attracting and retaining talented employees pdf

Firms also use technology to drive feedback to applicants and carry them along on their interview status. Nearly three times as many organizations are having difficulty attracting employees compared with last year, while four times as many are having difficulty retaining employees. What firms leverage on to attract talents in Lagos, Extent to which respondent agree or disagree with below techniques in attracting and recruiting quality talents. "We were losing about 1 out every 5 IT employees. Techniques such as the use of social media, traditional media, online interview, physical interview have proven to help in selecting quality talents. Confirm your subscriber information and enter your password. 121-128. Increasing starting salaries and base pay, Increasing training and career development opportunities. World Population Review (2020), available at: https://worldpopulationreview.com/world-cities/lagospopulation. and Farrer, L.M. Understanding matching patterns and determinants of attracting quality talents is an under-researched area, especially from a firm perspective. +Am@*- \Z]vP `=TP 1"U O,9Y:Z$Hv/A,GIs$TFOC% T` ` 1# czEP=KL%M0 Retaining employees has also been challenging. Help your workers shape their learning and long-term contributions for the better. Employee Perks to Attract and Retain Talent - Gympass What areas are you finding most challenging right now? In the same vein, you can ensure employees actively apply what theyve learned by putting together a plan for improvement whether that means creating clearer deadlines, helping them better manage their time, or thinking through difficult problems when they arise. (2015), The impact of reputation and identity congruence on employer brand attractiveness, Marketing Intelligence and Planning, Vol. the challenges and opportunities of social media, Business Horizons, Vol. Silva, P.C. We apologize for the inconvenience. However, many employers of labour lament that they find it difficult to fill vacant roles (Eneji et al., 2013; Longe, 2017). Human Resource Management, Social Innovation and Technology Advanced Series in Management, What is the future of employer branding through social media? Remember, safety is necessary when confidence is low, but pushing employees to the edge of discomfort results in real development. Just like a business must understand what its customers need to produce the most impactful products, managers must understand what their team members need to create the most valuable learning opportunities. <> 84-92. Adom, A.Y. Access more than 40 courses trusted by Fortune 500 companies. Attracting and retaining highly talented employees and to consolidate competitive advantage is an important issue for companies in all scales around the world. However, 29% include salary range in calling for application. Marshall, M.N. (2016), Social media in employee selection and recruitment: an overview, in Landers, R.N. These moments can be significant or small, but engaging employees in this way is key to helping them step outside their comfort zones, practice, and build confidence. Some of . Recruiters believe that the social media platform is a good technique to attract suitable candidates. Talent management seeks to attract, identify, develop, engage, retain and deploy individuals who are considered particularly valuable to an organisation. Losing a talented employee can end up being very expensive. PDF Winning the War for Talent: Modern Motivational Methods During this time, be patient. and Oyelere, R.U. PDF 5 Ways Employers Can Attract and Retain Latino Millennials (2017), Online recruitment: feasibility, cost, and representativeness in a study of postpartum women, Journal of Medical Internet Research, Vol. All rights reserved. Just like a business must understand what its. Clemens, J., Kahn, L.B. Those that dont risk getting left behind in their ability to get and keep talent. (Eds), Social Media in Employee Selection and Recruitment: Theory, Practice, and Current Challenges, Springer, London, pp. 4, pp. HBR Learnings online leadership training helps you hone your skills with courses like Developing Employees. This study is underpinned by network theory, equity theory, social exchange theory and resource-based theory. Many human resources manager leverage on relationship with colleagues and social networks in the bid to attract quality talents. 2, pp. Indeed, many of such criteria have barred many from being considered in the selection process. Greater focus on improving the employee experience is most likely to become permanent (78%). But do so at your perilinvesting in talent management, or the way that your organization attracts, retains, and develops its employees (sometimes referred to as "talent" or "human capital") can give your company an edge. It provides trends in cost and plan design and looks at employers strategies for managing cost and supporting employees -- and how they have responded to the pandemic. The paper leveraged on mixed methodology. 2, pp. The network theory is useful in this study to address the issue of how firms in Lagos relate and network with the business environment to make use of the available recruiting channels through social networking for them to source and recruit quality talents. 102-127. Are you giving your employees enough opportunities to learn? The population cuts across all the diferent sectors and industry as a cross-sectional approach was taken to the survey using simple random sampling to provide equal opportunities to all Human Resource managers across all sectors within the membership base. 527-561. SB@NJ/Iz|z4Wzzz=wvn^zHw7hx{bX~E{ud8nr|n,wMY{5~5O?Kw_bpa#fnUY7v_uynsskz4;U}EEQ!-07` iW`v8v Y1p?OfN{o|tjz57m_ H%oOmq#O$[ ?0C For this reason, firms engage in social exchange. This is part of the challenge firm faces in attracting and retaining quality talents. Its time for leaders to open communication channels and address each employee personally. Tracking personal metrics is also a helpful way for employees to measure performance and growth on their own time. (2018), Value added tax (vat) and economic development of nigeria: a case study of Lagos state metropolis, doctoral dissertation, department of accounting, faculty of management science, National Open University of Nigeria. : 9>Vs} z\)/rlwA zM. Greater transparency in wage and benefit information disemination should encourage to reduce exploitation of employees at all levels. Roughly the same percentage of employers (70%) expect the difficulty to persist in 2022. 2 No. 5, pp. 1-4. Aloysius, O.I. Also, digitisation is a key strategy leveraged on attracting and recruiting quality talents. Declaration of interest statement: The authors declare no conflict of interest. In the competition to attract and keep skilled workers, a culture of recognition can be a dramatic game changer. Nearly one-third of that turnover was attributed to unsupportive management and a lack of development opportunities. 3 No. Opinion: Employers need to prioritize employee mental health if they the challenges and opportunities of social media, Role of integrated talent management processes in competitive advantage of telecommunication firms in Nairobi city county, Kenya, Social media in employee selection and recruitment: an overview, Social Media in Employee Selection and Recruitment: Theory, Practice, and Current Challenges, Online recruitment: feasibility, cost, and representativeness in a study of postpartum women, Employer image and employer branding: what we know and what we need to know, Annual Review of Organizational Psychology and Organizational Behavior Contents, Graduate unemployment in Nigeria: causes, consequences and remediable approaches, American International Journal of Contemporary Research, Exploring HR practitioners perspective on employer branding and its role in organizational attractiveness and talent management, Time for a ceasefire in the war for talent, Global migration of talent: drain, gain, and transnational impacts, International Scholarships in Higher Education, Effects of e-recruitment and internet on recruitment process: an empirical study on multinational companies of Bangladesh, International Journal of Scientific Research and Management ( Management), The challenge of obtaining a decent work environment in Sub-Saharan Africa, Africa and the Sustainable Development Goals. The roles of employment processes in organizational image in insurance organistions in Nigeria: employees and community perspectives, Australian Journal of Business and Management Research, E-recruitment: practices, opportunities and challenges, European Journal of Business and Management, E- recruitment: practices, benefits and challenges, Journal of the Institute of Personnel Management of Nigeria, Understanding the factors influencing the take-off of online freelancing in Sri Lanka, Applicants' perceptions on online recruitment, Managerial Challenges of the Contemporary Society. Strategic Research - MercerInsight Community, Wealth managers & financial intermediaries, Employee benefits strategy and consulting. While the professionals typically talk and engage with each other and share information around compensation and benefits; therefore, the firms are not always this cooperative as they compete for the scare talents (Chunyan et al., 2015). Special thanks to Owolabi kayode, Esther Ezemba, Charles Orakwe and Dr Omolara Morounkeji Faboya for their support and contribution towards the research. and Kinange, U.M. Organizations that flex their short-term approaches, while considering long-term implications, and take action now will be those best positioned to compete in the future. Attracting and Retaining Talent in the Automotive Industry 2 A significant number of current employees are nearing retirement, the industry overall has an image problem, the variety of skills needed is broader than ever and competition is fierce from tech companies that have an inherent 'cool' factor. 99-120. Employers have also instituted greater workplace flexibility (61%) and increased their geographic area of recruitment (58%), along with a greater emphasis on improving the employee experience (53%), in order to attract employees. Adewale, O.P. Respondents were asked to evaluate the impact of the technique in attracting and recruiting quality talents, the result is presented in Table 5. (2009), Justifications for qualitative research in organisations: a step forward, The Journal of Online Education, pp. You could take this opportunity to create a learning moment. This might look like role-playing a tricky conversation or writing down a step-by-step plan of action. 1, pp. Employees want to work at companies that understand their needs and make them feel valued and appreciated. One of the most critical issues facing organisations is how to retain the employees that they want to keep. Tuition reimbursement policies are most likely to become permanent (90%). We used structured interview with open-ended and closed-ended questions and interviews with key informants from the demand side for labour. 2 No. (2005), Social exchange theory: an interdisciplinary review, Journal of Management, Vol. Adetunji, O.J. Software have now been a veritable tool in the screening of applicant (Omolawal, 2015). End of main navigation menu. 3, p. e61. 247-282. Most human resources managers are concerned about whether their outcomes meet their original objectives, but unfortunately, some many firms do not formally appraise recruitment efforts (Breaugh, 2009; Carlson et al., 2002). Respect Among software being used are HR software, Application Tracking System (ATS), web 2.0 Artificial Intelligence (AI) among many others. 2, pp. Now, it's about 1 in 10 or 1 in 12," he says. Challenges in attracting and retaining talent expected to continue - WTW 52-57. Classroom-style training is a stellar foundation, but it can lose its effectiveness if it isnt applied readily. (1995), Psychological Contracts in Organizations: Understanding Written and Unwritten Agreements, Sage, Thousand Oaks, CA. It might seem impossible to offer every employee this kind of personalized training, but any company can do so at scale when managers create a learning environment. 1) Start by asking more questions to gain insights on employees. Are recruited talents productive and capable of improving performance? Bouton, K. (2015), Recruiting for cultural fit, Harvard Business Review, available at: https://hbr.org/2015/07/recruiting-for-cultural-fit. 107-120. https://doi.org/10.1108/RAMJ-05-2020-0016. Lagos accounts for 80% of the value-added growth in Nigeria's manufacturing sector and generates 65% of Nigeria's value added tax (VAT) (Central Bank of Nigeria 2017). 155-164. 1, pp. It is a valuable weapon for an organisation that has workforce of good quality talent (Tlaiss et al., 2017). 1, pp. 1-5. (In fact, theyre probably kicking themselves already.). Bondarouk, T., Rul, H., Axinia, E. and Arama, R. (2013), What is the future of employer branding through social media? Firms which are unable to attract the best talents have issues with productivity and output. Collaboration benefits the business and the employees. This means leaving your laptop closed and taking notes the old-fashioned way. once employees consider leaving, 42% said they might have stayed if their employer had done something. Perampalam, S. Galpaya, H. and Senanayake, L. (2017), Understanding the factors influencing the take-off of online freelancing in Sri Lanka, Available at SSRN 3097564. 22 No. Chunyan, X., Bagozzi, R.P. With an increasing rate of unemployment in sub Saharan Africa (Abraham and Nosa, 2018; Ihensekhien and Aisien, 2019), and a focus on decent employment (Moen et al., 2020), the effort of all stakeholders in the labour market is worth exploring. Let us know how we can improve or how we can help you. Among the respondents, there are divergent opinions about job title as a core factor in attracting and recruiting quality talents, for instance, 36% agreed, 41% disagreed, while 22% are uncertain of the importance of job title as a factor to leverage on in attracting and recruiting quality talents. Employer branding is mainly helping to find the right talent and retain the existing employee to create loyalty of the organisation. Lievens, F. and Slaughter, J.E. Retaining Talent Now that you have hired a talented employee, you must make sure that he/she will not leave. Specifically, the paper throws light on how firms use different recruitment channels for hiring workers, and how the use of these channels affects the quality of matches. Different roles have a range of rate per hour or per year. Moen, B.E., Nyarubeli, I.P., Tungu, A.M., Ngowi, A.V., Kumie, A., Deressa, W. and Mamuya, S.H.D. stream Denscombe, M. (2008), Communities of practice: a research paradigm for the mixed methods approach, Journal of Mixed Methods Research, Vol. 5) Manage your time. 795-817. Because the other employee has had more practice in this area, a lunch and learn would not be as valuable for her. 270-283. Also, Chabra and Sharma (2014) opined that determinants of workplace attractiveness such as compensation, career opportunities, nature of the job and corporate culture should be communicated by the employer brand to enable organisations to attract, engage and retain talents. How to Attract and Retain Top Talent - businessnewsdaily.com Support and challenge your direct reports to help them reach their potential. Unemployment and output growth: evidence from upper middle-income countries in Sub-Saharan Africa, The Journal of Abnormal and Social Psychology, Corporate social responsibility as a recruitment strategy by organisations, International Review of Management and Business Research, Value added tax (vat) and economic development of nigeria: a case study of Lagos state metropolis, department of accounting, faculty of management science, National Open University of Nigeria, The role of commission-based pay on employee retention in the Ghanaian banking industry: the case of GCB bank limited, Africas Public Service Delivery and Performance Review, AI in talent acquisition: a review of AI-applications used in recruitment and selection, Exploring university and industry perceptual meaning of employability skills among Nigerian graduates, International Journal of Educational Science and Research (IJESR), Fundamentals of Human Resources Management, Small Firms and Employment, Employment in the Small Firm and the Labour Market, Firm resources and sustained competitive advantage, Resource-based theories of competitive advantage: a ten-year retrospective on the resource-based view, Opportunities and challenges of e-recruitment, Journal of Management Engineering and Information Technology.
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