Pay2perQ’s Post

Tired of losing out on stellar candidates? It might not be your interview skills (although those are important too!). Today's market demands a strategic #TotalRewards package that goes beyond just salary. Learn the key techniques of executing a complete Total Rewards Project via our upcoming workshop from 19th May " Total Rewards & Compensation Benchmarking" Walk away with the confidence to: - Design and implement #TotaRewardFramework, #JobroleArchitecture , #InternalPayEquity , #ExternalPayPosition, Understanding and translating complimentary #compensationreport & lastly create #CompensationDashboard for Management review meeting. Register for Pay2perQ's Total Rewards and Compensation Benchmarking Workshop today and we shall share details content with you! - https://lnkd.in/dWZvmkga You can also be a part of Learning groups : - Compensation and Benefits ( CNB Related): https://lnkd.in/e9q2JPHr - HR Jobseekers (Only HR jobs): https://lnkd.in/dqfwPbHM

The average annual employee attrition rate is 13% 😱 When it costs c.£3,000 to fill a role, bringing this number down really matters 🤑 What are the key things that will help you to retain great talent? 🧲 1️⃣ A great working environment Flexible working has been shown to reduce staff turnover by up to 87%, according to CIPD. Giving people a working environment in which they can thrive is a sure-fire way to improve happiness, engagement, and therefore retention. Showcasing this working environment early on will help to attract aligned talent whose expectations are well-managed and therefore more likely to remain with the company. 2️⃣ Reward, recognition and progression Regularly measuring against the market to ensure you’re paying fairly, rewarding people’s hard work in big ways (annual bonuses, commission. etc.) and small ways (gestures to say well done, praise, etc.) are key to holding onto the best people. Having to battle every year for a pay rise will be a sure fire way to lose people to a better paying job elsewhere. People will also leave if they feel underappreciated, so get recognising, praising, and reviewing! 3️⃣ Taking a skills based approach to roles This is a new kid on the block, and one that ranks number three in HR people’s concerns going into 2024 according to a new report by Mercer. In more volatile economic times, it’s important to be able to hold onto employees that you think are brilliant, even when their role isn’t super in-demand. Taking a skills-based approach to understanding people’s job descriptions enables companies to redeploy, promote, and retain talent. Looking at people’s roles through this lens means that they become more than just a job title. Check out our discussion on skills-based hiring via the link in my comments 👇 #MercerPartner #FlexibleWorking #Webinar #Ad Flexa

HRTech Series New Cangrade Research Exposes the Hidden Culprits Behind Employee Resignations #AIbased #Cangrade #HRpriority #jobengagement #organization #salesprofessionals https://lnkd.in/dH4y8E3F

You can increase the Retention Rate in your company by giving your employees a clear picture of their career growth within company. How can you align the Business Goals and Career Development of employees? 1) Define Business and departmental Goals/Objectives 2) Connect with each employee 🤝 3) Understand their aims with regards to career where they want to see themselves in career/professionally in next 6 months to 1 year 4) Do SWOT of employee 3) Create 1-2 SMART goals of 3 or 6 months which can help in career development in sync with business/departmental goals 4) Last but not the least EVALUATE. Keeping a uniform format to define career development can ease out evaluation 5) This process can also give you an idea if there is a possibility of existing employee who might resign sooner due to better opportunity #HRSimplewithShimoli #Employeeexperience #HR #careerdevlopment #businessgoals #growth

Employee retention is at an all-time low, and there are plenty of good reasons for it. Many companies are oblivious to the things they can do to keep their valuable team members. #job #hiring #quit #newjob #team #value

Welcome to a new month filled with opportunities, new goals and new ideas. Let's make this month more successful and better than last month. #elite #eliteng #elitehunter #elitehuntersconsulting #hrm #humanresourcesmanagement #humanresources #hrconsultant #employees #employeeengagement #referral #explore #explorepage #organization

Every new recruit these days - Thik hai, ab main chalta hoon. Employee turnover within the first few months of joining a company, affects  the  productivity  of  organisations  and  teams,  both  directly (replacement, recruitment & selection, temporary staff management) and indirectly (morale, pressure on the existing staffs, training costs) (Ref: Tracey & Hinkin, 2008). Below are 4 common factors that can contribute to early attrition: 1. Poor Onboarding: 2. Mismatched Expectations: 3. Inadequate Communication: 4. Compensation and Benefits: To reduce early turnover, companies should focus on improving their onboarding processes, ensuring clear communication, and providing competitive compensation and benefits. Regular feedback and employee engagement initiatives can also help in understanding and addressing the specific concerns of new employees and reducing their likelihood of leaving within the first few months. What do you think is the reason for high early attrition? #recruitment #hrinsights #humanresource

Have you got any idea how much disengaged employees cost you*? Now what if your disengaged employees sat right at the core of your business processes? Your operational staff are VITAL to your company's success - they drive so much of what happens behind the scenes in a recruitment company. Are you giving them the same kinds of incentives and rewards as your fee-earners? How are you showing them their value to the business? Our Operations Director, Natasha South, has put down her thoughts on ways you can incentivise your support staff in our latest blog post. The link's in the comments - you won't want to miss this one! P.S. One great way to show your Ops staff how much you value them is to nominate them for our Unsung Heroes Awards this month! #Operations #Recruitment #RecruitmentOps #UnsungHeroes #Incentives #RewardsandRecognition *Between 18% and 34% of their annual salary, according to Forbes!

✨Exciting News for the 2024 Job Market✨ We are thrilled to share key insights in a recent article from The Business Journals on the evolving job market trends for 2024. 🔸  Pay Raise Predictions: The article forecasts a positive outlook on pay raises in 2024, signaling a promising era for professionals. This anticipated increase reflects the growing demand for skilled workers and the recognition of their contributions to organizational success. 🔸  Dynamic Job Market Shifts: The job market is undergoing dynamic shifts, with new opportunities emerging in various sectors. Stay agile and proactive to navigate these changes successfully. Upskilling and staying informed about industry trends are crucial steps to stay ahead in the evolving landscape. 🔸  Promotion Opportunities on the Rise: As companies seek to retain top talent and put more focus on employee engagement, the likelihood of internal promotions is expected to rise in 2024. This emphasizes the importance of showcasing your skills, taking on leadership roles, and actively contributing to your team's success. Let's discuss! I'm eager to hear your thoughts on these trends and how you're preparing for a successful 2024. Feel free to reach out, and let's start a conversation. 💬 #CareerInsights #JobMarketTrends #CareerSuccess2024 #LinkedInConvo

Have you got any idea how much disengaged employees cost you*? Now what if your disengaged employees sat right at the core of your business processes? Your operational staff are VITAL to your company's success - they drive so much of what happens behind the scenes in a recruitment company. Are you giving them the same kinds of incentives and rewards as your fee-earners? How are you showing them their value to the business? Our Ops Director, Natasha South, has put down her thoughts on ways you can incentivise your support staff in our latest blog post. The link's in the comments - you won't want to miss this one! P.S. One great way to show your Ops staff how much you value them is to nominate them for our Unsung Heroes Awards this month! #Operations #Recruitment #RecruitmentOps #UnsungHeroes #Incentives #RewardsandRecognition *Between 18% and 34% of their annual salary, according to Forbes!