Now more than ever, we are living in a talent-led economy. Increasingly low unemployment rates, rising retirements and a tightening labor pool have created a candidate’s market. Building a positive candidate and employee experience amid this evolving economy is becoming increasingly critical. Only those organizations that focus on building effective interactions will be able to successfully attract and engage the best and brightest professionals.
It is my pleasure to introduce a guest blogger for this latest post. Kylee Lacson is assistant vice president of Jacobson’s life and disability subject matter experts team. Her insights into evolving actuarial rotational programs are worth a read. Enjoy...
What factors are critical for business success? Financial acumen? Business savvy? Public awareness? While these all provide useful contributions to an organization’s staying power, their impact is eclipsed by one thing—human capital. Employees are the most vital aspect of an organization and its future success.
Employee retention is essential to an organization’s success. High turnover not only hurts your bottom-line, but also damages morale among remaining employees. As the economy grows stronger and job creation continues to accelerate, workforce retention is becoming more and more important. The quit rate is quickly approaching levels not seen since before the economic recession. Thanks to renewed confidence in the labor market, employees are seeking new opportunities in order to advance their careers.
So, you’ve purchased the extra laptops, invested in remote workspace technology and developed a flexible work schedule. You’re all ready to take a step back and let your organization’s telecommuting program take off, right? Wrong.
Simply putting the technology in place and enabling your employees to work at home will not automatically result in a productive business. In order for your flexible work initiative to be successful, your organization requires effective and engaging management. With team members in and out of the office, it is extremely important that leaders create a sense of connectivity and comradery.