If you’re one of the many businesses facing challenges when it comes to hiring skilled and experienced workers, you’re not alone. You may also be grappling with keeping your current employees and dealing with turnover since the pandemic. In an increasingly competitive business world, top talent is in high demand and if you’re not taking steps to make both your new and longtime workers happy on the job, another company will. Employee turnover is also expensive. When you figure in the costs of hiring, onboarding and training, learning and development and time wasted with an unfilled position, losing an employee can really add up. Contemporaries is the top staffing firm in Washington DC. We’d love to help. Here are some tips for hiring and keeping employees.
What are today’s workers looking for in a company and what does it take to keep them long- term? Of course, a competitive salary is important, but it’s only part of the equation. Here are some of the top reasons employees stay with an organization:
- Growth and development
- Work/life balance
- Recognition and appreciation
- Belief in the company mission and future vision
- Work that feels satisfying
- Strong sense of purpose
- Good relationship with managers
- Talented co-workers
And one of the top factors? Benefits. The Society for Human Resources Management (SHRM) 2020 employee benefits survey found that over 90% of employees feel that benefits are important to their overall job satisfaction. The pandemic has changed what employees are looking for when it comes to benefits. Health care still ranks the highest, but other areas of importance are: flexible work, leave, family friendliness and wellness.
A competitive job market demands that companies take care of their employees and offer a workplace environment where people want to stay and contribute for the long-term. A strong benefits package is a big part of this. The COVID-19 pandemic caused many employers to revisit the benefits they offer. Do you need help revising your company’s plan in order to attract and retain the best talent? Contemporaries can help you define your benefit package needs and discuss your options. Call us today at 301-565-0445 and learn how we can work with you to enhance your firm’s employee benefits.
