As a CEO, you know that the war for talent is your daily battleground. It's not HR talk, it's the pillar that supports your business. Attracting and retaining the brightest professionals defines whether your company takes off or stagnates, whether it will compete or not. And yet, you often feel that something doesn't fit. You see how the candidates you really want don't arrive, or worse, how your best stars fade and leave. Have you ever stopped to think, in all honesty, what could be going wrong in your own house?
In this new job market, the rules of the game have changed. They are no longer the ones many of us have known and prepared for as managers. The power is now in the hands of talent, and complacency is the biggest risk you can take. High-impact professionals are no longer just looking for a good salary; they are looking for a fulfilling project with which they feel emotionally connected, a place where they can grow, feel valued and feel that their work has a real purpose.
From Servitalent, we talk every day with many companies and managers like you. We see up close those small (and not so small) cracks that prevent the best talent to connect with the companies that need it most. That's why we share with you, because experience is good for this, the 10 possible reasons why you may be struggling more than usual to attract talent your dream team. We invite you to read them unfiltered and think about which ones resonate with you.
You have an incredible value proposition for your customers, right, and for your employees? Your EVP is simply the answer to the question,"Why should I work here and not at a competitor?". If your answer is vague, or limited to "we pay at the end of the month" or something a little more elaborate, don't expect the best talent to be lining up to come in.
Let's be clear: while money isn't everything, it's still a key factor. Offering a below-market salary is the quickest way for a candidate to discard you. Today, transparency is more valued than ever, and a good benefits package (health insurance, flexibility, training) can tip the balance as much as salary.
The work environment is everything. A corporate culture where distrust, excessive control, constant criticism or "every man for himself" reigns is a poison that the best talent can smell for miles. And don't be fooled, news travels fast. A bad review on Glassdoor or a comment in a WhatsApp group can do more damage than a bad marketing campaign.
The best talent are not looking for a job, they are looking for a career. They want to climb, to learn, to become better professionals. If a candidate perceives your company as a dead end, a place to stagnate, be sure he/she will look for another place where he/she can spread his/her wings. Talent management involves offering a development plan.
The phrase "people don't leave companies, they leave bad bosses" is as true as a temple. A leader who does not inspire, who does not communicate a vision, who does not trust his team or who is incapable of managing people, is the main cause of talent drain. Leadership is key to retaining professionals.
We live in the age of immediacy. A selection process that drags on for weeks, with no sign of life, repetitive interviews and no feedback... is an attack on talent. The candidate you are interested in is probably in 3 or 4 other processes. If you make it difficult for him/her, he/she will go with the one who makes it easy for him/her. The candidate's experience is vital.
Your employer brand is what is said about you when you're not in front of it. It's the reputation you have in the job market. If you don't take care of it and build it yourself, others will do it for you. And the story they tell may not be the one you want to hear. Employer branding is essential.
The pandemic has only accelerated the inevitable: people want and need to balance their lives. Companies that are still anchored in the presentism, time control and rigidity of the office are losing the game. Talent today values autonomy, trust and working towards objectives. Work flexibility is a must.
People, and especially the younger generation, need to feel that their efforts serve more than just increasing profit. They want a purpose. If your mission and values are just nice words on the web, but are not breathed in the day to day, you will generate indifference and disconnection. Emotional bonding is a differential.
The job offer is your first hook. If it's a generic task list, full of sound bites and doesn't convey the passion, challenge and real opportunity of the position, it simply won't work. You won't capture the attention of that bright person who isn't looking for a job, but would be moved by a project that blows their mind.
Attracting talent, you see, is no longer a simple numbers game; it's the art of building a company where people really want to be. And that, as CEO, starts with you. It starts with honest reflection and the courage to change what's not working.
We at Servitalent will certainly not be able to change your company at the first conversation, but we will certainly help you reflect. Exceptional talent will always knock on the door of exceptional companies. Are you ready for yours to be one of them?