The most exceptional enterprises build an environment that is conducive to attracting and retaining the right people to help grow their business.
What most people do not know is that it is important to have a separate hiring and retention strategy for every stage of development.
Exceptional companies invest in their employees, nurturing their talent and helping them develop skills to match the demands of the business during each different growth phase.
They will also build strong leadership teams capable of laying the foundations of corporate culture and driving the business forward.
The company should establish competitive benefit plans and incentives tied to key performance benchmarks, and set up a basic HR function to support the business needs.
It is important for the management to identify the next generation of leaders from among the existing workforce, implementing structured development programs to enhance their skills and encourage retention.
The best companies do not lose sight of the values and culture that have served them well. They invest in internal communications to keep the values alive, and seek new hires who demonstrate these values during the recruitment process. Exceptional enterprises link their people strategies to clear business objectives and fill any leadership gaps with experienced, global management to take the business to the next level.
In today’s battles for top talent, it’s important to continue to ask the following questions questions as your company grows.
* Why do our best people choose to stay with us in such a competitive marketplace?
* How can we attract people from market-leading businesses?
* What values underpin our culture, and how do our employees embrace them?
Courtesy: www.forbes.com
