It’s true – everyone needs a job. But what makes a great place to work, and turns a place of employment into a space where people are happily engaged in things they love doing? What are the magic ingredients that attract top talent and help businesses to retain all-star teams?
Naturally, this is quite a complex question, and the full answer will differ from one jobseeker to the next. However, certain common denominators differentiate great places to work from their more 'average' counterparts.
Here are a few universally accepted characteristics that make a company a great place to work for just about any human:
7 Ways To Make Your Business A Great Place to Work
1. Hire The Right People
Hiring for cultural fit is the first step to building a great workforce. An AI and Machine Learning recruitment platform can help you to identify suitable candidates, reduce the cost of acquisition, decrease time to hire, and lower employee churn significantly. By matching people to positions at scale, businesses are able to make better, faster hiring decisions at signiﬁcantly lower costs.
Ideally, you want to offer candidates the opportunity to interact with your fully branded career portal. This so that they can learn about your business, apply for opportunities, and be part of a fair, consistent recruitment process with fully customisable candidate scorecards.
With a platform like &team, this is only the start - there are so many other functions that will help you find the right people.
2. Onboard Them Effectively
Organisations with a standard onboarding process experience 50% greater new hire retention and a 25% decrease in employee turnover overall. Investing in a workﬂow-driven platform provides a consistent onboarding experience and creates more productive employees faster. This makes it much easier to give your new recruits a taste of a great employee experience right off the bat.
3. Provide Them With the Tools They Need to Succeed
A great place to work is one where you have access to everything you need to get the job done well. These days, this means that your company should have a streamlined digital workspace and friction-free HR ecosystem that smoothes the way for optimal productivity.
4. Set Clear KPIs
Set your employees up for success by providing them with clear KPIs, or key performance indicators. These serve as goalposts that guide the way to operational efficiency. After all, it’s much easier to bring your A-game if you know what is expected of you.
5. Check In With Employees Regularly
Ongoing feedback is absolutely vital if you want your company to be a great place to work. We’re not only talking performance reviews either. While performance reviews are a good way to ensure that employees are settling in well and have everything they need to do what is expected of them, there is another side of the coin. Namely, employee surveys.
If you want to keep tabs of workforce sentiment, it helps to ask them what’s cooking every now and again. Understanding your organisation’s health doesn’t happen once a year. It's determined by asking the same questions regularly and analysing the trends.
An automated survey platform that measures employee happiness can help employers identify areas of concern and make data-driven decisions. This way, you can address any underlying issues before you lose good employees to preventable situations with the help of automated, repeatable surveys that deliver huge impact.
6. Pay People What They Are Worth
When it comes right down to it, you cannot make up for poor pay with pizza parties and foosball tables. Offering market-related salaries is key if you want to get the best people. Although some job seekers are willing to settle for something slightly under their pay grade if there are other perks (e.g. flexitime, or ongoing learning opportunities) involved, their main focus is to meet all their financial obligations.
7. Recognise & Reward Good Work
Never underestimate the power of recognising and rewarding hard work. For recognition to be effective, it has to be frequent and timeous. As such, it helps to weave it into your day-to-day workplace culture and to encourage peer-to-peer recognition. A daily stand-up meeting with a time slot for on-the-fly kudos is a good way to start.
There are great SaaS-based tools available these days that make it very simple to tie recognition and reward to your company ethos and business goals. This is a great way to ensure that you encourage and promote behaviours that will make your team more productive and efficient in the long run.
If you want your company to be a great place to work, start with the basics. This includes hiring the right people, onboarding them effectively and providing them with the tools they need to succeed. Provide clear KPIs, check in with your team regularly, pay people what they’re worth, and recognise hard work.
With these building blocks in place, it becomes that much easier to keep your star players on the team.