The Workforce Has Changed: 5 Steps to Adjust to the New Workforce

Bryan Gillum • August 12, 2021

WHAT FACTORS ARE CAUSING THE CHANGE IN THE WORKFORCE?

In 2008, experts warned of a significant change in the workforce in the next ten years due to the retiring Baby Boomers. Many Baby Boomers continued working past their normal retirement ages due to financial security from the stock market. The return of all time high stock prices have led many Baby Boomers to finally retire.

In addition to a loss in Baby Boomer workers, companies are experiencing other significant changes in their workforce including: an expectation to offer work from home arrangements, Millennials who are showing less loyalty than prior generations and overworked mid-level managers who lack the time and ability to hold workers accountable.

Companies that take action now will put themselves in a better position to compete for hard to find talent in a tight labor market.

HOW YOU CAN ADAPT:

1) Make Tough Choices: Companies need to offer programs to entice workers –will you offer work from home or sign-on bonuses? Will you offer innovative benefit programs?

2) Create A Story: Employees and new recruits can detect when actions don’t match promises. A well-crafted story can describe the benefits of working for your company.

3) Invest in Recruiting: Its difficult to stand out when so many companies are hiring. Use different approaches like texting campaigns and videos to increase attention.

4) Invest In Development: Younger workers are eager to work for a company where they can grow. Understand their interests and make investments in their growth.

5) Proactively Shape Culture: Many leaders can’t describe what culture is and they rarely take time defining and shaping the culture. Understand it. Shape it. Build it.

NEED HELP?

We help companies in Central Ohio build strong teams.

Contact us for help:

Identifying and evaluating programs to attract candidates and increase retention
Evaluating the best return on investments to recruiting and development
Defining your culture and developing approaches to enhance your culture.

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5 Signs You May Need a Recruitment Partner

By Grant Covault • March 7, 2023

In today's highly competitive job market, finding and retaining the right talent for your business is more critical than ever. In fact, according to a recent release from Monster.com, 96% of workers will be seeking some type of new position in 2023 . However, the hiring process can be challenging, and many businesses struggle to find the right candidate for the job. That's where recruitment partners come in. A recruitment partner can help you find the right talent and streamline the hiring process. In this blog, we'll discuss 5 signs that indicate you may need a third-party to help you with your hiring needs. 1. Inability to Attract Qualified Candidates If you're struggling to attract qualified candidates for your job openings, it may be time to consider partnering with a recruitment firm. A good firm can assist you in identifying the root cause of the issues and collaborate with you to create an effective hiring strategy. With their extensive network of both active and passive job seekers, they can help you find the ideal candidate for your organization. 2. Time Constraints and Limited Resources Another sign that you may need to seek out help is when you feel pressed for bandwidth, and you are unable to dedicate the necessary time to the hiring process. A recruitment partner can handle the hiring process for you, from posting job openings to screening candidates and conducting interviews. This frees up your time to focus on other aspects of your business. 3. High Turnover Rates Nothing is more frustrating than making a hire only to lose that persona a short time later. Additionally, high employee turnover can be costly and affect productivity and morale. By bringing on a consultant, they can help you objectively identify why employees are leaving and find ways to improve retention. They can also help you create job descriptions that accurately reflect the role and company culture, ensuring that you attract candidates who are a good fit for your organization. 4. Lack of Industry Knowledge If you're not familiar with the job market in your industry, it can be challenging to find the right candidates for your organization. A recruitment partner has industry knowledge and can provide insights into the job market and salary trends. They can help you create competitive offers that attract top talent and ensure that you find the right candidate for the job. 5. Employer Brand Reputation Your employer brand reputation is essential to attracting top talent. If your business has a poor reputation, it can be challenging to attract the right candidates. Having the right consultant can help you improve your employer brand by providing insights into what candidates are looking for in a job and what makes a company attractive to potential employees. They can also help you create a positive candidate experience, ensuring that even candidates who don't get the job leave with a positive impression of your organization. In conclusion, hiring the right talent for your business can be challenging to do by yourself. However, with the help of the right recruitment partner, you can streamline the hiring process and find the best candidate for the job. If you're experiencing any of the signs outlined in this blog, reach out to us today for a free consultation to see if we are the right fit to help your team.