We've all read the news. You may have even tried to recruit yourself and struggled to find quality candidates. Australia and New Zealand are facing the tightest candidate markets for decades. Quite simply, there are more jobs going around than their are candidates to fill them. It means recruitment is expensive and supply and demand, as well as inflation, is pushing salaries ever higher. It also means good employees will be approached. Headhunting is rife. Other companies want your staff - if they can't find staff by advertising they will approach your people directly or via a recruiter and will sometimes be successful at luring them away from you. And you won't be able to easily replace them. How will that affect your business?
But it's not just more money that will be offered to your employees. A good headhunter will take the time to understand what really motivates an individual and will put a holistic package together to attract them. Salary will be part of it, but it could also include a promotion, development opportunities, more authority, travel (or less travel) and many other factors.
So how do you counter this? You need to really understand what makes each of your people get up and come to work for you. If they are satisfied with what they are getting from you, it will be much more difficult to for others to lure them away. As a manager, how certain are you about each of your people's motivators?
Locum People can help. Ask us about our Retention Plus program. Our consultants will assess each of your team using our Prevue assessment system. We will then meet with your employees and review with them what they like, what they don't, how they like to be managed, what their goals are - short, medium and long-term. We can then give each employee a score that is an indication of willingness to leave. We will also make recommendations for each employee that you can use as a guide to putting in place changes to make it harder for others to recruit them. We have found employees are often far more open to an independent consultant than to their manager, so the program has real validity.
If you would like more information, please don't hesitate to contact us.