3 Ways to Create a More Diverse and Equal Workplace

The past several years have brought many prominent social issues to the forefront of discussion — forcing us to analyze how modern businesses operate. And with the rekindling of the Black Lives Matter movement and spotlight on systemic racism’s continued presence in society, the need for creating a more diverse workplace is more important than ever.

See, this is more than an outward gesture, but can impact a company’s bottom line. Professionals in a diverse and equal workplace are more engaged, attract talent and can spur higher profitability and creativity.

From requiring in-house discrimination and harassment training to making a commitment to building a fairer workforce, here are three effective ways companies are working to create a more diverse and equal workplace.

1. Be Accountable

Lip service and public announcements are nice, but putting those promises into action is where it really matters. Provide a safe space for employees to communicate their feedback or experiences. Establish regular seminars or programs that educate workers on how to be an ally or support their colleagues in the office. Many platforms, including LinkedIn, have free courses and materials to help instill inclusivity as part of the company culture.

2. Take Actionable Steps

Constructive feedback isn’t always easy to receive. But it’s imperative that workers feel safe to not only share their input, but see that it’s being taken seriously. Actionable steps like making donations to organizations is a laudable, effective gesture of showing your company’s commitment to a more diverse workplace. However, smaller strides can be just as impactful. Simply being transparent with how you plan to address any raised issues will go a long way.

3. Build a Diverse Pipeline

Probably the strongest and most important method to moving your company in a more diverse direction: the hiring process. Everything from the word choices in job postings to the type of interview questions asked can result in biased hires. “Blind” resume reviews that eliminate the name, sex or any other identifying factors can help eliminate this. As well as establishing standardized questions and including other employees in the interview process with different perspectives.

For more hiring insights and trends, check out our blog!

 

How to Prepare for a Safe Return to the Workplace

As companies begin cautiously welcoming employees back to the workplace, it’s important both employers and employees are prepared for what that really means. We share key considerations both should evaluate to help provide a safe working environment for all.

For Employers

Monitor and Maintain a Healthy Workforce

For employees to feel comfortable returning to the office, employers should make them feel like their health is of utmost importance. That means encouraging workers to stay home when sick and establishing an open line of communication to discuss health concerns moving forward. Enlist their input when it comes to creating a more inclusive, thoughtful return-to-work plan — and be flexible. After all, guiding your staff openly and empathetically is essential for a successful transition, and can have a positive impact on company culture.

Create Safe Workspaces

Providing employees with distanced workspaces, masks, gloves and other personal protective equipment aligned with CDC health and safety recommendations will enforce the message that you care about your workers’ well-being. In fact, a new product designed to help businesses safely reopen, Collective Go, shows that the use of masks and social distancing can lower the risk of workplace outbreaks to below five percent. Additionally, posting guidelines throughout the space helps reinforce ways for workers to protect themselves and keeps health top of mind.

Minimize Contact

Staggering return dates, incorporating alternating schedules and other strategies for your team can help minimize contact and ease them back into the office comfortably. Continuing with virtual meetings and video conferences — even with everyone in the office — also keeps with social distancing recommendations.

For Employees

Prepare for a Coronavirus-era Office

Work as you remember it is a thing of the past — at least for now. As your get ready for your first day back in the workplace, expect some changes and accept your role in keeping you and your colleagues safe.

Protective Equipment, Social Distancing and More

Many office buildings and employers are requiring employees to wear masks while walking freely in public spaces. While others, taking a more cautious approach, may ask staff to take their temperature at the start of the work day. And touch-less entries, limited elevator rides and sterile workspaces have been adopted in offices throughout the the U.S. But for all of these new safety measures to be effective, employees must do their part to follow them. Wash your hands often, stay six-feet-apart from colleagues and refrain from sharing office materials.

Remain Cognizant of Your Health

The time of work martyrdom is over. If you’re feeling ill, resist the urge to power through in the office and stay home. The health and safety of your coworkers is dependent on it. High-risk professionals and those who are fearful of possible exposure should discuss these concerns with their employer. Many businesses are following CDC and OSHA-recommended guidelines, and are encouraging transparency with workers in discussing health-related matters. In some cases, workers are entitled to protected time off and pay, if appropriate. And employers are more open to accommodating workers on an individual-basis.

For more career advice or help with staffing during this transitional period, contact our recruiters today.

3 Ways to Build Your Network Virtually

Like most things in the last several months, in-person networking events and seminars have vanished from our social calendars. And in their place — well, not a whole lot.

Lucky for us, social distancing measures have reinvigorated our craving for human connection. And professionals are using this time to develop deeper working relationships and grow their nexuses, even if it is digitally. Don’t put your career development on pause, and use these three ways to successfully build your network virtually.

1. CREATE A GAME PLAN

Be intentional with your networking goals. What is it that you’d like to achieve with your new connections? A mentor relationship? Learn a new skill? These are all questions you should ask yourself before seeking new contacts, warm or cold. And remember: be genuine. People can instantly sense when an approach is coming from a self-serving place rather than a mutually beneficial one. Each new message or introduction is a seed that may or may not sprout — and that should be OK with you. But if you’re generous and can offer something valuable in return, people will want to buy into that.

2. TECHNOLOGY IS YOUR FRIEND

Be proactive with your networking efforts by asking to schedule virtual cups of coffee with new contacts. With stay-at-home orders and other isolation measures in place, people are more open to these type of interactions. Busy schedules have cleared and important meetings indefinitely postponed — take advantage of this unique time by developing these relationships now. Pro-tip: Don’t let the meetings be a one-time thing. Make sure to nurture your new relationships with follow-up video chats and continued conversations.

3. GET ACTIVE IN YOUR COMMUNITY

Just because in-person events are no longer an option, there are still various virtual opportunities to stay active in your professional community. LinkedIn is a great platform for finding topical events in your industry, especially with its unique Pages tool that enables users to drive awareness of their online events. Meetup is also a free, user-friendly online service that allows professionals to find the best, most relevant events for them. Embed yourself in the conversation and look out for ways to engage with people following the event. You never know where your next great connection will come from.

Are you looking to grow your career? Submit your resume to connect with our team of recruiters, or browse our blog for more career advice.

 

 

How to Promote Remote Team Bonding

As much of the U.S. settles into the changes brought on by the pandemic, employers are working to adjust accordingly. One area that your business may be overlooking: maintaining a strong company culture.

See, just because your employees are working from home, that doesn’t mean creating a collaborative, inclusive work environment isn’t important. In fact, it’s more essential now than ever to ensure your workers don’t feel isolated. Help promote engagement and remote team bonding with these virtually inspired ideas.

Encourage Water-Cooler Chats

While collaborating with colleagues through email and instant messaging is a common practice in the workplace, encourage your team to reach out to one another for non-work related conversations, too. Strong interpersonal relationships among coworkers breeds trust and results — a sense of unity toward achieving a common goal.

Video Conference, Video Conference, Video Conference

Sure, text communication is valuable and a preferred method by many professionals. But nothing can beat the ease, clarity and comfort of face-to-face conversation — lucky for us, video is pretty close. Schedule routine video chats to touch base with your team, and utilize ice breaker activities to engage your employees. For example, gauge how members of your team are doing by playing a quick round of “Red Light, Green Light” to start the conference. Or, take a page from the past by having each person “show and tell” a chosen item or household pet for a few minutes to kick off the meeting. Any exercise that inspires team-building can quickly dispel feelings of isolation, while getting to the root of potential concerns early on.

After-Hours Fun

Signs of a great company culture can be seen by how the team interacts off the clock, too. Happy hours, group lunches and the like also spur a sense of belonging — and, most importantly, can translate remotely. Free video apps like Zoom are a great place to host virtual meals and drinks. While game-based applications allow users to see one another in a fun, competitive environment. Houseparty is an easy-to-use tool that’s gained recent popularity, allowing players to enjoy games like Quick Draw and Trivia and naturally promotes remote team bonding.

Is your team adjusting to remote work? Check out our blog for more tips and insights.

 

 

10 Best Practices for Handling Criticism at Work

Nobody’s perfect. And at this point in our lives, we’ve had to give and take our fair share of feedback.

But there is an art to its delivery and reception, especially at work. And developing effective ways to get your message across and handle criticism are key to keeping an open flow of communication between you and your coworkers, as well as ensuring the information lands. Whether you’re the messenger or recipient, here are 10 tips to help make the task less painful and more productive on both sides of the conversation.

How to Give Criticism

1. Think about timing:

Something as simple as taking the other person’s head space, schedule and workload into consideration can help make the delivery that more digestible on their end. Pro tip: Ask them if they have time for some feedback. Framing the meeting with this small cue can instantly prepare them for the criticism ahead.

2. Make it commonplace:

Feedback is an everyday part of working with others — treat it that way. Most people want to learn and grow in their roles, and constructive criticism is a key element to developing their expertise.

3. Be specific and use context:

Everyone enjoys a good story from time to time, but the dramatics don’t belong here. Put plainly: don’t amplify or, on the other side, downplay the impact of the person’s actions or work. Clearly explain what you noticed and its effects. If it was a major or minor issue, make sure to portray that accurately and then move on.

4. Pause: 

It’s important to make the conversation a discussion, allowing the other person to respond and react to your feedback. Put yourself in their shoes. Handling criticism at work isn’t always easy, and hearing their perspective may change how you originally saw the situation. It’s a good way to understand where they’re coming from before moving forward on a solution together.

5. Discuss next steps:

So, the person has some work to do. Now what? Take an active role in identifying the key takeaways from your conversation and the next best steps to address them. This shows that you’re invested in their success, and gives them actionable tools to implement.

How to Handle Criticism

1. Go in with an open mind: 

Check your ego at the door, and try to go into the meeting with an open mind. Listen. The intentions of the other person are usually genuine, and the critique is given as a way to help you improve.

2. Be mindful of your body language: 

This includes your physical cues, as well. Relaxing your posture and uncrossing your arms shows that you’re open to what the other person is saying instead of defensive.

3. Don’t take it personally: 

Sometimes handling criticism at work is a challenge because it feels like an attack on you as a person — your value. But by taking a step back and checking in with tips one and two, it’s easier to view the feedback from a different viewpoint. If the person delivering the message is acting aggressive, confrontational or unprofessional, be sure to bring it to the attention of HR or a manager.

4. Ask questions: 

It’s always better to clarify than assume, especially in these type of situations. Don’t be afraid to ask questions to make sure you understand exactly what the other person is saying, and you’re both on the same page. This also shows that you’re engaged and looking to learn from their critique.

5. Follow up:

Scheduling a quick follow-up meeting demonstrates that you’re taking their feedback seriously and are making an effort to improve. If you are unsure of how to address some of their voiced concerns, this is a great time to share your experiences and get their thoughts. It’s also a time to explain your rebuttals if you were unable to initially.

For more career advice and insights, browse our blog!

A Recruiter’s Guide to Finding Your Next Great Hire

CEOs agree: finding the right talent remains one of their biggest challenges. See, a bad hire is costly. There’s the loss of dollars put toward recruitment and training, as well as revenue from having an open position. Surveys by The Predictive Index, XpertHR and Gartner, Inc. each present this challenge in different ways — illustrating the impact the current lack of available skilled talent has on CEOs’ sleep and overall risk a poorly staffed team can pose to a company’s bottom line.

It’s time to get smart about your investment. Lean on recruiting and staffing firms that have their finger on the pulse of the regional talent pool and know which professionals are ready to make a career move. Or, take the time to flesh out the role and type of candidate you envision being the perfect fit. Director of Client Services Jordan Wood shares the best early practices employers and hiring managers should follow to find that next great hire.

1. Appraise the position.

When Wood first starts working with a company, there are key questions he needs answered. The first: why is the position open? This not only gives Wood a better understanding of how to fill it, but is an opportunity for the employer to reflect on the role, as well. If this is a reactive situation and you’re replacing an employee, why did they leave? It’s also a chance for the hiring manager to consider the type of professional they see in the role. Do you want someone with a similar skill set to the previous worker or are you seeking something different? “It’s important to understand how they’re approaching this next hire,” he says. “It opens up a lot of avenues of where to go next.”

2. Establish a process.

Pinning down the hiring process is helpful to both the company and a third-party firm. Employers should know the number of interviews, people conducting the interviews and overall timeline. Temporary and permanent positions tend to dictate the speediness of the process, but should coincide with the ideal start date for either the type of roles.

3. Go beyond the job description.

Detailing the responsibilities of the role, requirements, type of position and salary are all concrete points that should be nailed out early on. But it’s just beyond that where you can really identify your true expectations. Wood refers to it as the must-haves and the nice-to-haves — the skills, credentials and experience that a desirable candidate must or should possess.

“I often ask if there’s anything else not listed on the job description that’s important for the role that they can share with me,” Wood says. Here’s a good place to figure in the company’s culture and work environment, he adds. “Is it fast-paced? Is the environment social or do they just put their heads down and work? That type of information helps us find the right candidate that can work in that specific environment.”

4. Take the call.

There are a few reasons why staffing and recruiting firms are a great solution for companies that find themselves strapped for talent. Staffing firms have access to candidates on a larger scale, knowing which professionals are available and have the background to address a specific employer’s needs. But it takes more than a bullet-point list to yield a successful outcome. In fact, a simple phone call can make all the difference.

“There’s only so much you can cover with a few notes passed back and forth,” Wood says. “I can hit those key points within a short conversation. Those 5-10 minutes can save you a half hour with a candidate that really wasn’t a good fit in the first place.”

Do you need help building your team? Check out our temporary and direct hire staffing services to learn more.

The Value of Investing in a Recruiting Agency

BY: Ron Proul, CEO

This hot, candidate-driven market reminds me of the bubbles of 1989, 2001 and 2007. And just like with those markets, many companies are understandably employing strategies that reduce outside fees. However, many of these strategies end up backfiring, rather than accomplishing the goal of attracting the very best talent.

In Century Group’s new series, CG Recruitment Trends, we’re going to take a look at some of the strategies that we’re seeing clients utilize in order to save on costs. As we demonstrate, it plays out like the classic scenario of saving on costs upfront, simply to pay more later. One such method: investing solely in internal talent acquisition. Unfortunately for these companies, this often does not yield the returns they had hoped for.

The Limitations of Internal Talent Acquisition

In contrast to utilizing a recruitment firm, developing an internal talent acquisition team takes time, is costly and requires talent itself — a Catch 22. Still, many companies choose to make this investment. But the volume of placements an individual or even a few individuals can handle has its limits, and it can become difficult for one person to specialize or develop a truly robust list of candidates. In contrast to internal talent acquisition teams who work with a limited pool of candidates, recruitment firms develop lengthy, up-to-the-minute lists of top-tier talent.

Recruiters Can Access Top-Tier Talent, Fast

As we outline in A Recruiter’s Guide to Finding Your Next Great Hire, recruitment and staffing firms have their finger on the pulse of the regional talent pool and know precisely which professionals are ready to make a career move.

At Century Group, we even pioneered a practice called The Group Concept, where recruiters are encouraged and incentivized to work on searches together. This philosophy ultimately magnifies search capacity as well as results for the client. Recruitment firms will save you cost and uncertainty while optimizing your search’s reach.

Reactive vs. Proactive

Most internal recruiting strategies are reactive — the talent acquisition team can only produce candidates interested in engaging when an opening occurs. Specialist recruiting firms, however, are proactive. Recruiters are constantly developing and refining a target list of talent — talent that represents the best of the market — to be tapped when the appropriate search arises.

When a client’s talent acquisition department says, “We have been looking for this position for months and you produced the candidate within weeks,” it’s indicative of how good recruiting professionals develop a deep talent pool and nurture relationships over a long period of time — maybe even years — so that they are able to immediately match the right candidate to the right opportunity.

The Value Proposition of Recruitment Firms

Many companies think recruiters just sit there passively waiting for the opportunity to send a bill for anyone who can pull from a job board. This common myth is due to the fact that the majority of recruiting professionals don’t adequately explain their value proposition.

At well-established recruitment firms like Century Group, recruiters nurture long-term relationships with skilled candidates and track these candidates throughout their career. Recruiters also have the advantage of being seen by candidates as an objective third party who can bring candidates multiple opportunities, which encourages candidates to engage more with clients.

Consider how a recruiter presents their value proposition when selecting a recruitment firm to work with — it will speak to how well they can negotiate on your behalf. In this market, a recruiter knowing and stating their value is not only paramount to their success in negotiations, it is also crucial to your success in this competitive marketplace. As Malcolm Forbes said, “Too many people overvalue what they are not, and undervalue what they are.”

When companies try to save on recruitment costs by investing solely in internal talent acquisition, the return on their investment suffers when it comes to talent, time and the reach of their job search.

In Part 2 of CG Recruitment Trends, we’ll explore the strategy of reducing fees and markups. Part 3 discusses the troubling trend of “tempnapping” and its detrimental effect on securing the best talent.

Boost Your Career by Developing These 5 Soft Skills

AI can seem like a formidable foe to the everyday employee. For one, artificial intelligence has the potential to increase productivity. Joined with enhanced accuracy and reduced costs, and the future looks progressively automated.

Fret not, candidates. Employers don’t underestimate the soft skills needed for a company to thrive — characteristics that bring value to an entire organization and remain wholly human. Professionals looking to boost their desirability should consider upskilling in the indefinable. Because while technical aptitude and educational backgrounds have their place, developing soft skills like communication and empathy in the workplace will help you through your entire career trajectory — wherever that may lead.

1. COMMUNICATION

Communication skills encompass a few things: active listening, clear, thoughtful speech and an ability to effectively work in a team setting. Simple, right? Not always. The best communicators are often the least verbal. Instead, they choose to let others do the talking and process the information before interjecting with meaningful ideas that move the conversation forward.

For job seekers, proving that you’re able to successfully master these areas must be expressed and emphasized from your cover letter through the entire hiring process. Share examples of how your communication skills have allowed you to complete and collaborate on projects, and be sure to be a present participant during interviews.

2. EMPATHY

This soft skill is important in all aspects of life, but is especially handy in the workplace. Empathy allows us to understand perspectives other than our own, as well as ups our emotional IQ. That way, we’re able to read into certain situations, make adjustments and create strong relationships with the people we regularly work with and depend upon.

3. CREATIVE PROBLEM-SOLVING

Stuff happens. It’s how you respond that matters. Problem-solving is a concept that’s prevalent in our everyday lives, but not always done well. Does a roadblock cause more than a stumble in your productivity or does it generate innovation? Learning to detach from the issue and think free of bias are the first steps to developing this skill.

4. PATIENCE

Practicing patience in an era of instant gratification seems less of a virtue and more of an impossibility. Still, it has real merit in the workplace. A company’s culture is largely based on how its employees communicate and interact with one another. Finding employees that are able to remain level-headed in stressful situations and foster a calm, safe space for collaboration with their colleagues are essential to a building a thriving work environment. It’s also a key indicator of leadership potential — something all companies are on the lookout for when building their teams.

5. ENCOURAGEMENT

Motivation is a powerful thing. And for most, positive reinforcement is just the trick to get people — and ideas — in motion. The ability to influence your peers is a crucial soft skill to achieving results, and helps encourage better output and self-confidence.

Ready to put your soft skills to the test? Check out our latest jobs in accounting, finance, tax and audit and apply today!

The Epidemic of Tempnapping

BY: Ron Proul, CEO

In the last installment of CG Recruitment Trends, we took a look at tactics for maximizing the ROI of your company’s recruitment strategy. This week, we’ll examine a troubling trend I’ve seen emerge in the recruitment industry over the past several years: an epidemic of companies and individual hiring authorities who, to put it simply, try to steal candidates.

With the ready availability of information online, companies have begun to help themselves to candidates after the agency introduction — even when a price and agreement are in place. The direct hire business has a name for this: backdoor hires. In temporary staffing, the American Staffing Association coined the term “tempnapping” in reference to this pervasive trend.

A Likely Story

It always starts the same. The client says we are going in a different direction and the candidate ghosts the agency. Back in the day of fax machines and phone call introductions, tempnapping happened once in a while. You would find out a few months or a year later. The paper trail could be difficult to assemble, but diligent recruiters always got what they were due.

I remember one candidate calling us years later saying, “Remember when I told you that I was leaving my temp assignment for a family emergency? Well, I didn’t. I conspired with your client so that they didn’t have to pay a fee for me.” The candidate intuitively knew it wasn’t right, but the client told the candidate that was the only way they would hire her. The client was a large real estate investment company, but somehow couldn’t afford the recruiting fee. When we asked the candidate the reason she was telling us years later, she said, “I am dying of a brain tumor and I want to have a clean conscience.”

Back in the day of fax machines and phone call introductions, tempnapping happened once in a while. You would find out a few months or a year later. The paper trail could be difficult to assemble, but diligent recruiters always got what they were due.

The Legal and Ethical Ramifications

In the digital age, we don’t need an act of confession because we find out almost immediately. The electronic trail is so easy to follow that when companies do it, I am honestly amazed. In any industry, there is a credit risk. But to have a company outright steal your product or service is shameful. Not only is it strikingly unethical, but as the American Staffing Association attests in their issue paper on tempnapping: in many cases, it is also unlawful.

The ASA points out that, “Merely offering employment to another’s employees is not in itself wrongful…” But if staffing firms are able to show fraud, coercion or other misconduct, the company’s actions can be found to be wrongful in a court of law. In these cases, a company’s efforts to cut costs results in costing them so much more.

Century Group once worked with a national retailer that wanted to hire someone. When we wouldn’t flex on pricing, they took our candidate and referred them to another temp agency that would. Thing is: the company misled the candidate, too. So when her assignment ended, the first thing she did was complain about the company’s ethics, forwarding us the LinkedIn solicitation from the company asking her to go around us. The company’s defense: we could never come to an agreement on pricing for that candidate. Our response: You could always find another candidate on your own. Whatever the justification, this type of behavior by companies is tantamount to shoplifting.

A Typical Defense

Each month, my team at Century Group uncovers one or two of these instances. Many companies don’t deny tempnapping and acknowledge that they owe a fee. But some resort to tactics akin to corporate bullying, threatening: “We won’t use you again if you charge us for this one.” Other familiar defenses we’ve heard: “We hired the candidate for a different position.” Or, my personal favorite, “The person who signed your agreement didn’t have the authority to bind the company.” The candidate doesn’t pay a fee, so it’s very easy for the company to entice them to go along with it in exchange for the benefit of a job.

I still remember the first time this happened to me and how I felt.  A company representative at a large entertainment conglomerate told me, “If you don’t like it, maybe you should get out of the contingency business.” This perception was so prevalent at this particular company that they eventually incorporated a clause in their contract to enable them to backdoor hire. I never worked on another deal there, and I managed to bill millions of dollars without that client.

Knowing Your Value

Ultimately, tempnapping and backdoor hiring are not only unethical — they also can lead to legal proceedings and costly consequences. A respectable recruiting firm will not want to work with a company that condones and entertains unethical behavior. Period. And respectable candidates will not want to work at companies that condone that behavior.

One story illustrates how the best recruiters and the best candidates don’t ever lower their standards. Why? Because they know their inherent value. Years ago we submitted a candidate’s resume for a high-paying investor relations role with a large public company. Upon receiving the resume, the hiring authority said, “I am not paying a fee for this person because someone on my staff knows them.” We let the company and the candidate know this wouldn’t stand, but the company still called the candidate directly to arrange an interview.

A respectable recruiting firm will not want to work with a company that condones and entertains unethical behavior. Period. And respectable candidates will not want to work at companies that condone that behavior.

During the interview, the hiring authority actually used the exact resume we sent them with our recruitment firm’s logo right at the top. When the interview was done and the company extended an offer, the candidate did something so honorable I got choked up when she told me. She said, “Sir, you claim you won’t pay the agency because my former coworker works for you and you already knew about me. But I didn’t know about you until the recruitment agency called me. At first, I didn’t know what to think, but you are actually interviewing me using the agency’s resume with their logo right on top. I can’t, in all honesty, work in investor relations for a company with such an egregious lack of business ethics.” This candidate was very intuitive about the company’s ethics: eventually that company’s CEO ended up in front of Congress for fraudulent lending practices, and his name is still in the news ten years later for the company’s flagrant misconduct.

Bottom Line

The best candidates, as well as the best recruiters, know their worth and never settle for less. In this market, a recruitment professional must select their clients carefully (steering clear of clients with a history of tempnapping and backdoor hiring), explain their value to both clients and candidates and they will be rewarded with a long, prosperous, and fulfilling career.

Why Your Company Should Invest in Professional Development

Competitive compensation is key to attracting and retaining top talent, right? Yes, but it’s not always enough — especially with this new generation of workers.

In a tight labor market, companies must appeal to the candidate on multiple levels. And when it comes to giving millennial employees what they want, a focus on employee development is a must. Take our 2019 Salary Guide, for instance. We found professionals are seeking roles that bring about personal gratification as well as financial, and are more likely to accept a position that provides growth potential and mentorship opportunities.

Here are three reasons why investing in professional development isn’t just a perk for your employees — but can positively impact your company’s success, too.

Increases Engagement and Productivity

This one is obvious: employees who feel stagnant or bored in their role are less likely to be engaged at work. A quick fix is to encourage growth throughout their time with your company. But don’t just take our word for it. According to a 2017 study by Association for Talent Development, companies that invest in professional development “enjoy a 24% higher profit margin” than those that don’t. Another study by the National Center on the Educational Quality of the Workforce showed that a focus on education, rather than equipment, was more effective in increasing workers’ engagement.

Helps Upskill Current Workers

Talent shortage? No problem. A great way employers are sidestepping this issue is by training staff to meet their current needs. Some companies are even letting their employees take the lead on what they’d like to focus on. If you can, include workers on new projects. This provides a challenging change of pace that helps stretch their skill set and inspires new ideas and company strategies.

Reduces Turnover and Attracts Talent

The career game may be all about who you know, but what you know still matters in today’s competitive labor market. And the best way to get ahead? Continue learning. Employers need to invest in professional development or employees will find a company that does. A Deloitte study shows that the millennial workforce is the most interested in professional development, with 71% reporting that they’d leave a company within two years if they’re unsatisfied with how their skills are developing. Employees want to know there’s a path to grow and move up in their role — and highlighting these opportunities when courting a candidate is key.

Brush up on more hiring trends by downloading our 2019 Salary Guide. Need accounting or finance staff? Contact us for your temporary or direct hire hiring needs.