HOW CAN YOU ATTRACT AND RETAIN TALENT FOR YOUR BUSINESS?

There is no need to mention the fact that 2020 through 2021 was a challenging time in human history, just the changes & challenges the Staffing industry alone has faced were great. Many businesses spanning across different industries have overcome these challenges by facing some important lessons head-on and making the necessary changes to attract and retain great talent.

On that note, what is the feeling in the industry right now around salary increases, sign-on bonuses, and other incentives? After all, it is a talent market right now. What is your business doing to improve on your offerings?

Here are a few things we have noticed from our clients at Business Centric Technology.

·??Condensed interview processes so the turnaround time is faster to extend an offer to the candidate.

·??Clients are making offers well over the submittal salary, so as to ensure an acceptance from the talent.

·??Sign-on bonuses and relocation funds are happening more frequently.

·??Clients are also offering long-term incentives; this is an effective way to retain top-notch talent.

·??The client is more forgiving right now on things that would have previously been a deal-breaker. Some examples are resume gaps, COVID layoffs, health issues, childcare/schooling issues, etc.

·? Most businesses also have specific and strategic internal initiatives to grow and develop their internal talent and, train new hires if they are lacking in an area.

These are just a few of the ways our clients are obtaining and retaining highly skilled individuals for their company's Technology departments.

“Recently, we placed a Privacy Analyst with a Fortune 500 company here in Dallas-Fort Worth and the candidate's base salary offer was 90k and the 60k LTI (Long Term Incentive) was offered over a 2 year period. The LTI was a big surprise to us and the candidate! Needless to say, the candidate happily accepted.”

Danielle Foppe, Recruitment Manager @ BCT