Step 1: Attraction
What attracts today’s top performers to your company? More than the opportunity, job seekers are interested in your employer brand, company culture, mission, and the distinct set of values that drive your HR practices.
Step 2: Recruitment
How do you recruit the right talent to your organization? There are five generations of talent in the workforce and the way you recruit them is uniquely different. The most successful recruitment strategies are those that are tailored to the candidate they are targeting.
Step 3: Engagement
Employee engagement has direct correlations to productivity, performance, and turnover. Building a culture that fosters engagement at every level begins with listening to employees and responding to their feedback in meaningful ways.
Step 4: Retention
How do you keep employees from moving on? Understanding your workforce and what’s driving their decisions to stay or go is crucial to your ability to retain them. But, to do so, you must take action in the areas they deem important.
Step 5: Succession planning
The composition of the workforce is shifting. Seasoned, highly skilled professionals are exiting and millennials are making a mass entrance, leaving a significant skill gap that employers must fill. Succession planning requires a long-term approach and a proactive investment in skills development and training to equip employees to step into these roles.