In 2024, one the challenges we came across was companies setting expectations that just didn’t match up with the salary they were offering. A lot of businesses were expecting candidates to take on critical roles, but the salary they offered just wasn’t the right salary for the job.
This wasn’t a small problem, it had real consequences. In fact, in our searches last year, 22% of candidates who had the right experience, skills, and values didn’t move forward because the salary wasn’t competitive enough.
What Does That Mean?
It meant those candidates were either already making more, were offered the same, or just didn’t see a big enough increase to make a change.
22% might not sound like a lot, but that’s still a pretty significant group of people who could have been a perfect fit and helped push the business forward. And while money isn’t the number one reason people look for new opportunities, most people expect at least a 10% increase when they move into a new role, especially those who are not actively looking.
Why the Right Salary Still Matters
While it’s true that money isn’t always the top reason someone looks for a new job, salary does play a big part. Most people expect a 10% to 20% increase in salary when they make a change. It’s a reflection of their experience, skills, and the value they bring, and it’s important that the salary reflects that.
It’s Not Just a Job; It’s a Career
People aren’t just looking for another job, they’re looking for a career. They want to grow with the company, make an impact, and be part of something bigger.
As an employer, it’s important to show candidates that your company is a place for long-term growth, not just a stepping stone. But for that to happen, you need to recognise their value and offer the right salary. When employees feel valued and are paid what they’re worth, they’re more likely to stick around and put in the effort to help the business succeed.
Investing in Employees: A Win-Win
When you invest in your employees, by offering the right salary and giving them opportunities for growth, it benefits everyone. Employees who feel recognised and well-compensated are more motivated, loyal, and dedicated. They’ll be the ones helping your business grow and succeed year after year.
So, if you want to keep people around for the long haul and build a strong future, make sure you’re investing in them in a way that makes sense. Pay them the right salary, show them you care, and they’ll give that back to you in a big way.
If you want people to invest in your company for the long haul, you need to invest in them too.
Strategies for a Healthier and More Productive Workplace
In any organisation, the mindset of the workforce plays a crucial role in shaping the culture, productivity, and overall success of the business. Fostering positive thinking is not just about boosting morale, it’s about creating an environment where employees feel valued, motivated, and empowered. When positivity is encouraged, individuals are more likely to collaborate, engage in problem-solving, and contribute to achieving organisational goals.
Here are some effective strategies to promote positive thinking among your workforce:
Lead by Example: Be the Model of Positivity
As a leader, your attitude sets the tone for the entire team. If you approach challenges with optimism, demonstrate resilience in the face of setbacks, and focus on solutions instead of dwelling on problems, your employees are likely to follow suit. Positive thinking is contagious, and employees look to leaders for guidance. A positive leader not only sets the right example but also inspires others to embrace a constructive mindset.
Promote Open Communication and Active Listening
Encouraging open communication can significantly improve the atmosphere in the workplace. When employees feel that their opinions, ideas, and concerns are heard and respected, it boosts their sense of value and engagement. Active listening, where you truly focus on what the other person is saying without interrupting or judging, can go a long way in fostering trust and optimism. It creates a space where people feel comfortable expressing themselves and can contribute positively to the team dynamic.
Recognise and Celebrate Achievements
Celebrating milestones, both big and small, can fuel positive thinking within the team. Recognising achievements, whether it’s reaching a project goal, improving team performance, or simply maintaining a positive attitude, helps employees feel appreciated. Acknowledgment boosts morale, encourages continued effort, and reinforces the idea that positive behaviour is valued.
Consider implementing regular recognition initiatives, team celebrations, celebratory posts on your socials to highlight individual and group accomplishments. This not only reinforces a positive outlook but also motivates employees to strive for more success.
Encourage Personal Development
When employees are given opportunities for growth, they feel more confident in their abilities, and this confidence contributes to a more positive work environment. Encourage training sessions, workshops, or access to courses that align with their professional and personal interests. Promoting personal development shows that you care about their growth, not just their output, and it can help employees maintain a more optimistic outlook about their future within the company.
Foster a Supportive Work Environment
A supportive workplace culture promotes positivity. Encourage collaboration and teamwork, where employees can rely on one another for help, advice, or encouragement. When people feel supported by their peers, they are more likely to maintain a positive attitude even during stressful times. Additionally, promoting work-life balance and ensuring that employees have access to resources that support their well-being, such as mental health programs or wellness activities, can also boost overall morale.
Focus on Strengths Rather Than Weaknesses
Encouraging positive thinking means focusing on what employees do well, not just areas where they need improvement. Strengths-based feedback is empowering and helps employees build confidence in their abilities. Recognising and nurturing their strengths can encourage them to take on challenges with a more positive, can-do attitude.
When managers emphasise the positives, it reduces feelings of inadequacy and helps employees approach tasks with greater self-assurance. It also helps build a growth mindset where failure is viewed as an opportunity to learn rather than a setback.
Promote a Culture of Gratitude
Gratitude has been shown to have a profound impact on mental well-being. By encouraging employees to express gratitude for their colleagues’ efforts, you foster a culture where positivity flourishes. Simple acts like saying “thank you” or sending appreciation notes can make employees feel valued and enhance the overall workplace morale.
Incorporating gratitude into daily routines, whether through team meetings or informal interactions, can help create a supportive and positive atmosphere that encourages everyone to focus on what’s going well rather than what’s not.
Provide Flexibility and Autonomy
Offering employees flexibility and autonomy in their roles can have a significant positive impact on their mindset. When individuals feel empowered to make decisions about how they work, they tend to have a more positive outlook on their jobs. Trusting employees with responsibility and the freedom to manage their time and tasks encourages ownership and pride in their work.
This autonomy also fosters creativity and innovation, allowing employees to approach problems in new and positive ways, which can contribute to better outcomes for the company.
Address Negative Thinking Constructively
While fostering positivity is important, it’s also essential to acknowledge and address negative thinking in a constructive way. Encourage employees to reframe negative situations by focusing on solutions and learning opportunities. Provide support when employees are struggling and offer guidance on how to turn challenges into growth opportunities. A positive mindset doesn’t mean ignoring problems, it’s about handling them in a way that motivates and drives forward progress.
Create Opportunities for Social Interaction
Social connections are key to promoting a positive environment. Organise team-building activities, casual meetups, or virtual social events to encourage employees to interact outside of work tasks. When employees bond over shared experiences, it creates a sense of community and support, which can boost overall morale. Happy, connected employees are more likely to approach challenges with optimism and be more productive.
Encouraging positive thinking among your workforce is an investment in both their well-being and the success of your organisation. It’s about creating an environment where employees feel empowered, recognized, and supported. By leading by example, promoting open communication, recognising achievements, and focusing on growth, you can help your employees develop a positive mindset that drives not only their personal success but also the success of the company as a whole.
Ultimately, a positive workforce leads to greater collaboration, higher morale, and improved performance, key ingredients for a thriving workplace. Start implementing these strategies today, and watch as your team transforms into a more engaged, motivated, and productive group.
The hiring world is changing, and it’s changing fast. Gone are the days when a shiny degree or a specific job title could guarantee you a seat at the table. Instead, companies are shifting their focus to what really matters – skills. This new approach to hiring looks beyond the CV and focuses on the real capabilities and the potential of candidates. It’s a more inclusive, effective, and practical way to find the right fit, and it’s quickly becoming the future of recruitment.
So, what is skills-based hiring? It’s a recruitment approach that prioritises a candidate’s abilities and competencies over traditional credentials like degrees or years of experience. Instead of focusing solely on what’s on paper, it emphasizes practical, job-relevant skills that demonstrate a person’s capability to perform the role effectively. This method opens doors for a broader and more diverse talent pool, enabling companies to find hidden gems who may have gained their skills through alternative education, self-learning, or hands-on experience. By focusing on what someone can do rather than their background, skills-based hiring fosters inclusion, innovation, and better matches between candidates and roles.
For example, instead of insisting on an MBA, a hiring manager for a Head of Operations role might prioritise experience with process optimisation tools, data-driven decision-making, or leading cross-functional teams. Similarly, hands-on experience in streamlining supply chains or implementing operational efficiency strategies could carry more weight than a specific job title or traditional qualifications. The focus shifts from what’s on paper to what a candidate can actually do.
Why is Skills-Based Hiring Trending?
Several factors have contributed to the rise of skills-based hiring:
The Skills Gap Crisis
Many industries are experiencing a mismatch between the skills candidates possess and what employers need. Skills-based hiring helps bridge this gap by identifying individuals who can do the work, regardless of their educational background.
Changing Workforce Dynamics
The rise of remote work and the gig economy has shifted the focus to outcomes rather than processes. Employers are more interested in what candidates can deliver.
Technological Advancements
Tools like AI-driven applicant tracking systems (ATS) and skills assessment platforms make it easier for companies to evaluate candidates’ abilities directly.
Demand for Diversity and Inclusion
Skills-based hiring promotes inclusivity by removing barriers that disproportionately affect underrepresented groups, such as the need for specific degrees from prestigious institutions.
Economic Shifts
Amid economic uncertainty, companies are looking to maximise the value of their hires. Skills-based hiring ensures that the right people are in the right roles, improving productivity and reducing turnover.
Benefits of Skills-Based Hiring
For Employers
Better Job Performance
Hiring based on proven abilities leads to more competent employees who can hit the ground running.
Reduced Turnover
Employees who are hired for roles that align with their skills are more likely to stay engaged and satisfied.
Broader Talent Pool
By removing unnecessary educational requirements, companies gain access to a wider array of talent.
Cost Efficiency
Skills-based assessments can streamline the hiring process, saving time and reducing recruitment costs.
Increased Innovation
Diverse teams often result in innovative problem-solving. By focusing on skills, companies can build teams with varied perspectives.
For Job Seekers
Fairer Opportunities
Skills-based hiring levels the playing field for candidates without traditional qualifications, emphasising what they can do over where they come from.
Recognition of Non-Traditional Learning
Certifications, training courses, and self-taught skills gain more value in this hiring model.
Increased Confidence
Candidates feel empowered when they’re evaluated on merit and capability.
Career Advancement
Workers can transition to new roles or industries based on transferable skills rather than starting over with formal education.
How to Embrace Skills-Based Hiring
Embracing skills-based hiring starts with shifting the focus from traditional credentials to the real-world capabilities candidates bring to the table. Begin by redefining job requirements to emphasise practical skills, such as problem-solving, technical expertise, or leadership potential, rather than formal degrees or specific job titles. Incorporate assessments like skills tests, work samples, or situational challenges into the hiring process to gauge competency more accurately. Encourage a culture of continuous learning within your organisation, where employees are empowered to build new skills over time. By prioritising skills over pedigree, you not only open up your candidate pool to a more diverse group but also ensure you’re selecting talent that can truly drive success.
The Future of Skills-Based Hiring
As industries evolve, the emphasis on skills over traditional qualifications will continue to grow. This shift not only benefits employers by optimising talent acquisition but also empowers individuals to pursue meaningful careers based on their abilities and potential. By embracing this trend, companies can build more agile, inclusive, and high-performing teams.
How we can help you
As international headhunters with extensive experience, we specialise in filling complex, critical roles across the globe. When it comes to skills-based hiring, we help you find top talent with the specific skills your business needs. We target the best professionals in each field, ensuring they not only fit the role but also align with your values. Our process goes beyond CVs, we conduct an in-depth screening, assessing the background, experience, and skills of every candidate. On average, we spend 4 hours getting to know our candidates personally, diving deep into their abilities and expertise to ensure the right fit. This approach has resulted in an impressive 82% retention rate for placements after five years, with 63% staying for over 10 years. By leveraging our process, we help you build a team that drives long-term success.
Following our recent half-year review, we’re eager to share insights that can enhance your recruitment strategies. For a detailed overview, watch Sandra Hill‘s video below as she outlines our findings!
Five years after their initial placements, an impressive 82% of the professionals we’ve placed continue to make a significant impact within their companies, with 63% staying for ten years or more. Many have advanced in their careers while driving business success, with 42% earning at least one promotion within the first five years.
This outstanding retention rate proves our recruitment solutions are highly effective, with our candidates’ remarkable career progress showcasing their personal dedication and the immense value they bring to their companies. This reflects the long-term growth and success we strive for in every placement.
Their continued career success highlights the mutual benefits of our placements, promoting stability and ongoing development for both the individuals we place and the companies they join.
If you need help locating the stars who will have a significant impact on your business, we are here to assist! Please contact Sandra Hill by contacting +44 (0) 161 448 8283 or emailing Sandra@hillgroup.co.uk
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You find yourself in need of a crucial position to be filled, having exhausted all internal recruitment avenues. However, you’re wary of engaging a recruiter due to associated fees. While this hesitation is reasonable, it’s important to consider the broader picture. Despite the upfront cost, investing in a recruiter can prove to be a strategic decision, ultimately saving you both time and money in the long run. This article explores the real costs associated with a bad hire as well as the logic supporting a recruiter’s charges. It also draws attention to the potential drawbacks of choosing a recruiter with lower fees.
The Cost of a Bad Hire
Let’s examine both the obvious direct costs and the less evident indirect costs linked with bad hiring decisions:
- Unrecoverable Salary
- Wasted Management Time/Training
- Recruitment Agency Fees
- Lost Productivity
- Lost Team Productivity
- Indirect Staff Turnover
- Loss of Business
- Impact on Reputation
Hiring the wrong person can result in significant costs. According to research, the average cost of making a bad hire is 3.5 times the employee’s first-year salary. This includes recruitment and training costs, reduced production, and significant damage to morale and client relationships.
Consider this: if you make an incorrect hire and need to repeat the hiring process, you’re essentially doubling your recruitment expenses. Additionally, there’s the significant investment of time and resources in onboarding and training someone who ultimately doesn’t align with the role.
Why Recruiter Fees are Justified
Expertise: Recruiters specialise in finding the best candidates for a position. They know where to look, how to attract top talent, and how conduct rigorous candidate evaluations. This knowledge can save you countless hours looking through CVs and conducting interviews.
Access to a Larger Pool of Candidates: Recruiters possess connections to a candidate network that you might not reach independently. This capability substantially enhances your likelihood of discovering the ideal match for your position.
Time Savings: Time equates to money, and the recruitment process can be exceedingly time-consuming. Entrusting this responsibility to a recruiter allows you to reclaim your time, enabling you to concentrate on other critical aspects of your business.
Reduced Risk of Poor Hires: Recruiters’ expertise and screening processes help to reduce the risk of hiring mistakes. They are adept at detecting warning flags from the start, ensuring that you only review candidates who are truly qualified for the position.
Going Forward
Though paying a recruiter fee may appear as an initial expense, it’s crucial to weigh the long-term advantages.
By avoiding the costs associated with a poor hire and leveraging a recruiter’s experience, you can ultimately save money and time while getting the best candidate for your organisation.
Partnering with a recruiter is more than just a cost; it’s a strategic investment in your company’s success and growth.
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In today’s recruiting market, traditional hiring practices are rapidly giving way to a more targeted and efficient strategy known as skills-based hiring. This radical shift in recruitment techniques is gaining popularity due to its ability to prioritise candidates’ skills over traditional factors such as education and experience. In this blog post, we will look at the advantages of skills-based recruiting, its importance, and how it is transforming the recruitment process.
Why Skills-Based Hiring Matters:
Accuracy in Candidate Assessment:
Skills-based hiring assesses candidates based on their practical abilities and competencies rather than just their qualifications. This ensures a more accurate assessment of a candidate’s ability to perform in a specific area, resulting in better hires.
Diversity and Inclusion:
Traditional recruitment methods can unintentionally foster bias by favouring individuals with specific educational backgrounds or experience. Skills-based hiring encourages equality while also encouraging diversity and inclusion by allowing individuals from varied backgrounds and alternative career paths to qualify.
Flexibility to Sudden Industry Changes:
Industries are evolving at an incredible rate, and skill requirements are constantly changing. Skills-based hiring enables organisations to respond quickly to changing demands by prioritising candidates with current and relevant skills, keeping the workforce adaptable and competitive.
Reduces Time to Hire:
By focusing on essential skills, the recruitment process becomes more efficient. Traditional hiring usually involves a lengthy screening process based on educational requirements and prior experience, but skills-based hiring enables recruiters to identify candidates more quickly, lowering time-to-hire.
Improves Employee Engagement and Retention:
When people are hired based on their skills and abilities, they are more likely to be happy in their careers. The combination of job needs and individual skills leads to increased job satisfaction, engagement, and, ultimately, retention rates.
Changing the strategy:
Moving from Degree to Skill Focused:
Degrees are valuable, but skills are the real value of the job market. Companies are rapidly recognising the need to shift their focus away from traditional degree requirements and towards a deeper assessment of an individual’s skill set.
Technology’s Impact on Evaluating Skills:
Advancements in technology, like as AI-powered assessments and skills testing systems, are essential for enabling skills-based hiring. These tools give data-driven insights, allowing recruiters to make informed hiring decisions based on candidates’ actual skills.
Upskilling and Retraining Strategies:
Companies are investing in training and development initiatives to provide their current workforce with the skills needed for the future. This not only increases employee satisfaction, but also minimises the need for external hiring by using the skills of the current team.
Summary:
Skills-based hiring is more than just a trend; it represents a fundamental shift in how businesses build their workforce. Companies that value skills over traditional identifiers can reach an extensive pool of candidates, respond to market changes, and develop adaptable and highly skilled employees. As the business landscape changes, embracing skills-based hiring becomes a need for remaining competitive in the job market.