It costs businesses thousands every year to take on new employees. As well as searching for the right employee there are time considerations, training costs and the risk of new employees quitting and you having to start the process all over again.
It is far better to retain the ones you have; the trick is to get the hiring package right and maintain these benefits.
Check The Agencies
When hiring it’s a good idea to check in with a firm that specializes in labor hire Sydney. They should have potential employees on their books which can start straight away and you can even test them for a short period first. This can significantly cut the cost of locating the right employee.
Industry Leaders
If you’re looking for a specific skill set then you need to check who has the best reputation in the industry and whether it is possible to poach the from their current job.
Being aware of your industry will also help you to establish hat a fair wage is for any particular role.
Set Your Wage
Whether hiring or looking to retain your best staff you need to know the average wage that their job earns in the industry (as above). Then you can make sure that the offer you make them is a little above the average; this will make your offer more attractive.
However, if this has the potential to create a pay difference between them and existing staff then you should increase the wage of all staff doing the same job; this will encourage existing staff to stay with you as they won’t be able to earn the same money elsewhere.
The Future
Having got the right staff you need to engage them with your business. This means giving the some responsibility and making sure they are aware of where the company is going and how you intend to get there.
It’s a good idea to have an open door policy where any staff can present an idea and it is listened to; even if it is no good. You’ll be surprised at how many new initiatives can develop this way.
You can also offer grants or tuition fees reimbursed for the successful completion f a course. This will encourage your staff to push their own limits which will allow them to get the promotions they want and you to get the best team possible.
Make It Fun
The right package of wage and benefits will help your employees to stay with you. However, to maximize productivity and encourage initiative you want your employees to enjoy coming to work. This means introducing fun days such as casual Friday or dress up Monday.
You can also include some quick team bonding games in the morning before the day starts and the occasional day out for all the staff. The opportunity for colleagues to bond and actually talk to each other will really help the morale in your workplace; that’s what really ensures employee retention and loyalty.
