'...finance teams have been historically accepting of playing with one hand tied although completely oblivious...''
Your department is only as good as the people that run it and support you. The right staff can make a significant impact on the organisation, and as their mentor and leader, you appreciate that interdependence is the paradigm of we-we can do it. We can work together, we can combine our finance talents and abilities and work with a collaborative approach for the benefit of the organisation.
'The majority of finance departments use Excel far beyond its design capabilities.'
Companies are calling them ‘the secret weapon in the talent war’, but how effective are employee benefits when attracting (and retaining) candidates?
- 71% would like flexible working hours
- 55% would like work-from-home options
Often known as the ‘unwritten contract’, celebrating and promoting your organisations’ EVP can help to attract skilled talent, based on shared characteristics.
In addition to retaining your employees, a company’s EVP can help to attract those passive and active candidates that closely match the characteristics of your business. Your EVP is about defining the essence of your company, how you’re unique and stand out from your competitors, and the balance of the rewards and benefits that are received by employees in return.
Approximately 80% of Millennials examine culture fit with potential employers before applying to and accepting jobs (Glassdoor for Employers, 2017). Your company culture is one of the many aspects that brings the best out of your employees. An employee with a strong cultural fit will thrive in the environment that suits them best, become more engaged, and add more value to the business.
What are employer review websites saying about your business? Following a monumental surge in internet users, candidates today can rely on online peer-review websites for information on their prospective employers.
In the last few years, these websites (and their user-base) have matured to be reliable sources of insider information for candidates looking to join any organisation. In an age where branding and company culture are becoming key differentiators when attracting skilled talent, employer review sites are an excellent alternative for candidates to research on and gain ‘intel’ on the fundamentals of life working at your company.
The same applies to social media accounts. Facebook is now a key medium for individuals to learn more about your company, news updates, promotional activities and company reviews.
Your company website may be the first real interpretation that a candidate receives about your business before applying for a position.
In this context, first impressions really do make the difference. On first glance, if your website is beautifully crafted, easy to navigate and provides the necessary information that candidates are looking for, you’re already one step ahead of your competitors.
If you are recruiting for a variety of positions, ensure that you include a detailed description of each vacancy to prevent confusion between roles. A ‘careers’ page or ‘join our team’ page is often necessary to include background information on your company (benefits, success stories, employee events, etc.) and to ensure that the vacancies don’t get lost amongst the descriptive content on your website.
What could be more appealing to a candidate than seeing a current employee’s journey, progression and success?
Possibly aside an attractive package and benefits, there’s nothing more a candidate wants to see than employee success stories at a business. Stating the possible progression at your business is one thing, but highlighting the journey and success of various individuals within your organisation is another.
In today’s candidate-driven market, competing businesses are always on the lookout for candidates, including
your employees. Gaining competitive intelligence by monitoring rival businesses is an excellent way to help you understand and plan your attraction strategies. Keeping up-to-date with your competitors’ behaviour will give you the upper hand, allowing you to anticipate what they will be likely to do next.