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3 Growth Strategies To Lead Your Team To Success

3 Growth Strategies That Will Lead Your Team To Success

Growth can be intimidating. You worry that adding staff to your team may stretch your resources, increase your costs, and worry whether now is the right time or not. However, the job market is hot right now, and competition for qualified talent is at an all-time high. It is the perfect time to add to your team, and there’s a smart way to do it. These three growth strategies will help ensure that your team will grow in a steady, sustainable way.

1. Recruit The Right People

The most costly mistake you can make is hiring the wrong person. If a candidate is not thoroughly vetted or completely closed on the job, they will either leave quickly or stay and underperform. When you partner with a recruiting firm like Johnson Search Group, we meticulously vet each and every candidate we work with a minimum of three times before they are extended an offer. We walk our candidates through the entire hiring process, closing them on the job, money, company, and location every single time we talk with them. It is of utmost importance that we only submit the best candidates that want to join your team and make an impact.

2. Hire Quickly

With how competitive the talent market is right now, you must hire quickly! While it may feel like pushing to hire is an increase in cost, it will actually save you money and resources in the long run. The cost of talent acquisition is a huge burden to many departments and can cause a significant slowdown in production. Streamline your hiring process to shorten the time from first contact (application or submit) to offer and start date. This will ensure that you can secure the most qualified talent for your team.

3. Boost Retention Rates

One of the strongest moves you can make to grow your team is to keep your best employees on board. Again, with the candidate-driven market, there are a lot of opportunities out there. Your most talented staff are more than likely being actively recruited. So, give them a reason to stay! Are you offering fair compensation and benefits? Take a look at your company and team culture. Try implementing frequent reviews with each of your employees to check in on their happiness and satisfaction with their jobs.

Does your growth strategies need a boost? Partner with Johnson Search Group to take your team to the next level and achieve your growth goals this year.

employee retention

How to Increase Employee Retention in Today’s Market

More and more employers are struggling with employee retention in today’s market. With a near 50-year unemployment rate and 7.22 million job openings in the United States, many-valued employees are leaving for greener pastures. If you are one of the thousands of employers facing a steep decline in employee retention, here are a couple of things you can do retain your employees.

Fill vacant positions quickly

If you have vacant positions at your company, it’s in your best interest to fill them quickly. They probably cost your company more than you think. Not only is your production taking a hit, but the average cost of an employee exit is also 33 percent of their salary. It costs thousands of dollars and hundreds of hours for a company to fill a vacant position successfully. The faster you fill your vacant positions, the more money you will save.

Additionally, if you have a vacancy, someone else on your team is probably picking up the slack. Every day that goes by with that employee doing extra work, their likelihood of leaving skyrockets. Vacant positions can be a vicious cycle that your company doesn’t want to be stuck in.

Foster a healthy work-life balance

Ninety-five percent of human resource professionals claim an unhealthy work-life balance is detrimental to employee retention. If you don’t provide an excellent work-life balance, they’ll find a new employer that offers more time away from work. Again, employee vacancies play into this. If your team has multiple vacancies, your other team members are picking up the slack. They’re likely working longer hours, doing extra tasks, and feeling burnt out. If you keep these positions vacant, your employees will seek other opportunities that give them a life outside of work.

If you don’t want your company to fall victim of the current quit rate of 2.4 percent (the highest rate ever recorded), you need to take care of your current employees. And the best way to do that is to ensure they aren’t covering the workload of two or three different positions. Therefore, if you want to avoid this predicament, reach out to our expert team of recruiters at Johnson Search Group. We will help fill your open positions and keep your employee retention rate manageable.

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How To Retain Your Company’s Biggest Asset – Your Employees

How To Retain Your Company's Biggest Asset - Your Employees

In a candidate-driven market, employers are finding it more and more difficult to retain their employees. At this point, you need to keep employees feeling engaged or watch your top talent go to the dark side and get hired by your competitors. Knowing how expensive turnover can be for your company, it’s important to focus on keeping and fulfilling your current team, in addition to taking advantage of the job market and hiring new A-players. Here are a few things you can do to minimize turnover on your team:

Fork Out The Cash

Forecast the budget and bottom line and when you are profitable, reward your employees with wage hikes and/or bonus incentives.

Increase Employee Time Off

Be the kind of employer that understands that most employees value time off as a reward. Give perceptible accolades and come up with incentives for work/life balance

Give Reviews

Conduct reviews in a constructive way, highlighting employee attributes as well as shortcomings. Set achievable goals and benchmarks for those goals.

Be The SME (Subject Matter Expert) On Your Employees

Take the time to get to know everyone on a personal level. If you don’t know the names of your employees spouses, significant others, or children, then shame on you!

Mandatory Fun Days

Even the United States Army utilizes off-site work parties to promote cohesion. Events help leadership project a team mentality and at company expense, it shows a value and investment in staff members.

Eliminate Office Gossip

Keep the gossiping to a zero level in the office, especially if you are in a Managerial role. Do not partake in talking negatively about anyone. It will create an unproductive environment and foster division among your team.

Showcase Opportunities

Work is life, so give every opportunity possible for those who excel and want to continue improving. Recognize that advancement and professional growth is rewarding to your company.

Check Your “Dictator Attitude” At The Door

Absolute power corrupts absolutely. Statements such as, “because I said so,” “because I’m the boss, ” or “do not think above your paygrade,” will destroy original thought and independent ideas and create and Us. Them mindset.

Be The Example

Never come to work irritable or frustrated. Remember, you set the tone for the entire team. Attitude reflects leadership, so always project confidence and pride in what you are doing because you control the atmosphere of the whole office.