Millions of jobs across the US are waiting to be filled as our country is still amid a national labor shortage. With 75 million Baby Boomers set to retire by 2030, The Great Retirement may supersede The Great Resignation as the most significant hiring trend for 2022. These retirees are taking their years of experience with them, leaving a sizeable knowledge gap. Companies will find themselves at a great disadvantage without a proper plan for how their successors will pick up the slack.
Mercer partner Ted Patchet claims, “This isn’t a talent shortage. This is a talent shift.” Companies must change their approach to employee recruiting, retention, and management. Here’s how you can audit your talent and ensure your team stays prepared as the composition of the workforce begins to change.
Start by conducting a baseline assessment of your current resources. Evaluate skills based on whether your current workforce is equipped to help your organization execute your business goals and optimize performance. When conducted within the context of your broader organizational strategy, these employee skills assessments allow you to assemble an inventory of the skills represented among your employees and identify any gaps.
Your talent audit will give you a realistic idea of the capabilities of your existing employees and who is prepared to fill available leadership positions in your organization if someone leaves. Establish a link between your strategic priorities and talent needs by identifying your business goals and who you need to achieve them. Then you can determine how to align your efforts to recruit, develop, and retain talent with your company objectives.
Your younger, less seasoned workers may not have the decades of experience that retiring Baby Boomers have, but they are highly adaptable and eager to learn. Instead of brushing-off young talent due to a lack of skills, take the time to invest in reskilling and upskilling. These efforts can range from a formal training program to on-demand online courses. Also, make sure knowledge from senior employees is trickling down to the rest of your staff. Utilizing mentorship initiatives to pair your seasoned veterans with your up-and-comers is a great way to facilitate information exchange within your company.
You might decide to look externally to fill knowledge gaps – This is where RJ Reliance steps in. Our staff augmentation services allow you to “shop” for specific skill sets without the commitment or cost of hiring full-time employees. With years of in-house HR expertise, RJ Reliance employees can jump in and help you with anything from onboarding and retention to payroll operations. They can also retrain your team to bridge any specific skills gaps. Our HR professionals are ready to help you with the heavy lifting so you can focus on growing your business. Reach out today to connect with our experts!
Skill building is a lifelong process for any working professional. Hard skills development has always been a top priority for companies but being gifted at performing the technical aspects of a job will only take an employee so far. An outstanding employee possesses an arsenal of skills that are trickier to measure but crucial to success. Also known as “soft skills,” they are non-technical skills that relate to how you interact with colleagues, solve problems, and manage your work.
In today’s hybrid-model world, soft skills are more crucial than ever. The last two years have shifted priorities in the workplace, and now employees with high emotional intelligence and interpersonal skills are the ones who stand out. Soft job skills allow your team to foster better connections with your clients and with one another, helping you achieve your business goals. You can transform these soft skills into developmental skills that your employees will carry with them as they grow in their careers.
How do you know which soft skills need shoring up within your team? To discover which soft skills are most essential to your organization, look to your most successful employees. See if they share certain traits that allow them to prosper in your workplace. By reviewing your company’s value statements and thinking about your company’s culture, you can determine which skills align with your overall mission.
Like technical skills, soft skills can diminish if they go unused. That’s why it’s essential to practice and develop them continuously. Don’t let your company skill training use a one-and-done approach. Changing from a one-time training initiative to a stair-stepping development method can seem daunting, and your employees and leaders don’t have the time to pause operations and attend a week-long training session. Instead, the key is to implement learning techniques that help your employees enhance their skills on a day-to-day basis.
Not all companies operate the same, and neither do development processes. There are various ways to engage and enhance your employees, and developing a plan that suits your company is key. Use a combination of larger-group training, mentoring programs, and self-guided programming. You should also provide your employees with engaging questions, ask for feedback on current tasks and projects, and have them reflect on their existing skills.
It’s critical to show your employees why prioritizing soft skills training should matter to them. That might mean drawing a direct line between developing these skills and achieving higher pay or a promotion. When moving employees into supervisory positions, you will want candidates with a well-rounded skill set. Thanks to soft skills development measures, employees will be ready to transition into new positions with ease. Teaching employees to treat these skills as building blocks is not only beneficial to their professional development but the overall growth of your company.
Shifting workplaces, settings, positions, and priorities require a higher level of emotional intelligence, communication, and interpersonal skill. These baseline traits can be truly transformative, especially when you implement the right tools to promote their continuous development. By prioritizing soft skills, you are investing in the success of your employees and your organization.
A new generation of workers is here, increasing turnover rates and generating a monthly quit rate of 3.6 million in May alone. Millions of Americans are finding new opportunities as the job market is heavily recruiting following post-pandemic struggles. Competitive pay, the booming job market, and shifts in employee benefit priorities have HR teams struggling to retain young workers as they seek the next best opportunity. Creating an engaging and authentic workplace is crucial to appeal to the new generation and retain long-lasting employees. Discover how better HR decision-making can help you hold onto your talent.
According to research conducted by Future Workplace, younger professionals value flexible work hours even more than salary. Work-life balance was recorded as the number one factor for millennials when considering a new position. If you want to remain competitive, especially among the next generation of employees, you should offer flexible work options. Adjusting your benefits package as such can promote loyalty, boost productivity, and leave your employees willing to work longer hours.
Simply put, employees want to work for a company whose mission, vision, and values are similar to their own. Not only does your company need to maintain clearly identified values, but every employee must understand their role in supporting the mission to achieve the collective results. Enhancing your company culture requires communication, collaboration, recognition, and healthy competition. Encourage your team to weigh in on your mission. Deploy regular, disciplined communication and listen to you can easily share the vision across the workforce while soliciting feedback and ideas.
Your workers want to see how their everyday tasks drive growth and understand the value they bring to the company. Providing your team with a growth model allows them to gain visibility into the organizational roadmap and better understand company goals. In your regular updates to team members, highlight the firm’s progress toward key objectives. The pandemic only further solidified the importance of sharing a company roadmap with employees. A comprehensive plan of action allows employees to take action and get your team back on track when roadblocks arise.
Onboarding marks the very beginning of your employees’ journey. It is their first impression of your company as a whole, and when executed effectively, onboarding can sustain employee engagement, reduce employee ramp-up time, and increase retention. RJ Reliance’s Virtual Practitioner solution can automate all the repetitive, time-consuming tasks involved in onboarding so you can focus on the social and cultural aspects of your employee experience. By unifying onboarding experiences across connected businesses, our experts allow you to effectively support employees from the moment they are hired and achieve your business outcomes faster. RJ Reliance’s experts are ready to assess your current onboarding process to identify and implement the most efficient strategy tailored to your needs.
Written by Grace Reilly
Technology that puts the employee at the forefront allows the employee to feel seen and supported, thus combating post-pandemic burnout. Focusing on employee wellness creates an environment of respect and trust within an organization, encouraging more productive employees. Increasing employee wellness improves employee productivity, leading to revenue growth.
In today’s age of hybrid and remote working, it is essential for employees to feel connected to their organization, despite their physical workplace. HR leaders can utilize data to build connections amongst employees. By analyzing data on which employees are working together, and how engaged the employees are, HR leaders can tailor their offerings to increase employee wellness. With the insights generated from this data, HR leaders can understand where they are excelling and where improvement is needed. Data that highlights employee-perceived gaps in HR performance allows HR leaders to improve their performance, improving employee trust in HR.
Omni-connected experiences are increasingly important as trends continue towards hybrid and remote work environments. These experiences allow employees to feel connected to one another and their organization regardless of physical location. This culture of connection encourages employee productivity. By unlocking productivity retention, omni-connected experiences lead to revenue growth.
Static management of employees leads to barriers to advancement. Proactive, flexible management models, such as flexible staffing models, encourage growth and discourage burnout. Furthermore, technology allows HR leaders to directly promote employee wellness. Algorithms, such as the one utilized by PTO Genuis, analyze employee behavior to find stress triggers and address them as soon as they are discovered. This technology also urges employees to utilize their personal time if they have not taken time off. When employees use their paid time off, they combat burnout and therefore become more engaged.
An employee-driven payroll system allows employees to have more control within their payroll, thus increasing trust in their HR department and organization. Utilizing an employee-driven payroll system allows each employee to enter their work hours and gain more visibility into their paid time off, pay cycles, and other important payment information. This not only improves an employee’s understanding of their financial health but also benefits the organization. According to research conducted by PwC, a reliable payroll process increases an employee’s trust in their employer. Furthermore, employees who worry about their financial health are less effective than those who do not.
HR Technology that improves employee wellness already exists and is easy to deploy. Not only does this technology benefit the employee, but it also benefits the organization. Using HR technology to improve employee wellbeing reduces burnout, increases productivity, and contributes to your organization’s success. Reach out today and discover how RJ Reliance’s experts can support your organization’s efforts to improve employee wellness!