Today’s workplace looks very different from the workplace of yesteryear.
It’s far more diverse, for one. It’s more difficult to stitch together thanks to the double-edged word that is the Internet. It’s even more unstable, with employee turnover higher than it’s ever been. If this has become a little too much for you to manage as of late, there’s a light at the end of the tunnel. HR executive search can sit down with you and your management team to figure out the gaps in your hiring process.
Together you can grab hold of the greatness that always seems to be just at the tip of your fingers.
Hiring today is a virtual nightmare. It’s been discovered that 20% of all employees hired will leave their jobs within 45 days…and that’s if they don’t leave sooner because of a poor skills match! Your job when it comes to putting a team together isn’t just to find a qualified person, but help them stick around for the long haul. Employee turnover remains one of the biggest threats to businesses irregardless of industry or size. It could very well finish yours off within the next few years if you don’t catch up.
Rather than be scared off, take this as a prime opportunity to buckle down and be honest about what your brand is doing. Are you taking care to cultivate diverse hires? How is your online application process looking? Back in June of 2015 nearly three million workers voluntarily left their jobs, a 25% increase compared to just two years ago. Employee turnover, overall, costs the American economy over $3 billion. It’s up to you to do the math and come to a conclusion that finally delivers results.
Diverse hires aren’t a trend, but the new norm. The workplace today has to properly reflect your consumer base if it wants to see tomorrow. McKinsey’s research has compiled several lengthy studies on the benefits of hiring across diverse demographics — they found gender-diverse companies are 15% more likely to outperform their peers. This means more money, less time wasted, and generally higher performance reviews. Ethnically-diverse companies fare even better, with an average of 35% higher performance.
Polls, studies, and surveys are dropping left and right to better understand the phenomenon you’re up against. According to a Gallup poll conducted in 2016 Millennials are now considered the ‘Job Hopping Generation’, with six out of 10 open to a new position at any given point in time. Another survey went and interviewed 1,400 executives on their thoughts concerning today’s job hunting woes. One-third said a poor skills match was the biggest reason leading to a failed hire, with the second unclear performance objectives. How can HR executive search help these seemingly impossible obstacles?
It’s important to know that HR executive recruitment isn’t designed to just land perfect applications in your lap. Think of them more as a mentor to help you know which ways the winds are blowing so you can prepare for what’s to come. They’ll walk you through today’s most successful application process, figure out the holes in your business, and help you create long-term plans that deliver. Over 85% of companies with employee recognition programs today have cited a notable increase in worker happiness. HR executive search isn’t a cure-all, but it’s a great resource you can count on.
Hire diverse. Hire smart. Let an HR executive search firm help you out of these murky waters.