As talent becomes harder to recruit and retain, some employers have tendered unusual perks to sweeten hiring deals. Can your company compete with the benefits being offered by your for-profit counterparts?
Whatever extremes some employers may undertake to lavish their appreciation, it all underscores that human capital is any business’s most important asset.
Whether they are active job seekers or the passive ones keeping an antennae out for anything interesting, an enormous talent pool is in flux. Workers now prowl for jobs with greater learning and growth. Companies need to burnish their reputations to lure in the best and brightest. Fueling this career migration is a desire for purpose. Companies are figuring out that aligning their employer brand with a candidate’s yearning for purpose can entice desirable workers to apply.
Purpose seems like one of those immeasurable intangibles. If you’re a nonprofit lacking funds to offer expensive perks on your employees, how do you snag recruits with a concept?
The good news is that, as a foundation for good, you already have what it takes.
It All Starts with Purpose
Be it the Preamble to the Constitution, a corporate motto, an employer brand, or a nonprofit’s mission statement, the institutions we’ve built began with a purpose—a compelling reason why. For most companies, the purpose resides with the employer brand. Not to be mistaken for branding elements such as logos, fonts, colors, and other instantly recognizable cues, your employer brand also defines your values and your work culture. It is both a message and a promise, speaking directly to all stakeholders—customers, employees, competitors, and partners. Anyone who encounters it knows precisely what the brand stands for. When Allstate Insurance tells you that “You’re in Good Hands,” you know the brand and its values..
Does a statement of purpose translate into financial success? A Harvard Business School study verified that, over a ten-year period, values-driven companies outperformed non-purposeful ones by a factor of 12 in their stock price. Where purpose is active, performance thrives. Imperative’s 2016 report into workplace purpose revealed that:
Purposeful organizations succeed due to dedicated employees. To what are they dedicated if not purpose? It takes a company’s purpose to recruit, engage, and retain this kind of talent. The organization does best when its hiring practices align with its purpose and with the purpose of its employees.
Tips for Recruiting with Purpose
Eighty-five percent of US employees said they would stay longer with a socially responsible employer. Here are four practices to help you score top talent.
Avoid Poor Employer Branding
Today, 75% of job seekers consider an employer’s brand before applying for a job. Lousy employer branding can range from an unhappy interview experience to an annoying campaign jingle to a job board that fails to convey what a great place your company is to work or hire. A sour interview experience can wind up as a low rating on Glassdoor, which can damage your reputation and several such reviews can undermine your purpose and your credibility. At a minimum it will certainly discourage promising candidates from applying to work for you.
Your employer brand must always be supported across all departments at your company. Mindful practices of consistent communication, courtesy toward all candidates, and practicing what your mission preaches will protect your ability to shine in this competitive marketplace. It will also sustain your credibility with your employees, preserving both their engagement and retention.
About Remote Workers
Remote work and hybrid workplaces are issues that expose a significant rift between employers and employees. Many employers want their workers back in the office. Many employees don’t want to return to the office. From INC, one in three U.S. workers doesn’t want to work for anyone who demands employees be onsite full-time. Another survey by Envoy affirms that nearly half of employees will likely look for another job if their current employer doesn’t offer a hybrid workplace.
Remote discrimination is a problem at hybrid companies as remote employees are excluded from specific perks or advantages enjoyed by those working on-site. To avoid making remote personnel feel unappreciated, companies need clear hybrid working policies.
From Recruitee’s Adrie Smith: “We know there’s a talent shortage in many areas and skills. In fact, 78% of HR managers said that most skills will become even more niche in the next ten years. This statistic alone has led many recruiters to look for candidates further afield. And for hiring teams to consider remote employees.”
Fortunately, she assures, new tools emerge daily to help workplaces connect with distant candidates. Below are some remote hiring guiding principles.
Video interviewing is a core skill. Take the time to master the technology, overcome glitches, and develop the social graces involved in virtual face-to-face meetings.
Elongate the hiring process. Give yourself every opportunity to get to know your candidate better.
Prioritize collaborative hiring. Involve your team in the hiring process. Focus on the candidate’s skills, personality, and experience.
Mind your job promotion platforms. Certain types of remote talent will spend their time on different platforms, communicate in different ways, and respond to different kinds of job outreach. Whether on your site, social media, or job board, your remote job description should . . .
If you want to staff your organization with the best people, take the money you are using for workplace perks and invest it in purposeful hiring. In return, you’ll have more time to focus on your products and profits.
By 2035, the labor majority will be Gen Z workers. Many of them will be replacing the workers who opted to be fully cryo-frozen over at Numerai.
This blog post was written by Amélie Frank, consulting copywriter to UST. To learn more about Amélie’s professional portfolio you can find her online at https://www.linkedin.com/in/amelie-frank/.
UST maintains a secure site. This means that information we obtain from you in the process of enrolling is protected and cannot be viewed by others. Information about your agency is provided to our various service providers once you enroll in UST for the purpose of providing you with the best possible service. Your information will never be sold or rented to other entities that are not affiliated with UST. Agencies that are actively enrolled in UST are listed for review by other agencies, UST’s sponsors and potential participants, but no information specific to your agency can be reviewed by anyone not affiliated with UST and not otherwise engaged in providing services to you except as required by law or valid legal process.
Your use of this site and the provision of basic information constitute your consent for UST to use the information supplied.
UST may collect generic information about overall website traffic, and use other analytical information and tools to help us improve our website and provide the best possible information and service. As you browse UST’s website, cookies may also be placed on your computer so that we can better understand what information our visitors are most interested in, and to help direct you to other relevant information. These cookies do not collect personal information such as your name, email, postal address or phone number. To opt out of some of these cookies, click here. If you are a Twitter user, and prefer not to have Twitter ad content tailored to you, learn more here.
Further, our website may contain links to other sites. Anytime you connect to another website, their respective privacy policy will apply and UST is not responsible for the privacy practices of others.
This Privacy Policy and the Terms of Use for our site is subject to change.
UST maintains a secure site. This means that information we obtain from you in the process of enrolling is protected and cannot be viewed by others. Information about your agency is provided to our various service providers once you enroll in UST for the purpose of providing you with the best possible service. Your information will never be sold or rented to other entities that are not affiliated with UST. Agencies that are actively enrolled in UST are listed for review by other agencies, UST’s sponsors and potential participants, but no information specific to your agency can be reviewed by anyone not affiliated with UST and not otherwise engaged in providing services to you except as required by law or valid legal process.
Your use of this site and the provision of basic information constitute your consent for UST to use the information supplied.
UST may collect generic information about overall website traffic, and use other analytical information and tools to help us improve our website and provide the best possible information and service. As you browse UST’s website, cookies may also be placed on your computer so that we can better understand what information our visitors are most interested in, and to help direct you to other relevant information. These cookies do not collect personal information such as your name, email, postal address or phone number. To opt out of some of these cookies, click here. If you are a Twitter user, and prefer not to have Twitter ad content tailored to you, learn more here.
Further, our website may contain links to other sites. Anytime you connect to another website, their respective privacy policy will apply and UST is not responsible for the privacy practices of others.
This Privacy Policy and the Terms of Use for our site is subject to change.