Turnover is known to be the biggest expense to companies throughout the nation. At Aldebaran Recruiting we have one of the highest retention rates you will ever come across for when placing candidates. What’s our secret you may ask? It simple. We listen to our candidates. Money is not the only motivating factor for a lot of the workforce nowadays.
Companies have been making it a point to work on their “Corporate Sustainability”. Corporate Sustainability is a strategy that takes into account how a business operates ethically, socially, environmentally and economically. Successfully working on corporate culture and making a conscious adoption of a company mission make your company appealing to workforces world wide.
Becoming apart of a company that makes a difference and has a reputation of having Corporate Sustainability is what millenials today are looking for. By 2025, millennials will make up three-quarters of the workforce. The needs what they are looking for is important to understand. There has been skyrocketing statics that prove millenials are not motivated by money anymore, they are motivated by culture and change.
What we do here as recruiters at Aldebaran is understand the wants and needs from our candidates and clients. Then we make the match. There is a shift in what the workforce looks for in a company to work for. When shifts happen we adjust and learn new wants and needs.
Why This Matters.
This strategy is more important today than it has ever been. We are caring more about the world as a whole. Even though there is still a lot of destruction going on. Corporations place a major role in politics and world affairs and the actual responsibility is falling more and more on the shoulders of corporations, not individuals.
Gone are the days where corporations can avoid responsibility. In today’s digital age information is traveling much faster than ever before. The smallest mistake can go viral and ruin a company. No longer can things stay hidden or in the shadows, everything is transparent!
Why Does This Matter To Recruiters?
As a recruiter, it’s important to pay attention to the types of companies you recruit for. What do you value? What matters to you? What do you care about? And what do your candidates value and care about. If there is a gap between the answers to those questions and how your clients would answer, you have a problem. Trying to fit a square peg in a round hole is going to get you nowhere.
The better you are able to match candidate values with clients the better fall off ratio you will have. Replacing candidates is a pain. And paying back a fee is even worse! If you are an in-house recruiter the same still applies. Your job is to fill open roles, new roles. It’s not to replace people you recently added to the company. If you are contributing to turnover, this will be seen as a problem.
To learn more about Company Sustainability, check out this great article Why Corporate Sustainability Should Matter to Recruiters.