Best Practices for Attracting and Retaining Top Talent

Top Talent

Attracting and retaining a great workforce has always been challenging. The pandemic made the job market more competitive, with many companies losing employees during the “Great Resignation.” Workers re-evaluated their priorities and began looking for opportunities that provided better compensation and a stronger cultural fit. Businesses must step up their game to remain competitive. Here are some top tips for attracting and retaining talent.

Offer the right benefits
Offering competitive benefits and perks has always been vital in a competitive hiring marketplace. Where in the past, a good compensation package only included paid time off, health insurance, and retirement savings, today, that combination is just table stakes. When competing with so many other organizations for the best new hires, offering additional benefits in your compensation package can help you win the best new employees. The pandemic caused a shift in what workers consider important benefits, and we’re seeing more employees asking for benefits that focus on their overall health and wellness.

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The Effect of Inflation on Your Employees

Inflation

Inflation affects us all in various ways, including higher prices at the gas pump and increased prices on everything from rent to groceries and utilities. One of the critical effects of inflation that significantly impacts businesses is how it affects your employees’ bottom line. Inflation has a direct effect on everyone’s purchasing power, and that has a direct impact on the value of your employees’ compensation packages. 

Current wages have less value
Inflation has a direct impact on the value of your compensation packages. Inflation lowers the value of a raise or compensation package. With prices up 7.9% to 8.4%, the typical annual raise of 3%-4% is not enough to counteract the effect of inflation on the overall cost of living. It means that your compensation has less value and can leave your employees in the negative financially because their current wage may not be enough to cover their expenses.

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What Are You Doing to Retain Your Employees?

Attract and Retain

The pandemic caused many workers to re-evaluate what they wanted out of work. Many left their jobs seeking employment with companies that matched their values or offered more competitive compensation packages. Keeping employees engaged, productive, and satisfied at work has always been challenging. Here are some tips for attracting and retaining top talent.

Build a strong company culture

Employees want to feel like their jobs make a difference and work for a company whose values reflect their own. Creating and maintaining a strong company culture is one of the best ways to attract employees who are the right fit for your company. It is also essential for keeping your employees engaged and retaining top talent. 

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Engaging Employees in a Hybrid Workplace

Engaging Employees in a Hybrid Workplace

Keeping employees engaged is always challenging, even when working in the same building. Add in the challenge of a hybrid workplace, where employees could be working from anywhere, and engagement becomes difficult. 87% of employees want the ability to work remotely at least half the time. Organizations will have to find new ways to engage with their employees no matter where they are. Here are three critical things for employers to consider. 

Prioritize health and wellness

When you see your employees every day, it can be easier to see how they work and feel throughout the day or week. When employees go remote, it becomes more of a challenge to know who has a bad day or never takes a break. A hybrid workforce needs processes and policies that prioritize health and wellness. Businesses also need to acknowledge that each employee’s hybrid work experience is different, whether the setting, the distractions, or even the access to resources from the internet to internal tools and software. An employee whose health and well-being are suffering is less likely to be engaged and committed to the organization.

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Mask Mandates Lift Across the Nation, Leaving Coworkers at Odds

HR expert explains how to navigate conflicting mask viewpoints in the office

MaskAs counties and states across the nation drop their mask mandates, Americans are at odds over whether the decision to un-mask is safe or not.

“What we are seeing is that many people are afraid to take their masks off,” says Rob Wilson, President of Employco USA, a national employment solutions firm. “And not necessarily because of the virus. But because they worry that they will be judged or their careers will be harmed if they drop the mask.”

Wilson says industries like hospitality are in a particularly tricky spot.

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Mandate Madness Wreaks Havoc on Economic Recovery

HR expert discusses how vaccine mandates have slowed down the supply chain and job stability

TruckersTruckers protesting mandated vaccines at the Canadian border have vastly slowed down the supply chain, which was sputtering back to a slow start after a difficult year. However, supply chain slowdowns are just the tip of the iceberg when it comes to the issues that are arising from vaccine mandates.

“The Freedom Convoy 2022 speaks to a larger social movement that is happening in Canada, the United States, and across the globe,” says employment expert Rob Wilson, President of employment solutions firm Employco USA. “While we all want to reduce COVID rates and recover from this pandemic, businesses are faced with a tough decision when it comes to mandating vaccines and potentially losing employees in an already competitive job market.”

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Supreme Court Stays OSHA ETS Vaccination and Testing Mandate

Supreme Court Stays OSHA ETS Vaccination and Testing Mandate

On Jan. 13, 2022, the Supreme Court of the United States (SCOTUS) ruled to stay the Occupational Safety and Health Administration’s (OSHA) vaccination and testing emergency temporary standard (ETS). The ETS was developed to establish a mandatory vaccination policy requirement for private employers with 100 or more employees.

ETS Litigation – The ETS went into effect on and has been in litigation since Nov. 5, 2021. It was blocked by the 5th U.S. Circuit Court of Appeals early on but was reinstated by the 6th Circuit on Dec. 17, 2021.

SCOTUS Reasoning – In its published decision, SCOTUS stated that OSHA was not given the power to regulate public health more broadly than occupational dangers. In addition, SCOTUS explained that challenges to the ETS were likely to succeed on the merits because the agency lacks the authority to impose the mandate. Specifically, the OSHA Act only allows the agency to set workplace safety standards, not broad public health measures. Finally, the court argues that the requirement that employees either become vaccinated or undergo weekly testing is not an exercise of federal power. Instead, SCOTUS stated the ETS represents a “significant encroachment into the lives—and health—of a vast number of employees.”

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Court Reinstates OSHA Vaccination Mandate

 Emergency Temporary Standard (ETS)

On Friday Dec. 17, 2021 the 6th Circuit Federal Court of Appeals reinstated the Occupational Safety and Health Administration’s (OSHA) federal emergency temporary standard (ETS) for COVID-19. The 6th Circuit decision reverses the stay ordered in November by the 5th Circuit and allows OSHA to resume ETS implementation and enforcement nationwide. The ETS establishes a mandatory vaccination policy requirement for private employers with 100 or more employees.

ETS opponents have already filed an appeal with the U.S. Supreme Court challenging the 6th Circuit’s decision.

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‘Tis the Season for Health Insurance Renewals: Prices to Skyrocket for Employers in 2022

Human resources expert Rob Wilson weighs in 

Prices Skyrocket‘Tis the season to get new health insurance rates! Rates are dramatically on the rise, with some companies seeing increases in premiums from 20 to 40 percent. Due to COVID’s impact, hospitals need to pay their workers more than ever before, just to retain employees and ensure that they stay staffed. And, supply chain issues mean price increases across the board, even in the healthcare industry.

Here is what employers need to know:

“Inflation is higher now than it has been in years,” says Rob Wilson, President of Employco USA and group health insurance expert. “Wages are going up, benefits are going up, taxes are going up. Businesses are already stretched to their utter limit. And health insurance companies are hedging their bets for all the upcoming claims coming up in 2022.”

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Partying During the Pandemic: The Return of Holiday Office Parties

Employment trends expert weighs in

Holiday PartyWith the COVID-19 pandemic more under control, many offices are considering the idea of bringing back holiday parties. But, how can you safely host an office party during a pandemic, and are the risks worth the camaraderie?

“Our internal research has shown that many of our clients are going to do a holiday party this year. They’re very eager to start building connections between their staff again, and to bring back some cheer to the office after such a dark time,” says Rob Wilson, President of Employco USA and employment trends expert. “But hosting an office party right now can be difficult. There are several factors that companies need to consider before they start planning a party, big or small.”

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