As the economy and workplace change, staffing and human resources needs change as well. Retained search has always been a challenge for businesses, and with the job-hopping millennials making up a large section of the workforce, it has become more important than ever. Staffing for start-ups, and diversity and inclusion are also hot-button issues for the new economy. In each of these areas, businesses can benefit from advice from HR consulting and executive search firms.
Retained search for a job hopping generation
Retained executive search has always been a challenge for human resources departments. In an economy where people change jobs frequently as a matter of course, it becomes a major concern. In 2015 alone, as many as 2.7 million workers changed jobs. That’s a 25% increase from just two years ago. A 2016 Gallup poll called Millennials the “Job Hopping Generation,” given to changing jobs more than any other generation. As many as 60% of them are open to new job offers at any time.
Studies show that new hires fails most often when there is a mismatch between skills and job requirements and when job expectations are not clearly defined. On boarding programs can help new hires to negotiate these issues while finding their feet in a new environment. Executive search firms can also provide other career services like executive coaching, leadership development, and succession planning.
Staffing for start-ups
Making the right hires can be an issue for all businesses, and occupies everyone from CEOs to hiring managers. For start-ups, finding the right hires can be crucial. Outsourcing their talent acquisition needs to an executive search firm can help them build their team while staying focused on business objectives.
HR search professionals have wide experience in the field of retained executive searches, for all kinds of businesses from Fortune 100 companies to start-ups. They have industry-wide networks to draw upon in finding the right person for each job. For start-ups, they can help build scalability at the outset. For all businesses, but especially for start-ups, outsourcing HR and staffing needs allows staff to focus on core tasks like growing market share.
Diversity and inclusion
Diversity and inclusion are major concerns for the new workplace. They’re not just catchwords or requirements on a checklist. Studies have shown that diverse workplaces are more productive and consistently outperform their less diverse counterparts.
Researchers from McKinsey’s found that ethnically-diverse companies outperform less-diverse counterparts by 35%, while gender-diverse companies do so by 15%.
In a new economy and work landscape, human resources and staffing concerns are changing as well. Retained search is more important than ever for a generation that changes jobs frequently, as a matter of course. Staffing needs for start-ups, and creating a more diverse and inclusive workplace are newer challenges. In handling all of these concerns, many businesses find that it helps to outsource their talent acquisition and other HR and staffing needs to an outside executive search firm. Executive search companies have the experience and networks necessary to find the right person for the job.