How To Attract The Top Talent When Running A Business

Filling vacancies within your team can be challenging.

After all, it's more than just making sure the seat in your office is filled. You need to make sure that you’re welcoming an employee to your team who is both talented and a great cultural fit, in order to ensure they’ll blend seamlessly into your existing team. You also need to ensure you’re not losing out on the top talent to your competitors.

Photo by Eric Prouzet on Unsplash

As such, it's hardly surprising that “74% of employers currently report difficulties in filling roles.” Fortunately, there are many ways in which you can turn this around and ensure that you’re attracting the top talent within your industry. Read on to find out more!

Figure out why you are struggling with retention. If you find that you are stuck in a constant cycle of hiring and re-hiring, then getting to the bottom of why you’re struggling with retention is key to moving forward. Otherwise, potential hires will take one look at your retention rates and decide to look elsewhere. This is because many consider poor retention to be a red flag from an employer. 

The easiest way to get to the root of this issue is to conduct exit interviews or ask existing employees for insight into what you could be doing better. For example, it could be the product of stress and burnout or poor workplace culture.

Work with specialist recruiters. Working with specialist recruiters, such as fintech recruitment agencies, can also come in handy when filling crucial gaps within your team. This is because they can do a lot of the hard work for you, putting you in touch with your ‘ideal’ candidate as early in the process as possible. They will also have a keen understanding of both the job market and industry-specific hiring challenges, meaning that they can provide you with expert support and guidance at every step of the hiring journey.

Provide them with opportunities to grow. There are a few different things that job seekers will be looking for when finding a job. However, opportunities for growth and development are often near the top of their essentials list. As such, you should make sure that there are clear growth opportunities outlined or discussed in any job listing, whether that’s on-site or external training or mentorship schemes. This shows the candidate that the role is leading to something.

Take good care of your team. Taking good care of your current team will not only help to prevent poor retention, but it also gives jobseekes a reason to work with you moving forward. Fortunately, there are many ways in which you can demonstrate  your commitment to your employees, such as by developing a wellness scheme, or letting them take time off when they need it. 

Final thoughts. Hiring the top talent in your industry may seem difficult, especially if you’re running a smaller company. However, by following the steps outlined above, you can improve the quality of candidates applying to fill vacancies within your team.