Viewing Data as Your Friend
Data pertaining to the workforce teaches employers where their focus needs to be. It helps them keep up on what is and is not working throughout their company. By actively seeking the newest data, digesting it, then applying it, employers can keep their company relevant and attractive to jobseekers. You’ll quickly start viewing data less like a buzzkill and more like your wingman/woman!
What are some ways you can start off this new friendship with data?
Re-Onboarding
Consider reevaluating where your employees are at. A lot has changed since going through a global pandemic, and that means your employees and their needs have, too. The unemployment rate was already low before the shutdown, and it continues to stay that way. However, the difference is that now over 3 million people are retiring early from the workforce, less immigrants are coming in, less people are graduating, and far less people are returning to work who are dealing with the effects of long-term Covid. Combine all of those factors with Baby Boomers entering into their retirement era, and you’ve got a clear imbalance. Now is the time to tightly hang onto your top talent, and one way of doing that is monitoring their needs. Re-onboarding allows for companies to hit the reset button and get an updated idea of what their employees are lacking. Plus, it helps give insight into the areas a company is excelling in, so you can be sure you’re only grasping onto the aspects that are effectively working.
People-First Approach
Try implementing a people-first approach and restructuring your priorities. As important as money may be, at the end of the day, your bottom line is going to be severely impacted if you’re built of a team that’s not engaged. And since the latest data says only 15% of the workforce feels engaged, this is nothing to be taken lightly. One way to make employees feel seen and supported is by prioritizing their mental health and well-being. In fact, a whopping 61% of workers consider these to be some of the most important factors in a job. Another way is offering your employees more flexibility. Many workers are seeking more flexible and hybrid schedules since the pandemic. By embracing these shifting attitudes of work and focusing on getting your employees re-engaged, you can build a team that is 69% less likely to actively search elsewhere for new job opportunities and 5x more likely to advocate for your company. A win-win!
Ask For Help
If the vast amount of data is overwhelming to you and you’re not sure where to begin, recruitment services can definitely be an aide in keeping you up to date on the latest trends. You can also check out our YouTube channel for more Quick Tips! SRS Quick Tips – Viewing Data as Your Friend
Use your employees as mirrors to look at where your company was at the start of 2020, where it is now, and how they have been impacted. Then, carefully analyze what you need to do differently in the years ahead to remain both a profitable and people-first company.