Businesses want hardworking and motivated employees. Workers want jobs that fulfill them emotionally and financially. Seems simple, right?
If only it were that easy. The job market today is one of the most unstable seen in a generation, with employee turnover rates reaching staggering amounts and businesses going belly up on a near-daily basis. A brand that wants to prepare for potential fallout, however unlikely it may seem at a distance, needs to catch up to speed with what everyone is looking for. The fundamental goal of any business is to make money and do it well, but that isn’t easy when the hiring process doesn’t yield the desired results. A career placement agency can turn you in the right direction and make sure you’re able to hold up in this uncertain future.
What does a career placement agency do? Rather than just doing the work of staffing your office or firm, a career placement agency (or HR executive search firm) will give your business the tools it needs to make sure every hiring venture is a success. You’ve probably heard a lot of discussion about diversity, inclusion and innovation. What you likely don’t know is how to incorporate all of the above into your business model. With an HR executive on your side you’ll have an easier time keeping track of these shifting tides.
There are a few fundamental flaws in the hiring process that trip up both businesses and prospective workers. Too many applications screen for the wrong traits or don’t present the information necessary to give a full view of the job at hand, leading to many frustrated employees who quit before they can really begin. A survey provided by Robert Half interviewed over 1,400 executives to see the common threads linking failed hires and the results are…unsurprising. The most common was a poor skills matched, followed very close behind by unclear performance objectives.
These obsolete elements only stand to drag your business down and keep it from truly reaching the stars. A career placement agency can look at your marketing campaign, applications and interview process to suss out the issues and get you thinking in a more modern sense. A 2016 Gallup poll revealed Millennials as the ‘Job Hopping Generation’, with a stunning six out of 10 open to a new job at any given time. This is more so than any other generation that came before. Put your money where your mouth is and invest in change that will keep on growing with you, not against you.
Diversity is another element that can encourage a more positive outlook on your business…from both customers and employees. McKinsey’s research has been dedicated toward learning about all the ways diversity benefits people up and down the ladder, with some statistics proving very useful for companies looking to overhaul their business model. Gender-diverse companies are 15% more likely to outperform their more homogeneous peers. Ethnically-diverse companies? Up to 35% more likely. This only means good news for both sides of the fence.
A career placement agency can also give you great ideas for helping employees want to stick around. Nobody wants to work at a job that doesn’t recognize them for their hard work, so try to invest in some employee recognition programs to give your workers the appreciation they deserve. A Gallup poll saw just two out of 10 workers saying their manager did a sufficient job of encouraging them to do their best. HR consulting isn’t an easy process (not with people so diverse and unique!), but it’s a journey worth taking.
Instead of trying to find the elusive match made in heaven, work on your business’s weak points with a career placement agency and aim for something smarter, better and more inclusive. It’s a good way to make sure everyone will be happier.