Whether you employ five people or 50, in order to attract and retain the best staff you will need a robust HR Strategy. It doesn’t have to be complex or lengthy, but should always cover these five key elements.
1. Employee satisfaction
Make sure you consider how you will measure this (for example, you could look into conducting staff surveys). What mechanisms you will put in place to increase your employee satisfaction levels? These could include continuous performance reviews or appraisals to employee benefits and perks.
2. Training and development
Include a comprehensive plan which clearly outlines how you will train and develop every member of staff. Set aside a training budget which takes into account the varying needs of your employees and levels of seniority.
3. What is right for your business, proactive or reactive HR?
Consider whether you want to deal with HR challenges as and when they happen, or whether you need to anticipate and plan for organisational change. This will vary depending on the nature of your business, but often a combined strategy is a good idea to give you peace of mind.
4. Good recruitment
Get the right tools in place to ensure you recruit effectively and follow the correct processes. Getting this right from the very beginning will ensure you recruit the very best people. Don’t go it alone, there are various options open to you from getting external HR consultants (like us) to help, or using specialist recruitment agencies who can vet applications, leaving you to get on with your business.
5. Work flexibility
Have you considered offering a flexible working policy? Increasingly, employees are looking for flexible working options, and offering this could give your company the edge over competitors in recruiting top quality staff. Currently, 81% of Australian businesses offer flexible working practices. Workplace Flexibility is no longer a “nice to have.” It is now an imperative benefit that employers must offer in order to stay competitive and be attractive to potential candidates. In today’s candidate-driven market, with unemployment rates under 6%, the candidate is in the driver seat. If a company doesn’t offer the most enticing benefits, top talent will look elsewhere. Get ahead of the game and think about this could fit into your company culture.