Latest Posts in Talent
Experiencing a stressful day or week at the office is no picnic. If you’re like me, you wish there were better coping mechanisms during those inevitably busy times at work. Ironically, I had been coming across the word “mindful” on many occasions, so I took it as a sign to do some research on the topic to find out if it could possibly be used as a stress-reducing tool. What I found was very conclusive evidence that mindfulness is a powerful technique to use for stress reduction and overall wellness.
There are many companies who stand out when it comes to employer branding. Those who deliver a dynamic, consistent experience to employees are more likely to develop and benefit from a strong employer brand. Organizations with a well-established and respected employer brand will find it easier to both attract and retain top talent. Representatives from EDSI had the pleasure of meeting an employer branding standout – Barton Malow – at the Metro Detroit 101 Best & Brightest awards ceremony.
You’re standing in an art gallery filled with paintings. What draws your eye toward a particular canvas? It might be the vibrant colors or the naturistic scene … but something makes it stand out, right? Believe it or not, it’s similar for talent acquisition – you must find your own unique way to stand out if you want to be noticed by the best job candidates.
Corporate culture. It’s like a magnetic force that pulls talent toward your organization. Is your pull strong or weak? In all seriousness, though, it’s a hot topic in the war for talent. Economists note that when the economy is thriving, employees have more bargaining power, which leads to more competition in the job market. Because of this, many companies must take a closer look at their culture as a primary way to attract and retain employees.
In today’s competitive talent marketplace, your employer brand is crucial in helping to attract the right people to your company. When making a decision on where to apply for a job, 84% of jobseekers say the reputation of a company as an employer is important.
You may be wondering, when is the best time to begin thinking about a Succession Plan? As the tried-and-true saying goes, “Don’t put off tomorrow what you can do today.” An astounding 58% of small business owners have no succession plan, according to a 2017 study of 200 privately held businesses, conducted by Wilmington Trust. The last thing any business owner wants is for an unexpected tragedy or unplanned scenario to happen which then forces someone who is not prepared to take over. With no structure or plan in place, the new leader is destined to struggle and likely fail.
When it comes to succession planning, thoughtful consideration is imperative in helping businesses remain viable. Review these common mistakes and the suggested success strategies to save yourself and your company from lost profits and leadership woes, and watch the video included!
Did you know 60% of 2nd generation family business owners fail? For 3rd generation owners, it goes up to an astonishing 90%! It goes without saying that deciding whether or not to pass the baton to the next generation requires thoughtful consideration. If you’re wondering how to determine if a family member is the right person for the role you need them to take over, read these success strategies for more insight, and watch the attached video!
The best thing you can do to keep your top talent happy is to engage in a bit of reverse psychology. The topic of talent retention is mired in language about having, keeping, holding, and preserving. To retain something means to hold onto it. But after you’ve “captured” a person, so to speak, the goal is to set people free to do what they do best and watch your business thrive.