becoming more and more obvious that companies who want to attract and keep the best people need to offer great parental leave. Studies show that paid maternity leave also helps business growth.

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And remember that parental leave at the very best companies is offered to families who are created through all methods, from birth to adoption to assuming custody of relatives or children.

Engage and empower employees

The very best employees are the ones who challenge your company to do better and motivation plays a significant role. They bring in fresh ideas and new concepts, and aren’t satisfied with the status quo. Their ability to look at problems and come up with brand new solutions are a big part of why you’re trying to recruit them, instead of opting for the person who is just going to come to work and check things off their list until it’s time to go home.

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But the challenge of hiring the best and brightest is that you need to give them room to experiment, to try out different options for success, and even to fail. If you hiring an idea person because you need to revolutionize their department, but you then chain them down with endless reporting, busy work, and a refusal to try something new, you’re not going to be able to keep them. If you need someone who’s all about checking off the to do list – and sometimes, that really is the person you need, and that’s okay – than hire that person, and be clear about your needs.

Broadcast your culture as an employee benefit

For many of the youngest workers, employee culture is a huge part of how they choose where they work. Every employee has individual needs and wants for their workspace, and a big part of retaining employees is being honest about your employee culture up front. You may find that an otherwise awesome person doesn’t get along with the culture of your business, and there may not be much you can do about that. Some elements are flexible, while others are not. But by weeding out the people whose culture doesn’t align with yours during interviewing, you reduce the time and money that you spend on recruitment and training.

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Pay for relocation expenses

If an employee moves more than 50 miles to continue to work in the same field, their moving expenses are generally tax deductible. Make sure they know this – but also go a step above and beyond and offer to cover moving expenses for employees who are relocating to join your company, or to go to a different branch of the company.

What have you done to attract and keep top talent?

Featured photo credit: Cabinet Office via flickr.com

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Margarita Hakobyan

MBA from the University of Utah

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Last Updated on November 13, 2018

Do You Want to Know the Secret to Living a Fulfilling Life?

Do You Want to Know the Secret to Living a Fulfilling Life?

Don’t we all want to live a full, happy and satisfied life? For some of us, it need not be a long life as long as it’s been a fulfilling life of achievements, happiness and no regrets. But, how many of us actually go on to experience that entirely? It sometimes sounds more like a pipe dream–a fantasy rather than reality.

And then you’ll also get comments from some, saying that this ‘fulfilling life’ is only possible if you’re so rich that you don’t have to care about working, paying the bills or providing for your family. While there is some truth to that, I’m happy to say that financial freedom isn’t the only answer to living a fulfilling life.

Living a Fulfilling Life is Within Reach

Anyone can pursue a life of fullness, and it all starts with the willingness to learn. How many years has it been since you last attended a class in school? If you’re well into your adult years as a working professional, chances are it’s been a while. Do you remember the times where you had to wake up for early morning lectures? Or the times where you were rushing through a paper or project? And, of course there were the endless exams that you had to cram for.

As a young college student, I remember looking forward to the time when I would finally be done with school! No more homework, no more grades to worry about, no more stress! The learning was finally done and I could enter the working world.

Not so much!

Now that I’ve finally entered the working world, there are moments where I do wish to be a student again; it seemed less stressful then!

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There is simply so much out there that I still need to learn and experience. Yet I find myself pressed for time. With family commitments, my business and my own social life to juggle, I’ve had to keep on finding for new ways to learn and absorb new information efficiently. Over the years, I’ve found that by learning new skills and knowledge, I was able to find answers and solutions to my problems, which allowed me to achieve a greater sense of fulfillment.

Learning Never Ends

The truth is, learning never ends. Generally speaking, it is true that a formal education and the resulting qualifications are important in securing good jobs; jobs that allow you to excel, earn more and perhaps become more successful in our chosen career. But going to school is only one type of learning. All throughout your life, you’re learning in many ways. All these experiences shape and grow you into the person that you are today.

There are many opportunities to further your knowledge and develop the skills you need throughout life. Knowledge can be acquired and skill-sets can be developed anywhere. However, lifelong learning is about creating and maintaining a positive attitude to learning both for personal and professional development.

Many people overlook the fact that learning can take place anywhere and in many forms. Most would tend to think of learning as the years spent in a learning institute, which occurs mostly in their younger days. And once you go out into the working world, your ‘learning’ ends.

This is not how it has to be–in fact, lifelong learning is a gift that keeps on giving.

The Importance of Lifelong Learning

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Why is it important to become a lifelong learner?

A lifelong learner is motivated to learn and develop because they want to; it is a deliberate and voluntary act. Lifelong learning can enhance our understanding of the world around us, provide us with more and better opportunities, and improve our quality of life.

You’ll Remain Relevant in the Workplace

With advancements in society today, the human life expectancy continues to increase, which means more people are also retiring at a later age. So no matter what stage of life you’re in, being a lifelong learner brings its own rewards. It means we can get more personal satisfaction from our lives and jobs as we understand more about who we are and what we do.

This can lead to better results and a more rewarding working day in turn. Whether it’s for advancing your career, a personal interest or wanting to pursue new dreams, learning automatically pushes you forward towards progress and enhances your wellbeing.

You’ll Increase Your Earning Potential

From a financial point of view, a more highly skilled and knowledgeable worker is an asset to any company. This also leads to faster promotion with associated salary increases.

Someone who can offer more expertise will be of more value not just to employers but also to customers. Expertise is also, often, a key quality of an effective leader.

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And since you’ll constantly be accumulating knowledge, you’ll have an edge on those who don’t value lifelong learning and can’t bring as much to the table. Your extra knowledge will translate into transferable skills, which means you’ll always be primed to blow the competition out of the water.

Learning Gives You Options

Of course, one of the most rewarding reasons for continuous learning, is that it gives you options! Successfully changing career path in mid-life and spending time informally developing expertise is more common than ever, especially during rapidly changing market conditions.

Whatever your age, it’s never too late to start fresh in life. When you start educating yourself and exposing yourself to new knowledge and information, you widen your opportunities. This will allow you to do more than what you may currently be doing, or give you a way out if you’re not happy or fulfilled with where you’re at now.

Our economy is shifting increasingly towards short-term and part-time contracts with more flexible work-patterns. We have to adapt to changes going on in the work-world, make more of ourselves by stepping out of our comfort zones, and break the false ideas about our potential and how we believe life is going.

Gain More with Cornerstone Skills

You may be well into your career, but feel like somehow, something is still missing. Or maybe you’re not entirely happy with where you’re at in your career path and feel it’s time to reflect and perhaps do something new. Or you might be thinking of retiring soon, and thinking about next steps after retirement.

The learning never needs to stop!

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This can be your chance to go after a dream or interest that you’ve always had (but never had the opportunity, or time, to pursue). This could finally be the time for you to create the change that you know you should have made ages ago.

Why not take the first step to learn about 7 important Cornerstone Skills, which will help take your life to the next stage?

Whatever situation you’re in, having these 7 Cornerstone Skills will no doubt equip you to tackle the challenges of life much more efficiently. Don’t let age, your limitations or a comfort zone stop you from seeking greater rewards and self-improvement.

Transformation and change is in your hands–you have the power to make big things happen, and we can help teach you the skills. Don’t let life pass you by! It’s time to pursue a fulfilling and happy life.

Featured photo credit: Artem Bali via unsplash.com

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