Employer of choice?

In today's competitive job market, attracting top talent with the right personality (not only the relevant skillset) isn't just about offering a hefty paycheck, stock options, flex work and/or a nice company car. It's about creating an environment where employees thrive, feel valued, and are enabled, empowered and inspired to contribute their best. This sentiment hit home when a top candidate chose to join Workday over more financially enticing offers elsewhere. It sparked a reflection on what truly makes a company an employer of choice.

Here are some crucial questions every organization should consider:

Listening and Acting on Feedback:

• Do you actively seek feedback from your employees?
• Do you take actionable steps based on that feedback?
• Do you do this once per year or frequently and share this with your teams?

Investing in Talent Development:

• Is talent development a priority for your company?
• Do you offer personalized training programs tailored to individual needs?
• Can your employees access these learning from anywhere?
• Do you monitor participation and progress?
• Do you know your top talents internally?

Ensuring a Positive Onboarding Experience:

• Do you provide a seamless and engaging onboarding process ?
• Do you support this fully digital, via mobile devices?
• Does it look appealing, simple, modern to your new employee?

Fostering Career Growth:

• Do you conduct regular Career Talks and provide clear objectives for growth?
• Are development areas identified and supported?
• Do you offer mentoring, coaching programs?
• Do you offer personalized career progression paths?
• Are your employees' skills being captured & enriched digitally?
• Job Opportunities are being automatically matched to career interests?

Ensuring Fair Compensation:

• Do you ensure fair and adequate compensation for your employees?
• How do you assess and benchmark your compensation strategy?

Anticipating Future Skill Needs:

• Do you have a clear understanding of the skills your company needs?
• Are you proactive in addressing skill gaps through training and recruitment?

Providing Modern Infrastructure:

• Do you offer modern tools and technology to your employees?

Offering Real-Time Feedback and Recognition:

• Do you provide regular feedback ?
• Do you recognize employees' contributions?
• Are compensation and benefit details easily accessible for employees?

...

Beyond these points, there are additional factors that contribute to becoming an employer of choice, such as fostering a great company culture, having a compelling strategy, a nice office (or isn't this relevant anymore in the post covid times), an attractive brand (people feel emotionally attached to), and offering significant growth opportunities in the market.

In conclusion, being an employer of choice requires a holistic approach that goes beyond monetary incentives. It's about creating an environment where employees feel valued, supported, and empowered to grow both personally and professionally. By addressing these key questions and continuously striving for improvement, companies can position themselves as top destinations for talent in an increasingly competitive landscape.

And the good news, Workday enables you to become an Employer of Choice. This is what we have done for > 10.500 Companies Worldwide. Many companies suffer under a shortage of talent. So ask your question, why should a great talent join your team? What do you offer to him/her?