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Becoming an Employer of Choice

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Becoming an Employer of Choice

  1. 1. Becoming an Employer of Choice What doesit mean to be an Employer ofChoice? It meansthat people will choose toworkforyou.It meansthatpeople will choose toreally dedicate themselvestoyourorganisation’s success.Itmeansthatpeople will choose tostaywith youthroughouttheircareers,evenwhentheyare being courtedbyrecruitersfromother employers—recruiterswithexceptionallyattractive inducements.It'sessentially the HolyGrail for employers. What’smost importanttorememberisthat beingone employee’s employerof choice maynotbe the same as anotheremployee'semployerof choice.But,for themto be happy andmost fulfilled at work, their employermustbe theiremployerof choice. Thismeansthat as an employeryou needtodetermine whothe people are thatyouwant torun your business. It islot more than compensation,benefitsandperks.Itisan employerwhooffersaworkculture and workenvironmentthatattracts andretainsemployees,ultimately favouringthe well-beingof employees. Whybecome an Employerof Choice?  Marketingand Recruitment As yourcompanybecomesmore widelyrecognisedasagreat place to work,recruiting becomesconsiderablyeasier. Peopleapproachthe companythemselves,inquiringabout employmentopportunities. Asmore people begintoapproachyourcompany,youare able to evaluate andchoose whoevermeetsyourstandards. Thisattractivenesssaves your company considerable expenseinmarketingandrecruitingtoattract the people that you wantand need.  OptimisingPerformance A companythat isan employerof choice will be more attractive toahighercalibre of worker.Notonlywill youhave more applicantstochoose from, butthe overall quality of applicantswill be significantlybetterthan companieswhichare notrecognisedasemployers of choice. Withhigherqualitypeopleonboard,productivitywill become significantlyhigher. As the companyisable to hire the kindsof people theyreallywant,itwill be able tohelp workersachieve ahigherlevelof performance more quicklyandwithagreaterlevel of consistency. Staremployeeschoose starcorporationsbecause that’swhere theyfeellike theybelong.  ChoosingtoStay People willnotonlychoose toworkforyour company,butmay alsomake the conscious decisiontostay knowingit’sagreat place to work.The happierthe employeesare,the less turnoverthere will be.Higherlevelsof loyalty resultsingreaterdedicationtothe qualityof performance.
  2. 2.  LessStress,More Enjoyment Employersof choice have lessstressandmore fun.It’sthat simple.There is lessdisruptionin attendance andlessdisruptioninthe workflow whenpeople choose tostay atthe company and choose tomake the bestof theirrelationshipwiththe companyandtheirco-workers. Managers andsupervisorshave amuch easiertime indoingtheirjobsbecause they aren’t workingagainstresistance fromemployeeswhowouldrathernotbe there.Workingwith employeeswhoare there by choiceis a much more enjoyableexperienceforall.The focusof these managersandsupervisorscanthen focusmore oncoaching,teaching,andsupporting than onmanaging,controlling,anddisciplining.  IncreasedAttractiveness toClients Employersof choice enjoyareputationforreliabilitybecausethey’re often able torespond more legitimatelyandconsistentlytothe inquiriesandexpectationsof their clients.Because more experiencedemployeesunderstandtheirclient’sneeds,they’re able totake better care of them. Employersof choice are,therefore, muchmore attractive toclientsina relationship-basedenvironment.Clientsenjoyinteractingwiththe same people onalong- termbasis because this continuityof relationshipbuildsstrongerbonds andgivesthe client a greatersense of comfort,confidence,andsecurity. What Makesan Employeran Employerof Choice? Although numerousfactorscontributetoitsoverall success,there are three overarching aspects that helpmake anemployeranemployerof choice: 1. Define andPromote your Specific‘Employerof Choice’Brand Jobseekers typicallywanttofindan organisationthatoffersaunique culture,professional and personal developmentopportunitiesandthe chance to make a difference. Knowingwhatunique attributesmakesyourorganisationagreatplace to workis the firststepincreatingan appealing message tobothcurrent and future employees.  Create the Culture youwant– By developingaconsistentemployerbranding strategy that isfocusedondistributingconsistentmessagingaboutthe companyculture and missiontoclients,investors,employeesand candidates,there willbe no confusionas to the type of employees the companyhopestoattract.Top tiercandidatesresearchthe internetthroughvarioussearchenginesbefore applyingto acompany.It isimportant that paintyourcompany ina consistentlightwiththe culture youwant.  Encourage Personal andProfessional GrowthOpportunities –Professional development and trainingare keyareasdemandedbytoptalent.The mostvibrantand ambitious workerswill notsettle forremainingstagnantinacurrent position. Employeesneedto feel asif they are encouragedtocontinue todeveloptheirskillsandcareers. Employers of choice typically offerperformance developmentplanning,careerpaths,andinternal and external trainingopportunities. Forinstance, Fortune’stop100 bestemployers typicallyoffermore traininganddevelopmentthancompaniesthatdon’tmake the list. The top 10 companiesprovide 32to 135 hoursof trainingeachyearper employee.
  3. 3.  Value anEmployee’sQualityof Life –Most employees now wantareasonable work/life balance sothat theyare able to minimisestress.Anemployerwhooffersaflexible schedule cangaina competitive edgeoversimplymore salary.Allowingemployeesto workadjustable hoursandto workfromhome a few daysa weekcouldcreate extremely loyal employeesbecause theyknow theycanjuggle familydemandsandworkdemands withlessstress.  Compensate Competitively –Compensationisabasicfoundationthat a company needs to getright so itdoesn’tbecome anissue.Today’sworkersare concernedabout competitivepay,butthey’re alsolookingforprofitsharing,stockoptions,domestic partnerbenefits,directdeposit,diverse insurance coverages,wellnessprograms,family- friendlypoliciesandtime off.  Emphasise PerformanceCulture andRecognition –Employersof choice regularly provide feedbacktoemployeesabouttheirperformance,growthprospects,accomplishments, and areasneedingimprovement. Anemployerof choice also findswaystotie the performance andthe interestsof employeeswiththoseof the employer.Twoof the waysthat employers canaccomplishthisare througha variable compensation systemthattiesrewardsto performance anda jobplanprocess that providesregular guidance andfeedback.For anemployerof choice,recognitionisregular,targetedtoreal successes,andusedtoreinforce positive,desired contributions.  OfferMeaningful Work–People wanttodo somethingmeaningful withtheirwork, takingcomfortknowingthatit isn’t‘justajob’. Prospective employeeswanttoknow whatis importanttothe companyand whetherthose principlesalignwiththeirpersonal values. Theyalsowantto know where theyfitintothe company’sbigpicture or vision. Employeesthatare involvedwiththeirjobare proudof what theydoand feel responsible fortheirqualityof work. 2. Hire Smart You needpeople whonotonlyhave greatskills,butwhowill be agreatfitfor your corporate culture – hire the right people the first time,everytime.If youhire smart, youwill fill your organisationwithcompatible,dedicatedemployees.Combinedwithaclearcultural marketing message andemploymentbrand,yourcompanywill starttoreapthe benefitsof agood reputation.Thiswill helpbuildyourcompany’spositivereputationinthe jobmarketand encourage the bestpotential candidatestoapplyfor positions inyourcompany.  Clarityof Position–While it’simportanttohave descriptionsorspecificationsthat communicate the position’srole andresponsibilities,itshouldalsocommunicatethe skills,knowledge,education,experience,personalityandculture fitof the desired candidate.Thiswill helpincrease the qualityof new hiresandthe speedinfindingthem. Whena positionhasn’tbeenproperlyoutlinedanddiscussed,the besttalentwilloften not respondtothe posting.
  4. 4.  Commitment–Commitmentisatwo-waystreet.Employersneedtodemonstrate a commitmenttoemployees,reflectedineverythingfrompoliciestobusinessstrategies. Similarly,employeesneedtobe committedtothe companyand are most likelytodoso whentheyagree withthe company’sgoals,values,andethics. 3. Retention There are twomainreasonspeople leavetheircompanies.The firstisthe perceivedfinancial healthandsafetyof the company.In otherwords,theyfearthat the companyisheadedina direction thatmayultimatelyleadtothemlosingtheirjob,sotheyleave tofindacompanyin bettershape.The secondisbecause of the company’sculture – because itwasn’tstrongenough or positive enoughtooutweighother determiningfactors,suchas a lowersalaryandbenefits package.  InspiringEmployeeswithGreatManagersand Leaders – Most employeesdonotleave a company;theyquittheirmanager. By takingthe time toinvestinhiringandtraininggreat managers,they,inturn,will developgreatemployees. Ensure seniormanagement includespeople whocommunicate well andare representativeof yourworkforce. Rememberthatwhenconsidering employeeretention,employeesleave bossesmore than theyleave anythingelse presentintheirworkplace.  Positive Relationships withCo-workers–Successful companies motivatepeople toaccept each otherandto work as a teamto achieve commongoals.Organisationsencourage buildingpersonal relationships,while Gallupresearchfindsthat the mostengaged employeesare likelytohave abestfriendatwork. Employees whohave co-workersthey respectare also lesslikelytoquitdue to a single negative event.  Fairness – Perceptionsof unfairtreatmentora workplace thatfavourscertainindividuals overothersfor unknown,undefinedreasons,isananathematoan employerof choice. Employersneedtofairlydevelopandapplypolicies,treatemployeeswiththe same regardand consideration,andmake the workplace guidelinesclearandenforceable across the board.  Employee Communication –Whenemployersshare informationwithemployees,they feel asif theyare membersof the in-crowdbecause theyknow whatishappening. Employeesneedtoknowwhat’sreallygoingon sothat theydon’tbegintofeel alienated, leadingtoa disinterestwiththeirjob  Empowerment,FreedomandRespect–Atan employerof choice,employeesfeel asif theyhave the opportunity tomake meaningfulsuggestions,thinkupnew productsor service innovations,serve onemployeecommitteestoplaneventsandworkprocesses, and attendappropriate meetingsandhave inputonworkprocessesthataffecttheirjobs. Althoughemployeesmaynotalwaysbe rightandtheirideasmaynot setcompany directionand choices,atan employerof choice employeesfeel thattheyare fundamentally respected bytheirmanagersandco-workers.
  5. 5.  Employee Surveys –Assessingemployee satisfactionwiththe company provides employeeswith anopportunitytoexpresstheirfeelingsoneverythingfrombenefitsand careeropportunitiestoavarietyof company-widepractices,whileidentifyingareasthat can be improved. Employersof choice conductthese periodicallyandreviewthe feedback inorder to developstrategies toimprove areasof concern.

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