{"id":2379,"date":"2018-11-14T16:00:47","date_gmt":"2018-11-14T22:00:47","guid":{"rendered":"http:\/\/www.employco.com\/blog\/?p=2379"},"modified":"2018-11-28T16:04:20","modified_gmt":"2018-11-28T22:04:20","slug":"improving-job-market-means-employees-have-options-dont-let-your-top-talent-get-poached","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2018\/11\/14\/improving-job-market-means-employees-have-options-dont-let-your-top-talent-get-poached\/","title":{"rendered":"Improving Job Market Means Employees Have Options: Don\u2019t Let Your Top Talent Get Poached"},"content":{"rendered":"

Employment expert shares \u201cThe Three E\u2019s\u201d which will keep employees happy and hard-working <\/em><\/p>\n

\"LeavingAs the job market improves, so too does employers\u2019 risk of losing employees. It is estimated that around 60 percent of employees are either actively or passively searching for a new job, or they are being approached by other companies who want to \u2018poach\u2019 them for their own team.<\/p>\n

Rob Wilson, President of Employco USA and employment trends expert says, \u201cLosing an employee is a serious financial blow. It will cost you about 6-9 months of salary to replace a salaried employee, and this does not even include the soft-dollar cost of lost knowledge. This includes technical and institutional knowledge as well as lost productivity as other employees have to pick up the missing employee\u2019s slack, which can in turn cause lower morale, lower employee engagement and other financial concerns.\u201d<\/p>\n

Wilson says that employers would well to remember the three E\u2019s (economics, employee engagement, and environment) when it comes to attracting and retaining top talent.<\/p>\n

\u201cFrom an economic standpoint, you need to think in terms not only of salary and health insurance, but also a total compensation package,\u201d says Wilson. \u201cThere are many benefits which today\u2019s employees are looking for, including whether you match a 401k, what is the value of the paid time off offered, along with medical, dental, vision and life insurance.\u201d<\/p>\n

<\/p>\n

Wilson also says that many companies are also now thinking outside the box when it comes to offering benefits to employees. \u201cWe work with firms which offer pet insurance,\u201d says Wilson. \u201cWhich might sound funny, but it is actually a major item of interest for interested applicants. Most Americans have pets and consider them part of their family, so offering insurance for these critters can go a long way in showing that you are a compassionate and concerned employer.\u201d<\/p>\n

Wilson also says that companies should also consider offering tuition reimbursement plans, or paying a small amount each month towards the employees\u2019 student loans. \u201cToday\u2019s young people are coming out of college with massive debt,\u201d says Wilson. \u201cAnd firms which are dedicated to paying off these loans alongside their team will be a top contender.\u201d<\/p>\n

Environment also plays a key role in helping employees choose which company to join.<\/p>\n

\u201cWorkers want to feel like they are joining a team, a team which is excited and eager about their arrival,\u201d says Wilson. \u201cThat is why on-boarding is so important, meaning that the new employee is guided not just throughout their first day, but really throughout their first year at the company.\u201d<\/p>\n

Wilson also says that company-wide activities like pizza parties or charitable efforts can help to boost morale and create a feeling of family amongst coworkers.<\/p>\n

\u201cTaking a half day each year to go volunteer at a soup kitchen is a small and inexpensive way for employers to improve their community and their company,\u201d says Wilson.<\/p>\n

For more on this topic, please contact Rob Wilson at\u00a0rwilson@thewilsoncompanies.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Employment expert shares \u201cThe Three E\u2019s\u201d which will keep employees happy and hard-working As the job market improves, so too does employers\u2019 risk of losing employees. It is estimated that around 60 percent of employees are either actively or passively… <\/p>\n

Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,13],"tags":[],"class_list":["post-2379","post","type-post","status-publish","format-standard","hentry","category-employee-benefits","category-recruitment-solutions"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"\r\nImproving Job Market Means Employees Have Options: Don\u2019t Let Your Top Talent Get Poached - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2018\/11\/14\/improving-job-market-means-employees-have-options-dont-let-your-top-talent-get-poached\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Improving Job Market Means Employees Have Options: Don\u2019t Let Your Top Talent Get Poached - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"Employment expert shares \u201cThe Three E\u2019s\u201d which will keep employees happy and hard-working As the job market improves, so too does employers\u2019 risk of losing employees. 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