The beginning of the year always gets us to thinking about goals, everything from eating better to attaining a more optimal work-life balance.
Companies, too, can benefit from this time of taking stock and making goals and so in the spirit of setting you up for success in 2020, here are our five best tips on where you should focus your time and effort this year.
Retain your best talent
The best strategy to pursue as we enter into another year of an ultra-tight job market? Hang onto your best talent and make it a goal to improve your level of overall retention.
Money, of course, will always be a prime consideration, but you might be surprised at how employees’ satisfaction is driven by other non-monetary factors such as work-from-home time and even how your company addresses the environment.
We periodically survey our database of job seekers and executives for anonymous intelligence that we then pass onto our clients and so we wanted to know, which of the following factors have the biggest impact on happiness, and therefore, retention:
- eco friendly development strategy
- free, catered lunches
- free development courses
- work from home option
- 4 day week
- unlimited vacation time
- on site gym
- paid time off for volunteering
Find out exactly what you should be focusing on if you want to improve your employee retention below: Insight Report: The Perks That Really Drive Job Satisfaction
Another way to develop an “edge” in a tight job market is to develop a “talent acquisition strategy” which is a high level view of how your current employees and desired future hires fit into your business objectives and goals for the future.
While developing a talent acquisition strategy takes a little time and planning, it allows you to be proactive instead of reactive in terms of thinking about how hiring fits in with your business.
Related article: Do You Have a Talent Acquisition Strategy?
Ask better questions
This one relates to the strategic thinking goal above: if job interviews have long been a thorny area for you (they are for many hiring managers), we’re here to help with a simple matrix of goals. Walk into an interview with these simple ideas in mind and you’re going to get a much better sense of the candidate you are interviewing and how he or she will fit into your business.
Related article: To Conduct Effective Candidate Interviews, Focus on These Four Goals
Tap into bigger networks
One thing that we here are ACCUR are uniquely positioned to do is to talk our clients through the implications of hiring in different parts of the world. That’s because we work with a global network of partners in cities all over the world.
How does that affect you? It vastly expands the pool of people who you can consider for a given position, and we’re here to help you navigate a range of issues around hiring internationally, including visa issues.
If you are a recruiter and interested in working with ACCUR, click below for more details on how we work with partners.
One of the advantages of working with ACCUR Recruiting Services is the fact that we can give you a good view of how hiring in different locations will stack up for your company’s bottom line. A frequent question we are asked is about the difference between hiring in Miami and hiring in NYC. See below for a comparison.
Related article: Hiring in Miami Vs. NYC Metro: a Cost Comparison
What are your talent acquisition goals for 2020? Let us know in the comments.
Edouard Thoumyre is a seasoned executive recruiter with over 17 years of experience in executive search, as the Founder and Managing Partner of ACCUR Recruiting Services. Specializing in the Consumer and Luxury Goods industries, he has a proven track record of placing senior level and C-level executives in family, private equity-backed, and Fortune 500 companies in the beauty, wine & spirits, watch & jewelry, home goods, and tobacco industries, among others. Edouard Thoumyre holds a master’s degree in Entrepreneurship from HEC Paris (#1 European Business School, Financial Times rankings) and a master’s degree in industrial engineering from Centrale Lille (a top 10 French engineering school). ACCUR Recruiting Services has been recognized as a Forbes Top 100 executive search firm since 2018.
Edouard Thoumyre and his firm, ACCUR Recruiting Services, have been featured in numerous publications such as WWD, Business Insider, Newsweek, CPG Specialist, Yahoo Finance, Nasdaq.com, Marketplace by NPR, Business of Fashion…