How to Attract and Retain the Best Employees in the Market?
While it is a dream to work in one, the perfect company doesn’t exist. Top companies around the world still have employees complaining a thing or two, thus you can say that there really is no such thing as a perfect system. So what makes top rated companies on top of the competition? What is it that their executives are doing that, their employee retention is very high?
It is said that the elements of high employee retention has already been figured out, but there remains to be a number of factors that it is nearly impossible to say that everything is applicable to all companies. Business magazines and business-related blog sites continue to collect the most common of these factors.
Flexibility is one of these factors. Potential employees will always look for flexibility in their working hours when they seek for employment nowadays. It is always an advantage if you work in a business that has flexible working hours. In this age, not everyone is interested to work in a job that strictly follows an eight to four schedule. Company executives should find the time to assess the working hours of their employees and if possible, give some flexibility to their schedules.
A company that values the health of their employees is always a good company. Access to health care is one of the things that every worker would look for. Businesses that provide excellent health insurance coverage are always preferred by every worker and they tend to stay longer with the company because of this benefit. Top employers offer the same set of benefits to all their employees, even to those part-time workers in the company.
When retirement age comes, nobody wants to keep on working because they don’t have the resources to support their lifestyle. It would be a relief to know that when this time comes, an employee has the right type of pension that can support the lifestyle they will choose. Of all the pension plans available, the Safe Harbor 401 K is deemed as one of the most popular to date. Most small companies choose this pension plan for their employees to help them earn better retirement days. Help employees prepare for their future and allow their money to work for them by getting them the right pension plan that gives better return on investments.
It would be very costly to hire new employees compared to working on making them stay to work for the business. Statistically speaking, it would be seven times more expensive to hire new workers than to retain the good ones. That being said, company executives always make it a point to keep their employees happy and satisfied. The three factors above are considered as the most common factors that most employees would look for in a company.