As more jobs become available, HR may have to work harder to retain talent.
One of the top priorities of HR is to keep valuable talent on the team. However, sometimes this idea is more workable as a theory than it is in reality. Particularly as the economy continues to regain strength, HR will likely face mounting challenges when it comes to retaining skilled workers.
It is already known that skilled workers are tough to come by these days, especially as companies have cut back on training. However, more Americans have been finding jobs. According to a recent Inc. article, a report from the U.S. Department of Labor showed that employers added 209,000 jobs in July.
If your company already has top-notch employees, HR might want to start thinking hard about providing ways to retain these workers. With the growing availability of jobs, its possible that some of your employees could be gearing up to leave for greener pastures.
If you suspect this could be true, some signs will indicate whether an employee might be about to leave. Has a top employee been slacking off? If so, they may be disengaged from work because they are about to leave. Other possible signs could be them dressing up because they are going out for an interview.
With more opportunities becoming available, it could mean that there will be more competition for top talent. Considerations like a strong company culture, competitive salary and benefits packages and the level of engagement workers experience at your company are all elements that factor into building the type of environment that makes employees stick around.
A company is only as good as its employees, and to stay competitive, it will have to maintain a skilled workforce. HR software helps manage the details.