Why Retention is Essential to Your 2017 Recruiting HR Strategy #hrtrends - Workology

Why Retention is Essential to Your 2017 Recruiting HR Strategy #hrtrends - Workology Putting Recruiting and Hiring Theory to Practice This blog is part of our 2017 HR Trends and predictions series. Click here to read the blog series.   The basics of supply and demand were drilled into most of our brains back in our Econ 101 days. I distinctly remember discussing the topic and thinking that it was interesting but not necessarily something I’d need to know in my future career. Well as I’ve seen over the years, I was wrong on that one because supply and demand actually plays a big role in how recruiters do their jobs and job seekers find new positions. Of course, when there is increased demand, supply often diminishes. And during times when there is an increased supply, demand often decreases. This is why retention is key to essential in HR as well as recruiting. The economy will bring high and low tides of open positions and job seekers, but a company that can retain its employees will not feel the affects of those tides nearly as much. Its November which means you are hopefully knee deep or wrapping up your 2017 recruiting and HR planning. Yes, I cant believe its November either, but it is which is why Im taking a moment to remind you that retention is critical your recruiting and employee retention efforts in the next 12 to 24 months. Putting Recruiting and Hiring Theory to Practice We saw this theory clearly put into practice during the 2007 recession. Companies were feeling the pain of a weak economy and were making cuts to meet their own needs, which ironically, were affected by other aspects of the rules of supply and demand. Americans were clutching their wallets a little tighter, and companies had to adjust to stay financially stable during the downturn. It was a tough time for nearly everyone. One of the most common ways companies adjusted was by discontinuing some of the perks they offered employees, including significant things like generous paid vacation, 401(k) matching and tuition reimbursement, and even less valuable perks like free soda at work, holiday parties and gym memberships. Companies were cutting corners, and they saw this as a way to do so. Even more importantly, many companies had to cut back on their workforce when cutting down on perks just wasn’t enough. This put job seekers in a tough position and furthered our economic situation as there were thousands upon thousands of unemployed people and just as many companies with no open positions. We had an increased supply of candidates with the demand for them diminishing. Not as many jobs were being created or filled, making the demand much lower. It was a recruiter’s market, but not in a way that any of us wanted. What this recession caused was a situation where employers were offering less and expecting more. In the job market, the demand for open positions was high and the supply was low. Companies were not only taking away perks to make ends meet but quite honestly, they didn’t need to offer a lot of perks to attract candidates. This impacted salaries, benefits, workload and so much more. Fast Forward to the Job and Economic Market 2016 The recession of 2007 may not be that far behind us, but you wouldn’t know that by looking at the job market today. Companies have quickly increased their workforces, brought back perks like unlimited vacation, excellent training and some benefits that were unheard of even before the recession hit. The Presidential election weighs heavily on the entire globe as we wait. The signs the economy might be slowing and is waiting for either Trump or Clinton to be our next president is a major reason the Federal Reserve is expected to hold off in November in raising interest rates due to our strong but uncertain economy.   It’s also affected the supply and demand of positions and job seekers. In fact, it’s flipped it on its head. Job seekers now have their pick of jobs, and recruiters are working harder than ever to fill those positions. This flip also demonstrated why retention is so important in recruiting. As I mentioned above, companies that are able to retain employees will be impacted less by the high and low tides, and the way our job market is looking now is a perfect example of this. Companies who aren’t able to retain employees are in the constant race to recruit, but those that have retention on their side are able to focus on fewer open positions at any given time since they the best people work right under their roof. When the nation recovered form the recession, companies suddenly had a need for larger workforces to help them meet the demands of customers who were beginning to be freer with their money. In order to build up their workforce, companies had to bring back the perks they had cut, and then some, to attract candidates. There is an increased demand for talent and companies are revisiting not just revisiting the topic of perks, benefits and compensation programs. They’re also shifting their focus to be around retention in general. This is because we’re now in a job seeker’s market, and the competition to attract the best candidates is a great reminder of why retention truly is the future of recruitment. Supply and Demand vs. the Repeat Customer When we talk about supply and demand in the job market, there’s a sense that either recruiters or job seekers are on top. The problem with this for recruiters is that while we may be on top at moments, we have no control over when or how that happens. Companies that aren’t able to retain employees will be carried by the high and low tides of the job market and economy. On the other hand, companies that are able to retain will be affected less in those shaky moments, and will be ahead of the curve when the job seekers are in control. In a way, it’s like having a repeat customer that continues to buy the essentials from you despite the fact that they may have to cut back in other areas in bad times or may be tempted by a hotter, newer product in good times. As a recruiter, retention is powerful. Now that the economy has turned, companies are focused on hiring for the long term rather than just doing what’s best in that moment. Filling that leaky bucket that is your workforce is not just expensive in terms of recruiting costs but also productivity costs. It also impacts a company’s ability to grow and take advantage of this growing and thriving economy. That’s why retention in these four areas is key: #1 Retention of candidates You may be thinking that retention only applies to employees, but a recruiter’s biggest asset is their talent pipeline. Retention starts from the moment a candidate visits the career page, talks with a recruiter or begins considering working for the organization. Maintaining that pipeline is just as important as maintaining your workforce since turnover will happen, no matter how well you retain employees. # 2 Employee Retention This is probably where your mind first went when we were discussing retention, and there’s good reason for it. Your employees are the lifeblood of the company and an experienced, tenured workforce is one of the most valuable things a company could possibly have. #3 Keeping High-Potential Leaders During times of high demand for workers, companies will likely be actively recruiting your high potential leaders, but they’ll also be sought after during tough economic times as well. As I said above, turnover is inevitable in every organization and when the job market isn’t looking great for candidates, recruiters can cherry pick who they want. Don’t leave your company vulnerable to having your high-potential leaders pulled away in either situation. #4 Retaining Linchpin Employees It’s a widely accepted fact that companies that aren’t able to retain their key leaders suffer from all the stress surrounding the situation. Productivity, strategic vision and morale are all affected, so retaining these linchpin employees is essential for a healthy organization. Retention. Retention. Retention. I cant talk about this topic enough and as an HR and talent acquisition leader either can you. Its critical to business and organizational success in 2016, 2017, 2018 and beyond. We have to keep our best talent, train them, develop them and most importantly learn from them before your employees takes that knowledge to your competition and helps them establish a competitive advantage over you. This blog is part of our 2017 HR Trends and predictions series. Click here to read the blog series.

5 Secrets To Climbing The Career Ladder - Work It Daily

5 Secrets To Climbing The Career Ladder - Work It Daily Do you believe it's time you pushed forward in your vocation? A large number of us land a vocation and are very thankful to be utilized, however consistently harbor a fantasy that some time or another we will climb inside the association. RELATED: Need vocation guidance? Watch these instructional exercises! However, openings normally simply don't drop out of the sky, and getting the correct arrangement of the sun, moon, and the stars requires some hustle on your conclusion to cause everything to occur. On the whole, consider things from the manager's perspective. On the off chance that you were in the top dog's seat, what might you search for in your workers while deciding if to advance them? There are continually going to be those precarious political circumstances where managers advance their top choice pets and obviously, the gooey individuals who downpour down commendation and maxims to their bosses trying to score favor (nauseating, right?). Attempting to advance yourself beyond in both of these circumstances is very intense thinking about the amount you may need to bargain your standards to curry favor with the chief. Here are five hints for ascending the profession stepping stool: 1. Become more acquainted with Your Boss We book business with who we know and like… something very similar goes for promoting yourself. Make yourself affable, and invest energy making your manager's activity simpler. Proactively keep them consistently refreshed as opposed to holding up until they demand a status report from you. Set up normal gatherings to keep them up-to-speed with circumstances or liabilities that you see. By going about as somebody on their side, you can pick up their regard and keep up your trustworthiness as opposed to adulating them with void clichés. 2. Keep A Running File Of Your Accomplishments At that point convey them. We as a whole know when we are working superbly at the workplace, yet other than leaving us with that warm fluffy inclination inside, these don't benefit you in any way in the workplace except if you share them. You don't need to be a boaster. It could be as straightforward as sending a praise you got from a customer to your manager with a short note: Figured you may get a kick out of the chance to see this… was an extreme customer to win, yet happy we prevailed upon them since it was worth $____ in business to the organization! The supervisor abruptly has outer input about the extraordinary activity you are doing and furthermore quantifiable evaluation of your outcomes. That, in many managers' psyches, implies that you completely rock. 3. On the off chance that The Opportunity Arises, Propose A Job Being within, now and then you can detect a staffing need before your chief (who is worried about greater picture issues) can. Now and again the open door is a consequence of being understaffed or basically in light of the fact that the prevalent can't see the basic need directly before them. Being proactive and planning your proposition to be an issue arrangement fix is an incredible method to climb. Make certain to do your due perseverance so you can introduce the thought as a benefit community and not as a cost (which is promptly where the administrator will go). The more point by point you can be and have evaluated results, the more responsive they will be. This could even be your chance to structure your fantasy work! 4. Venture Up. Furthermore, Up. What's more, Up. No, this isn't a StairMaster… Fact of life: the hard workers are the ones who climb. Recollect the idiom, The prompt riser gets the worm? It despite everything remains constant. Be right on time to work, trustworthy, and complete undertakings on schedule or early while not settling on quality. However, past that, you have to consistently be the person who lifts their hand to take on an extraordinary undertaking or intense errand when you can handle it skillfully. You'll gain regard with your companions and the individuals that tally.. the manager who is likely searching for that determined worker to be the one to take a program or undertaking to the following level. 5. Be Generous We as a whole loathe the individuals who assume acknowledgment for others' work. Furthermore, we likewise abhor the individuals who promptly resort to blame dispensing and fault moving when things turn sour. Being liberal can really make you stand apart as a good example. Nothing shoots you down in the work environment quicker than dumping on others. Rather, share credit where it is expected, and be responsible for your disappointments when they occur. Keep up your trustworthiness consistently â€" this implies being cleaned expertly (both by they way you look and act), and consistently by making the best choice. Trustworthiness consistently is a working environment esteem that any business would esteem… on the off chance that you are consistent with yourself and consistent with them, and remember these five hints, you will develop on top as the most probable up-and-comer tapped to step into a higher inner job. This post was initially distributed on a prior date. Related Posts 7 Reasons Why You Lost That Promotion 6 Ways To Position Yourself For A Promotion Step by step instructions to Show You Deserve A Promotion Photograph Credit: Shutterstock Have you joined our vocation development club?Join Us Today!

How to Manage Work When You Have a Chronic Illness

Step by step instructions to Manage Work When You Have a Chronic Illness Step by step instructions to Manage Work When You Have a Chronic Illness Interminable disease can shake your reality. One second you're fit as a fiddle, getting a charge out of life. At that point, the following second, you're genuinely sick and attempting to do the least complex assignments. Exercises that used to come effectively presently require cautious idea and arranging. Life exercises you once underestimated, for example, breathing, eating, or strolling, are presently troublesome. You once stressed over work-life balance , yet now your essential concern is making it starting with one day then onto the next without encountering a genuine wellbeing emergency. Laws like the ADA and FMLA are intended to shield representatives from being terminated because of inability or clinical reasons , however actually it can in any case be a test to keep up business and still take great consideration of yourself. However numerous constantly sick laborers who are confronting genuine medical problems need to continue working because of the money related weight that joins their enormous hospital expenses and the requirement for health care coverage. In case you're confronting this quandary, we're here to help. Here's the manner by which not to get terminated when you have an interminable sickness. You don't need to educate your director regarding your sickness on the off chance that you would prefer not to. In any case, if your sickness is starting to influence your work, you'll have to shout out sooner or later. On the off chance that your work quality or creation level begins to slide, the exact opposite thing you need is for your supervisor to believe you're being lethargic or you couldn't care less about your work. For this situation, it's a smart thought to meet with your chief and let the person in question realize you have a ceaseless disease. It's up to you how much detail you give. In spite of the fact that your manager may react with concern and compassion, you ought to likewise sit down to talk with your HR agent. It's critical to ensure another person in power knows about your disease - along these lines, you'll have a simpler time safeguarding yourself if a misconception emerges, and your activity is out of nowhere on the line . Is your work routine wearing you out? In the event that the manner in which you're working right presently is by all accounts contrarily affecting your wellbeing, it's an ideal opportunity to roll out an improvement. Inquire as to whether the individual in question could make changes that would help keep you solid and complete your work. Maybe you could demand to telecommute a couple of days seven days. On the off chance that medical checkups have gotten hard to plan in light of exacting available time, ask whether you could change your work routine, so you can get every one of your arrangements in. Albeit numerous businesses would give a valiant effort to suit an incessantly sick representative, you could run into obstruction. A few managers won't be anxious to help you, particularly in the event that you don't look noticeably sick. On the off chance that you've been denied a convenience that is important to carry out your responsibility, talk with your HR administrator. Enlighten that person regarding your circumstance and why you need the settlement. A few ailments are considered disabilities, so it may be your lawful option to get the change. In case you're uncertain, talk with a business legal counselor. Pretty much every office has in any event one domineering jerk . At the point when you have a constant sickness and get lodging, you could turn into an objective. Some associates may get desirous and feel like you're unreasonably accepting unique treatment. In the event that they don't know about your wellbeing status, their desire and disdain could put you in danger of tormenting. This kind of circumstance can happen when a constantly sick specialist doesn't look noticeably sick or impaired. Accepting an altered work game plan for an undetectable handicap or disease, for example, asthma, could cause others in the work environment to get angry or believe you're misrepresenting your ailment. Thus, others may whine about you to your chief and single out you for minor work issues. Be careful for this conduct, and record everything that goes on. You won't perform at your best level on the off chance that you don't take great consideration of yourself. Eat a decent eating routine, get enough rest , and follow your physician's instructions. Additionally monitor how you're feeling from everyday, and make a point to stay in touch with your wellbeing group. Try not to overlook any annoying side effects for completing a work task. When you begin to feel wiped out, address the issue, and get the treatment you need. Deferring care could cause inconveniences at work. Holding on to see a specialist could mean more outings of work and a more extended recuperation time. Try not to expect all is well on the grounds that your manager has hushed up. The person could be holding back to talk until survey time. Rather than pausing, your most solid option is to have an ordinary registration meeting to ensure you're despite everything performing great. Ask your manager whether your work is good and whether there is anything you have to do to improve. Thusly, you won't run into shocks that could have been stayed away from had you checked in before. Realize you are something other than your disease. Work and individual life can be hard when the individuals distinguish you so intimately with your ailment. Nonetheless, it's essential to recall you are independent from the infection you're doing combating. Dealing with an interminable ailment can negatively affect your feeling of self-esteem , so it's essential to remind yourself you have esteem. Furthermore, it's critical to give a valiant effort to keep up your confidence, so you don't impede your professional success because of an absence of certainty . Fight the temptation to contract into the shadows and fall underneath the radar. Your money related future could rely upon it. Individuals with low confidence regularly attempt to stay under the radar screen since they would prefer not to be seen, yet particularly in this economy, that is an inappropriate activity, Lois P. Frankel, creator and originator of Corporate Coaching International, told Forbes. Overseeing - or all the more precisely, doing combating - an interminable ailment is genuinely and intellectually burdening. It will be significant that you have somebody to converse with normally. An emotional well-being proficient can assist you with working through the entirety of the good and bad times that join adjusting disorder and a requesting outstanding burden . Likewise, keep dear loved ones on the up and up. You'll require as much help as possible get. Having a believed help circle will decrease the odds of you having an emergency at work when circumstances become difficult. It's OK to be tragic or furious about what is befalling you, however managing those feelings in solid ways is vital. There are devices accessible to assist you with flourishing in your work and individual life while dealing with a constant disease. You can in any case have a fruitful vocation despite the fact that you aren't as solid as you used to be. Here are a few assets that can help you with your excursion. This article was initially distributed on The Cheat Sheet .

Requirements for Resumes From Currently Pursuing Degree on Resume

Requirements for Resumes From Currently Pursuing Degree on ResumeIn my job, we sometimes need to obtain resumes from individuals who are currently pursuing degrees on resume. This is because of the many differences in approach between a current college student and someone who have not been there before and may have less relevant experience.It may seem as if an example is needed, but sometimes it's not necessary. If we can help get a handle on what will be required, it will lead to a faster and more efficient process for everyone involved.During the course of an interview, it is likely that we will ask applicants a number of questions about their career choice. Because some people have already had some professional work experience, we may ask them to provide examples of this prior experience. Most of us are just trying to get to know our employees and current students should be no different. For instance, do they have previous employment as a food service manager or at a casino?The st andard process for obtaining resumes from currently pursuing degree on resume is to obtain the resume only and then request a sample of that specific degree. The resume must include all of the information about the person's educational background and any degrees they have obtained, including bachelors or masters degrees. It is usually assumed that these degrees were completed previously.During the course of the process, we will review specific qualifications and see what level of education they have achieved. If the individual has completed some post-secondary studies, we may request additional examples of their education.If there is no previous academic information, the resume must contain contact information that is current. This means that it must include any employers who are still in business, their current telephone numbers, and their e-mail addresses. If the contact information is no longer active, the person should provide a current physical address.We will then review the c urrent resume and will make sure that it contains the right type of information. It must contain basic information about the person's education and work experience. It should also list their career goals and the names of all previous employers.Once we have reviewed the education and work history, we will make sure that the details match up and that they are accurate. The selection criteria for the job we are offering, along with the educational requirements, will then be made.