What 5 mistakes separate "Compliance Employers" from an "Employer of Choice"?
"What can I do to become the Employer of Choice?"
- Every CEOs' desire
Certain strategies virtually guarantee becoming the Employer of Choice with lots of applicants
Legal compliance is important - but should not be the focus of your HR function/department
People Profits Principle #8
Employment Law is the floor - above it is a blue sky of opportunities
The 5 mistakes organizations make who ARE NOT the Employer of Choice are:
Their Vision, Mission and Values either don't exist or not relevant
The organization is either stagnant or retreating
They don't see their employees as real people
They limit wages as low as possible
Their HR focus is on compliance and meaningless employee relations
Years of surveys have told us the top 5 criteria for employees are:
Opportunity to use individual skills and abilities
Organizations financial security
Relationship with immediate supervisor
Notice that compensation is number 5!!
Reviewing those two lists leads to many answers - a few below:
Know where you are going, how you are going to get there with credibility
See each of your employees as a person with individual skills and dreams
See wages as an investment and as a driver of strategy
Invest, communicate and empower your immediate supervisors
HR needs to focus less on compliance and more on strategies and systems
Think of the money to be saved and made!!
People Profits case study: A manufacturing/service company went from losing all their senior highly skilled workers to being the Employer of Choice in our industry. This was done by implementing strategies and systems which focused, not on compliance, but on the business plan. We used the well known criteria which employees have identified as to what makes them satisfied with an employer.
Profits and Growth through Human Capital Strategy and Systems