An amazing formula for retaining staff
By Developement

According to a recent report, 1 in 4 workers are thinking about leaving their job after the pandemic. With time to reflect on what matters most in their career, top talent are looking for more opportunity and growth. And this trend is only set to continue as retention is becoming the hot topic issue for so many organizations at the moment. So, how can we hold on to our best people?

There is a formula for success:

hiring + onboarding + engagement = retention.

It may seem simplistic, but focusing on these core elements can make all the difference when it comes to lowering the attrition of your best staff.

Hiring

It all starts with the hire. Get this wrong and there is no way you can retain talent. From the moment you start interacting with a candidate, it’s vital to be authentic and clear about two important components: the values of the company and the realities of the role. Set the wrong expectation on either of these fronts and you’re setting yourself up for failure.

So, what do you need to get right when you’re looking to hire talent for the long term?

Can you match their development ambitions?

  • Make sure you understand what the candidate’s ambitions are, even at this stage. If your company cannot facilitate or create a pathway to where they want to go, it’s on you to decide how to proceed. But remember: there will always be the risk that after a certain amount of time, this talent will seek greener pastures.

Do they share the same ethos as the company?

  • It’s important to note that I’m not talking about culture fit here, more that new employees share the values that drive the company. It can be a difficult one to fully ascertain in interviews, but with a solid knowledge of what your company stands for, you will better equip yourself to find this spark