Tight labour market: let’s rethink
Recruiting is a topic of particular interest today. Let us put this in a bigger picture: Malta has an unemployment rate of four per cent, leading to a tight labour market, and the nature of work is changing.
Recruiting is a topic of particular interest today. Let us put this in a bigger picture: Malta has an unemployment rate of four per cent, leading to a tight labour market, and the nature of work is changing.
We’ve all read, heard and, hopefully, taken on board, the concept that training our employees is a crucial aspect of employee engagement, gaining a competitive edge; and business success and continuity.
On an annual basis, in June, many businesses in the UK participate in a nation-wide event ‘Bring your dog to work day’. The main scope behind this event is to raise money for animal-welfare charities, dogs in particular.
Our understanding of community management has been restricted to managing our relations with our customers on our social media platforms.
Everyone looks forward and expects a pay rise throughout the year. That simple increase to an employee’s salary is the result of a delicate process called a pay review.
Another way of attracting new employees and retaining your top, experienced talent is by providing an attractive employee benefit package.
Often than not, employers tend to consider annual leave as an inconvenience. However, if planned and managed well, annual leave can have positive effects on the company and its employees.
High staff turnover causes negative morale at the office. Demotivation and disengagement kick in, affecting the relationship with your customers, which will eventually affect your turnover and profit margins. All this leads to a serious negative impact on your company culture and also on your company’s reputation.
I was recently at a client and we discussed the importance of having a proper pay structure in place. The director explained that in today’s job market, they do not necessitate having one in place as they are constantly scrambling to pay more to entice prospective employees and/or retain their people.
Think of each and every job applicant your organisation has had over the years and consider how you handled each and every one of them. Did you ensure that the job applicant’s first impression of the company was positive? Was the experience of those who were not employed positive too?