|
|
What Should Companies Do to Attract and Retain the Best People? (Report Date: January 2003, Full Report: 18 pages) Summary This report focuses on the key steps that companies need to take to attract and retain talented employees. It provides recommendations on how to conduct effective recruitment and retention strategies. These recommendations include: building the company’s image and reputation in the market, providing training, development and educational opportunities, offering competitive pay packages, exercising effective management, offering flexible work arrangements, providing unconventional perks, and more. In the present economy, the growing demand for new and diverse skill sets, coupled with the existence of a younger and more ambitious workforce, means that talented employees are more valued and sought after today than ever before and that they are no longer viewed as a replaceable commodity. However, many companies are facing problems in recruiting skilled employees and are having trouble keeping the ones they already have, despite the recent economic downturn. Organisations therefore need to put recruitment and retention at the forefront of their business priorities. Companies that fail to address this matter will lose their competitive advantage in the market. The recommendations in this report can help companies develop effective recruitment and retention approaches.
|
