There is no denying that a lot of change is happening in the world of employment, something that hasn’t been seen for many years. Key vacancies are unfilled, employee retention rates are falling and ‘quiet quitters’ are making a name for themselves. Since the pandemic, employees have higher working standards and expectations, and they are looking for more from their place of work. This means that companies are under more pressure than ever before to get things right, as a way to hold onto top talent. Businesses don’t want to be faced with unnecessary costs, which comes with a high turnover of staff.
Currently, there is a lot of economic uncertainty, and the jobs market is in turmoil. To get through this unscathed, businesses need to use data. This will ensure that they hire the right people, and then keep them for long periods of time. Leaders need to know how to run effective teams, training needs to be better supported and employee retention needs to be the goal. If a business gets this right, they have a good chance of surviving the recession, and then taking advantage of opportunities afterwards.
How Organisations Can Get Their Culture Right
In order to create the ideal workplace in these uncertain times, businesses need to approach HR from a different angle. They need to invest in a data led way of doing things, they need to invest in a strategy centered around people. This means assessing people when hiring, and then continuing to assess them as employees. The aim should be to find out what motivates people and where their strengths are. By doing so, businesses can determine any weak links, and make changes to ensure their team is in the best shape possible.
Data can be used to better form teams, to better work together and how to better develop teams over a long period of time. Psychometric testing is a big part of this; it can help companies to find the right employees, it can help leaders to understand their employees and it gives an insight into the attitudes, inspirations and motivations of employees. Using this data, employers can provide support wherever necessary.
When businesses have a team of carefully selected employees, retention rates are raised. This cuts down on the time and money spent hiring, training and onboarding new employees. Of course, mistakes can be made, but during these challenging times it’s important to use data to the best of an employer’s ability.
