Southeast Michigan Contractors Issue 2 2024 7 SPECIALIZED RECRUITING 1. Reputation. We know from Forbes that up to 86% of the workforce researches a company prior to applying to that company’s job posting. [1] Therefore, we know that company reputation, integrity, transparency and success impact hiring. 2. Ease of Interviewing. Randstad shares that passive candidates aren’t as willing to engage in a lengthy interview process, to complete assessments and to wait around for a delayed hiring decision. [2] Harvard Business Review recommends clearly defining an “ideal candidate profile” and utilizing that profile to design your interview. HBR also discourages involving too many people in the interview process as this can cause delays and redundancies. [3] 3. Organized Onboarding. The first 90 days for a new hire are the most crucial as approximately 30% of new hires resign during this period! However, companies who offer organized and personalized onboarding tend to retain 58% of employees for at least three years and 77% of new employees met their first performance goal! [1] 4. Work Life Flexibility. A third (32%) of the workforce is only considering jobs that allow remote working. Over 70% are already working remotely or have a hybrid/ flexible working model. [1] 5. Career Development Path. Offering a clear path for career development along with regular one-on-one mentoring conversations on how to achieve goals is key to retaining employees, but only 44% of companies are offering this. [1] 6. Support. Without support from leadership and a clear path for their career, employees are three times more likely to consider leaving for a new job. [1] It is evident that among all the benefits companies offer new employees company reputation, organized interviewing and onboarding processes, flexible work options along with career development, and simply supporting them outweigh a hefty salary. Pursuing passive candidates and including these options in your hiring strategy will boost your hiring — attracting and retaining the best talent in the market. If your organization is struggling to hire and retain top talent — SRG would love the opportunity to connect, offer our insight and to support your organization. For more information — please contact: Adam Klug — Managing Director at [email protected] or (248) 513-8320. Sources: 1. Forbes 2. Randstad 3. Harvard Business Review The SE Michigan SRG team. Sean Fisher allumni and owner of Third Coast Electric meets potential employees at SEMCA’s career fest. The team at Specialized Recruiting at the SEMCA career fest.
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