Struggling in a Tight Labor Market? How to Differentiate Your Organization

The labor market has changed immensely over the last five years; while sometimes it’s flooded with job seekers, other times, the labor market is TIGHT. If you’re currently struggling in a tight market, you can differentiate your organization by attracting top finance talent and highlighting unique benefits, culture, and career development opportunities. For help finding great people, contact our team!

Foster a positive work culture:

Focus on fostering a positive company culture. Start by regularly assessing and improving your culture to create an attractive work environment. Offer attractive summer hours. Hold off-site development days. Offer flexible work arrangements by allowing employees to work from home or adjusting their hours. Foster open dialogue and communication. Eliminate the “double standard” environment by creating equal opportunities and strong onboarding training. Allow for employees to scale the ladder, offering trainings, education, and seminars for anyone who is interested in expanding their roles or looking to move up.

Make the candidates the priority:

Design your interview process for maximum efficiency and candidate engagement, so that candidates know what to expect in your process and feel respected and valued. Use technology to your advantage and consider Skype or web conferences in the early stages of interviews. Personalize your email communications with candidates; even a standard template can easily be tailored for a personalized tone. Capture interview team feedback quickly while it is fresh and keep momentum and urgency.

Maximize or institute an employee referral program:

Current employees can be your biggest advocates and cheerleaders. Get creative with your employee referral bonus program. Gift cards and cash are less appealing to most these days. Consider if an extra day or two of PTO can work. Some other ideas to consider include tickets to a local sporting event, or a quarterly lunch with the CEO for anyone who referred candidates who were successfully hired.

For help finding the all-stars you’ve been missing and building that great work culture, get in touch with our team!

PrideStaff Financial has consistently won awards for exceptional client satisfaction. Our highly skilled staffing consultants can support your management teams and company mission. Contact us today to learn more.