Why You Must Be Concerned for Employee’ Financial Wellness from Recruitment and Selection Process

Become an Employee Magnet by Proper Channeling of Total Value for Employees

Proper communication total compensation packages and benefits is necessary to keep the employees morale. Off course, it’s not possible to offer raise all the time, but letting them understand financial security offered can present you as employee. In the modern time the war for talent is at full fledge and a little mistake can gamble your best manpower asset. Of worse, the risk of turnover is always there, so you must put best efforts to let employees understand why you are a good place to work.

Dynamic work environment, employee-friendly work culture, value-added services and facilities can boost employer’s value on the top of payroll benefits.

Value Added Services to Increase Financial Security

From health insurance to dependent care benefits, there are many things that you do without increasing on paper salaries. More upon it, the priority services to access financial counselor can help employees save more. Many times, people don’t even know how start investing for future and this kind of guidance can actually clear their doubts. Hiring a licensed professional for the same and offering services at reduced cost or free is a worth to try shot.

Make Them Feel Free From Financial Worries from The Recruitment And Selection Step

Money is the prime reason for causing stress among employees. When they are in stress, they can’t provide best performances. Hence, it is clear that to make them work for you in the best shape of mind and body, as an employer you need to free them from financial worries. Financial distractions need to be sidelined properly to increase productivity of employees. Furthermore, financial guidance is the most likely offering that millennial generation tends to look in employers of GenX.

Well being of employees is only possible when they are cheerful to work and it is not all about giving them a good raise. Truly, the total compensation is the prime factor for accepting a job offer most of the time. However, additional facilities of food, cab, job security, insurance and healthcare are also important point. Just make sure employees get proper understanding of their total benefits package from the recruitment and selection phase.

GlobalHunt Takeaway

Everyone loves to feel they are valued. This feeling of ‘taken care’ has natural power to establish ling term connections. Similarly, in professional world if as an employer you are successful to make them employees feel valued, you are automatically entitled to gain loyal employees.  Financial security and benefits are prime concerns for employees. By taking care of these basics you can retain staff and reduce employee turnover naturally. Critically, you must work on transmitting your concerns for employee financial wellness timely and properly from the initial phase of recruitment and selection.

5 Things You Need To Know Prior To Hiring Your First Employees

Recruitment and Selection is an essential part of every organization. Every organization has certain rules and regulations related to hiring. One must select the employees carefully because it is the employees who add to the benefit of the company. Another very important aspect about an organization is the employees must be under a good leader and only then they will be able to perform properly.

The following points will give you a brief idea about the things you need to follow while hiring your first employee.

• Cost- One of the first things that you must consider while hiring your first employee is the cost. Now when we are talking about cost, we don’t mean only the salary of the employee. There are numerous other things related to cost that you must take into account like security benefits. It is very important to evaluate the cost of the extra benefits also while hiring a candidate.
• Legal requirements- Prior to hiring an employee you also need to know certain rules which you can or cannot do as an employee. You need to know the proper rules regarding overtime stipulation, minimum hour, wage requirements and many more things.
• Finding applicants- While hiring an employee, you are obviously going to make sure that you are hiring the best. Finding a good candidate is quiet a challenge. There are many job seekers who apply for a post without even reading the job requirements. Post the job requirement on the various online job portals and shortlist candidates mainly on the basis of their past experiences, skills and educational qualifications.
• Interviewing- The interview round is very important as it helps you understand the candidate and it helps the candidate understand you. Your first employee will help a lot in determining how your workplace culture will look like. So you must try to figure out his skills, strengths, weaknesses, and work ethics in the interview itself. The interview round will also help you determine how much the candidate will be able to benefit your organization.
• Training- Training is as important as hiring. Your first employee will represent your organization and therefore you need to train him properly according to your needs. The right training will help your organization grow more.

Now, that you know about the things that you must do while hiring your first employee, follow them and it will definitely add to the profit earning motive of your company.

Six Ways To Be A Good Leader

Recruitment and Selection is an essential part of every organization. Every organization has certain rules and regulations related to hiring. One must select the employees carefully because it is the employees who add to the profit earning motive of the company.Another very important aspect about an organization is the employees must be under a good leader and only then they will be able to perform properly.

You can have a look at the following points to get a brief idea about the ways one can be a good leader.

• Acceptance of limitations- It is not possible for a person to know everything and there might be things that a leader might not know. It is always good to be humble and modest. One should always accept the fact honestly that one doesn’t know something for it is not possible for a person to know everything. While working the leader must be open to suggestions from his subordinates. This will not only make him a good leader but also good co workers. In this way he will also be able to gain the trust of his team.
• Open to learning- The leader must be open to learning new things. Humility always makes a person a good leader. He must have a willingness to learn from his employees and peers.
• Communication- Effective communication is also very important to maintain transparency and accountability among the employees. A good leader communicates clearly with his subordinates and makes them aware of the various laws, needs and targets set by the company from time to time. On the other hand, they report to employers about the performances of the employees and their achievements from time to time. Good communication skills make a leader approachable among the employees.
• Teamwork is very important- One of the best ways to be a good leader is teamwork. It is very important to closely communicate and work with the team to ensure the targets are achieved on time. Having good team helps one achieve the goals set by the company faster.
• Value criticism- To grow as a leader one needs to value criticism. It will make you aware on how you can improve yourself as a leader.
• Be a good observer- Another very important thing that you have to have to be a good leader is you need to be a good observer. You need to see and listen to things carefully within your organization. This will not only give you a better insight about the employees but will also help you understand if the organization is functioning properly or not.

Now that you know about the ways you can become a good leader, try and improve on your skills in order to motivate the employees.

The Major Stages Of Recruitment And Selection Process

A recruitment drive is one of the most crucial steps of workforce build up and management within an organization. Moreover, it is the beginning of the year and most of the companies are looking out for candidates to fill out positions and add to the workforce as and where required. Therefore, it is essential to look in to the detailed stages of recruitment and selection process that will benefit companies and organizations in this approach.

• In order to initiate the recruitment process, there is a certain level of preparation required. One of the primary initiative of this preparation is candidate sourcing. The company needs to have a well-organized and updated database of candidate profiles that can be utilized readily. This is essential as it helps in better selection of candidates. Otherwise if the candidate profiles are looked in to after the job posting, it might not yield desired results.
• The second preparation initiative is the job ad development and posting. Developing a job ad is a critical task as it determines the type and quality of candidate profiles that are going to be sourced for the position. One should keep in mind that while writing the job description, there should be clear distinction between the skill sets that are mandatory and the ones that will be an added advantage for the candidate. Certain perks related to the position can be mentioned as well for attracting candidates as well.
• The next in line initiative is application tracking. There are many online and offline tools that are being used by companies for this task. There are popular application tracking systems that are managing this process effectively and efficiently. One needs to remember that during this phase there are a lot of random applications that come in for the positions. They need to be precisely pointed and removed from the process.
• Resume shortlisting is the next in line process of the recruitment and selection. Out of numerous applications, desired candidate profiles need to be selected for further screening and analysis. Going through the resumes and profiles and selecting a desired number of them from the lot is a part of the prescreening process which determines the next levels of recruitment.
• Based on the initial screening the candidate is progressed in for a telephonic interview round in order to understand the skill set, technical knowledge and communication skills of him or her. This stage helps in understanding the capabilities of the candidate to a great extent and his or her ability to suit for the position.
• If the candidate is found convincing after the telephonic round, a face to face interview is scheduled to better understand the prospect. In this stage, the communication skills, problem solving ability, professional behavioral pattern and other soft skills can be evaluated with perfection.
• Finally, if the candidate clears the face to face interview round, the on boarding process is commenced. In this the necessary paperwork’s are done along with passing on information to the candidate regarding the organization, its work culture and team in which he or she will be associated with takes place.