The 5 most powerful retention strategies for your business - SME recruitment webinar
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Watch the webinar here: http://expertise.michaelpage.com.au/sme-recruitment/retention-webinar/ The training covers: - The five most powerful retention strategies that will make your best employees stay - Clear guidelines on how to leverage your business size as your competitive advantage - Practical tips from our most successful SME clients that will have a big impact at a low cost - Specific recruitment questions from SMEs answered by our SME recruitment expert, Clare Johnson
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The 5 most powerful retention strategies for your business - SME recruitment webinar
- 1. The five most powerful retention strategies for your business A Michael Page Webinar
- 2. Talentis the #1catalyst for business growth The key to success
- 3. Finding high calibre talent and Key hiring challenges 1 2 Retaining these employees = Wasted time and money
- 4. The solution Focus on the big benefits of your small businesses Little things make a big difference
- 5. Retention strategies – the road to success 1 2 3 4 5 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward
- 6. Retention begins before the first day… 1 2 3 4 5 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward
- 7. Retention begins before the first day… 1 2 3 4 5 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward • Find people who are the right fit • Values, attitude • Motivation, passion • Cultural fit • Potential to grow • Be honest about who you are • Emphasise benefits • Set clear expectations • Make a great first impression • Efficient recruitment process • Ready on day one • Make them feel welcome
- 8. Retention begins before the first day… 1 2 3 4 5 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward My voice is heard SME strength
- 9. Retention begins before the first day… 1 2 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward My contribution Company success Meaning 3 4 5
- 10. Encourage your employees! 1 2 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward • Understanding of vision/goals • Ownership of results • Contribution of ideas • Involvement in decisions • Give back to community 3 4 5
- 11. Be a strong leader! 1 2 3 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward Access to leaders SME strength 4 5
- 12. Be a strong leader! 1 2 3 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward Strong leaders… •Share clear vision, values, goals •Communicate regularly •Listen •Believe in honesty •Are proactive •Share success •Have faith 4 5
- 13. Stay flexible 1 2 4 Start from the start Involve and empower Offer flexibility Challenge, develop, reward 3 Inspire through leadership 5 More flexibility SME strength
- 14. Stay flexible 1 2 4 Start from the start Involve and empower Offer flexibility Challenge, develop, reward Consider… • Part time roles • Staggered hours • Extra leave • Work from home • 4 day week • Flexi days • Lifestyle perks • Friday bonus 3 Inspire through leadership 5
- 15. Stretch your best people 1 2 Start from the start Involve and empower Challenge, develop, reward 3 Inspire through leadership 5 = more likely to stay LEARN DEVELOP TRAIN GROW Offer flexibility4
- 16. Stretch your best people 1 2 Start from the start Involve and empower Challenge, develop, reward 3 Inspire through leadership 5 Offer flexibility4 Variety of work SME strength
- 17. Stretch your best people 1 2 Start from the start Involve and empower Challenge, develop, reward • Lead projects • Added responsibilities • New areas • Different roles • Shadow leaders • Innovate • Exposure to Executive team • Training • New technology • End to end projects 3 Inspire through leadership 5 Offer flexibility4
- 18. Stretch your best people 1 2 Start from the start Involve and empower Challenge, develop, reward Recognise and reward great work 3 Inspire through leadership 5 Offer flexibility4 Non- monetaryvsMonetary
- 19. Today’s learnings 1 2 3 4 5 Start from the start Involve and empower Inspire through leadership Offer flexibility Challenge, develop, reward Find people who are the right fit, be honest about who you are, make a great first impression Offer perks that enhance work/life balance, flexible options that are mutually beneficial Paint the bigger picture and show how they fit into it, encourage input and ownership Inspire with a clear direction, be open and honest, listen Opportunities to learn, train, grow, develop; recognise great work
- 20. Today’s learnings = Business growth OUTCOME Employees that… 1. Are engaged, inspired, stretched 2. Feel seen, heard and appreciated 3. Know they are integral to your future 4. Want to be a part of it
- 21. Q&A Any more questions? Email us: webinar@michaelpage.com.au
- 22. Get in touch! Interested in a free advertising package on Australia’s leading job boards worth over $500? Get in touch! linkedin.com/company/michael-page michaelpage.com.au facebook.com/michaelpageaustralia/ Alex Neal SME recruitment coordinator +61 3 8640 3282 alexneal@michaelpage.com