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4 ways to attract and retaining top talent to your organization

In this article we look at 4 ways to help attract and retain top talent in your organization. Well-being plays an enormous role in attracting and retaining talent. According to the American Psychological Association, employees that work at companies where well-being is a core value are 89% more likely to recommend their company as a good place to work. An improved sense of well-being leads to increased productivity, higher employee engagement, decreased absences, and reductions in health care costs. If you focus on employee well-being, you will give your company a significant boost in the war for talent. Here’s where to start.

Attracting and retaining top talent

How to win the war for talent

You have probably experienced the fierce talent competition yourself. Research shows that there is a talent shortage of 45 million in developed economies. On top of that, employees no longer choose a career-long relationship with a company, they switch jobs and employers more often than ever before. The result? Businesses are held back and miss out on growth because employees feel free to leave.

Stats on the cost of not hiring top talent
A recent study of more than 600,000 researchers, entertainers, politicians, and athletes found that high performers are 400 percent more productive than average ones. Source: McKinsey.

1. Understand the needs of employees

Employees from the newer generations often work whenever and however they want. You need to be aware of what employees need in order to perform to the best of their abilities. Collaboration helps employees to feel part of a company and excel in their careers. The workplace can stimulate this by having plenty of brainstorm areas, huddle rooms, and coffee bars. Technology can monetize user behavior and give you valuable insights. With this data, you can adjust your office to the changing needs of employees.

2. Give flexibility

Flexibility leads to a higher level of autonomy and employee well-being. 59% of millennials say flexibility also improves their productivity. You can give employees flexibility by implementing an activity-based working concept. This way of working gives employees autonomy in the workplace. Technology empowers employees to find the right work spot in the office.  

3. Build a community

For younger generations, it is more important than ever to work at a company that makes a positive impact. They are looking for more than a job to pay the bills. If employees really feel your purpose, values, and goals, they believe the work they do, has a significant impact. A community can help employees to feel connected to the physical space, your company values, and each other. Technology can help build a community, and make employees feel part of a group.

4. Create the best place to work

Facilitating a thriving community in a smart office increases employee happiness and engagement. It can revolutionize the employee experience and attract more talent to your organization. We’re here to help you to make this happen.