Business Changing

Profit and Growth Specialist

How do you recruit and retain the best people?

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benefits-of-working-from-home

I read a paper by the Society of Human Resource Management that said the main HR challenge facing executives over the next ten years is retaining and rewarding the best employees. Do you agree? Anyone who has had a bad apple within their business and has seen the destruction they can cause knows how important good people – the right people – are to a business. A stellar employee can help shift your company into a new gear, take it to a new level with their skill, enthusiasm and drive. An unmotivated, unengaged, unwilling employee, well, let’s not go there. Essentially, a good employee can make your business, a bad one can break it…

 

So how do you make good employees feel so valued and appreciated that they don’t even consider looking elsewhere for job prospects? Of the 500 SHRM members who responded, 40 percent said providing flexible work arrangements was their number one tactic for attracting, retaining and rewarding good staff. What does this mean? More flexible hours, being open to different start and finish times (to allow dads to do school drop-off a few times a week, say), allowing employees to choose how to work their 40+ hours (an engineering firm in Auckland offered this sweetener and found their staff were happy to work four ten-hour days to give themselves a long weekend), or even the option of working remotely (ie from home or the bach) a few times a week. (Of course, this won’t suit all types of employees, as the above comic illustrates…)

 

Not far behind, at 37 percent, was the tactic of providing a culture of trust, open communication and fairness. In my experience, this one sounds like a good idea – and one that will be appreciated by all your staff – but it can be a hard one to get your head around when it comes to executing it. Don’t worry – it’s not rocket science. Get in touch with me (zac@businesschanging.com) and I’ll run you through it.

How did the stock-standard response of offering a higher total rewards package than their competitors rate? 25 percent, as was providing career advancement opportunities.

 

Have a think about what strategy you are employing to recruit and retain the very best your industry has to offer. Is it working for you? Will it work for you in ten years’ time? If you need a hand on this or any business coaching, say hi to Zac…

 

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  • "Great two-day workshop that gives you a chance to reflect on your business, and focus on key points that need to be addressed to maximize your effectiveness and outcomes. The workshop was both entertaining and informative and really helped us to think about how we might navigate Covid / post-Covid, and plan out our next few years to guide the direction of the business. Food and hospitality was also great. Highly recommended!"
    Nelson Raynor, Isle of Eden
  • "Zac’s business workshop totally exceeded my expectations. The two days are well planned out to ensure your thought process takes you through the various stages needed to question why you are in business, where your business currently is at and where you want your business to be. Provoking questions, explanations, stories, presentations from successful entrepreneurs and of course Zac’s personal attention ensure you walk away with a clear and dynamic business plan. The venue was perfect, the lunch and refreshments sublime."
    Rachel Kann, IQ Property Management
  • "The business planning workshop run by Zac is a great opportunity to challenge existing thinking in your business and take results to the next level. The workshop was well thought out and provided a structured environment to channel ideas and ambitions. Zac has the perfect presenting style allowing for plenty of interaction amongst your team and networking with other business from a variety of backgrounds. Highly recommended"
    Gray Borell, Novii
  • "Zac has also become a key enabler and contributor to us working towards the development of both our employee engagement and customer experience roadmaps. Kotahi is a new and fast-paced environment and it has been great to have Zac as a trusted advisor to both myself and the CEO. He has a no-nonsense and solid experience-based approach to his consulting style. I have enjoyed working with Zac and look forward to continuing on our engagement journey with the support of Business Changing”
    Jay Padden, HR General Manager, Kotahi
  • "Transformational… Revolutionary… Awesome… Take your pick! Our business looks nothing like it did just three months ago – our brand is visible in the market, there’s a buzz about what we are doing, doors are opening and our heads are in the game. Business Changing changes business for the better… I’m very very thankful we met – my only regret is that we didn’t seek you out sooner!"
    Nick Brown, Huffman Sauces
  • "Zac is incredibly insightful, inspiring and has been absolutely vital in contributing to the growth of my business. He's made me think beyond my goals and really given me the push my business has strived for."
    Bex Riley, Tosca Salome
  • "Zac has given myself and the business a real sense of clarity, and a better sense of day-to-day achievement for myself and the team. Zac’s ability to ask questions that are relative and beneficial have helped me grow the business and my self-awareness and create a more enjoyable workplace. Give Zac an inch and he’ll take you a mile!”
    Mathew Phelan, New World Churton Park