Great former employees are often
BAD BOSSES or unsupportive cultures can CREATE UNNECESSARY TURNOVER
As unemployment is hitting record lows, organizations are struggling to attract, recruit and retain right-fit talent. Beyond offering enticing salaries, perks, and opportunities to those who will require a great deal of time for organizational acclimation, smart employers have decided a shorter path to talent onboarding and optimization is to engage, cultivate and woo back those who were once stellar employees. A surprising number of past superstars could boomerang back to you, if your culture and workforce management style has improved. It just makes good business sense.
Bad bosses and unsupportive cultures are all too often ignored
..and rarely addressed, until they've wreaked unnecessary havoc on the health of an organization. If your company has shifted its dynamic and wishes to confidentially explore "reteaming" a once outstanding employee, Peak and its ReTeam Specialists will help you engage and rejuvenate the relationship!
Managers who don't know how to meet the engagement needs of their team become a barrier to employee, team and company performance.
ARE YOU ATTRACTING INNOVATORS?
It all starts with mindset. As leaders, it's imperative that we create a culture where innovator mindsets are coveted, encouraged, rewarded, and manifested at every level of the organization.
To many leaders, being “innovative” is no more than a fuzzword, but if we are to truly attract and retain those innovative employees necessary for success, we must support and encourage the “Innovator’s Mindset” at every stage of the talent life-cycle.
Peak can help you create a corporate alumni group
In the midst of a talent drought, organizations are changing the way they are thinking about former employees as well. Gone are "no rehire" policies, as many of the largest companies aren’t avoiding former employees anymore. Instead, they’re taking initiative to create corporate alumni groups so they can stay connected and ensure an open pipeline of engaged and enthusiastic talent.
Efforts to maintain positive relationships with former employees should be at the top of your agenda in today's competitive talent climate. According to an article from SHRM, one of the top three business drivers of remaining involved with former employees is talent acquisition. Whether you call them “boomerang employees,” “alumni” or “comeback colleagues", former employees can be a treasure trove of brand ambassadors, potential clients, future business partners and top-notch rehires.
What are the advantages of Direct Hire?
In today's competitive market, all hires are strategically important as the availability of right-fit talent has continued to decrease.
The costs associated with a bad hire can be huge: not only can the financial aspect be overwhelming, but your overall culture can be affected due to unnecessary churn and potential negativity that can remain long afterwards.
Let's focus on the positive.
A direct hire strategy offers organizations additional benefits not offered through other staffing options:
- A broader candidate pool - Job seekers are more likely to leave a current position for a direct hire job if it is a a more secure "permanent" move versus a temporary or temp-to-hire placement, giving your organization access to a much higher percentage of employed candidates. Direct Hire attracts those who usually wouldn't be looking under different staffing arrangements.
- A deeper commitment - Candidates placed in a direct hire position have a better sense of stability and are far more motivated and engaged to contribute after hire. Think of the term "temporary employee" - how stable does that sound to you- all promises aside? Short term mindsets produce less and your new hire will normally continue to look for another, more committed employment situation.
- An "employer of choice" strategy - Instead of forcing right-fit talent to settle for the sparse benefits and perks usually made available to temporary employees of a staffing firm or contractor, they get to experience the perks and benefits your organization offers to its talent!
With historically low unemployment levels in most disciplines and skills, it is important for organizations to enhance their offerings as they continue to vie for the best and brightest. By offering direct hire opportunities, employers are pledging a different level of commitment to the right-fit talent they desire. The choice of filling the role with a direct hire arrangement can deliver a better return on investment than filling through other methods, including temp-to-hire.