Is this the real reason your people are leaving?
Culture

Is this the real reason your people are leaving?

We know that replacing key talent is a lot of work; when done badly, it can cost a lot of time and money.   Plus, the initial time, energy, and investment spent on hiring talent means it’s important to have effective retention strategies in place.   We polled 500 HR and people leaders, and 72% […]

January 31st, 2024
*

Abby.

Founder

A search expert making key hires for over twenty years.

We know that replacing key talent is a lot of work; when done badly, it can cost a lot of time and money.

 

Plus, the initial time, energy, and investment spent on hiring talent means it’s important to have effective retention strategies in place.

 

We polled 500 HR and people leaders, and 72% agreed that making quality hires was their central priority when it came to hiring for their organisation. When probed, they mentioned that sourcing the high-calibre talent they need has become more challenging in recent years, considering that in 2022, time to hire was a main priority.

 

So, how can you avoid losing the key people within your business who make it great?

 

 

What we see

 

As recruitment experts, we often speak to people contemplating a career move. When people ask for our advice, our first question is almost always: Have you openly discussed your current challenges with your boss?

 

It’s not uncommon for people to seek a new opportunity simply because they feel out of place, undervalued, or have misunderstood your company’s strategy. That’s why, in most cases, we encourage people to stay where they are and coach them to have difficult conversations with you if we think that will give them the growth they are searching for.

 

Our advice is to keep your people close and understand and agree on what it is they need from you to do their best work.

 

Here are five things to consider:

 

 

Salary benchmarking

 

It is always important to ensure your compensation packages are in tune with the market. We recommend regularly benchmarking salaries against market averages to ensure your organisation is offering a competitive package. Looking for a resource? Click here to contact us for our salary survey.

 

 

Career progression opportunities

 

We have talked about investing in people for decades, and 2024 is now the year to actually do it. Spend money on your people, offer more learning & development opportunities, pay increases, rewards, promotions, and recognition. Guide those aspiring to lead and move into senior leadership roles. It is time to go beyond token gestures and instead make real impactful and inspiring acts.

 

 

Give autonomy

 

Empower your leaders with the autonomy to make decisions. Allocate them the budget they need to make the quality hires they need to reach their goals. To find out more about how we help our clients attract and retain top talent, click here.

 

 

Hiring interims to ease the load

 

Some of our clients have found it helpful to bring in temps to alleviate workload pressures during peak periods or special projects. They say this flexible approach helps to ensure that their existing employees don’t feel too overwhelmed which is important for maintaining their healthy work culture. To learn more about the benefits of hiring temps here.

 

 

Helping people to shine

 

In a bustling workplace, some of your people may struggle to feel seen. Identify those who you feel may need more support, particularly those in hybrid setups, and ensure they are being heard. With the right encouragement, they can begin to feel more connected to their team and manager, helping them to showcase their talents.

 

 

In 2024, we will see markets stabilise and organisations return to people growth. This means that those who have stayed quiet and loyal so far could be tempted away. Could your business be susceptible to losing the people you rely on to achieve those big goals? Invest now to drive your culture and engagement with real purpose. Yes, you will still lose the people who are highly disengaged, but you will start to invigorate and realise the potential of those who will deliver more when they feel it is being reciprocated.

 

 

And when you do receive the odd resignation letter, you know who to reach out to.

To find out more about how to focus on your brand, get in touch today.
Want to hear about our other articles?
Looking to hire your next superstar?
Keen to explore our latest vacancies?
Yellow Bricks is a female-owned and led executive search firm hiring predominately for software companies with diversity and inclusion at the heart of our offering. To learn more, click here.
Related posts
Executives, here are 9 ways to create a world-class personal brand

Executives, here are 9 ways to create a world-class personal brand

Your personal, professional brand. The strengths, characteristics, and achievements others remember you for.   It is an important deciding factor in how promotions and career opportunities play out.   But creating that brand and keeping it consistent is difficult — potentially more so than ever before.   Why does your brand matter in 2023?   […]
The Benefits of Team Lunches

The Benefits of Team Lunches

When it’s time for lunch, do you eat at your desk? 🥪 For most people, this is the case. Over 60% of workers say that they eat lunch at their desks. A lunch break should be a break from work to have lunch. Some of us are still not allowing ourselves or feeling able to […]
UK Labour Market Trends: What you need to know

UK Labour Market Trends: What you need to know

Overview of the Current Labour Market The UK labour market is experiencing a notable shift. While still robust compared to pre-pandemic levels, job vacancies and employment are declining. This cooling trend, evident in recent ONS data, signifies a changing landscape for employers and job seekers.   Employment and Unemployment Trends The employment rate declined to […]
9 Tips to Crafting a Magnetic CV in 2024

9 Tips to Crafting a Magnetic CV in 2024

Are you tirelessly sending out CVs, only to hear silence in return?   Cracking the CV code is getting harder!   What should a CV look like in 2024?   With the barrier to entry ever widening through complicated platforms, AI, and a lack of human interaction, it has become frustrating and confidence-wrecking to attempt […]
First Interview Tips: 7 Simple Strategies for Success

First Interview Tips: 7 Simple Strategies for Success

Ace Your First Interview: 7 Proven Tips That Get Results! Improve your Interview Style, with these easy quick wins. Navigating the job interview process can be a nerve-wracking experience, especially when it comes to that all-important first interview. It’s completely understandable to feel a mix of excitement and anxiety as you prepare to showcase your […]
Demystifying Temporary Staff: Your Solution for Talent Challenges

Demystifying Temporary Staff: Your Solution for Talent Challenges

Are you facing talent shortages or pressing project deadlines? Let’s talk about how temporary staff can be the game-changing solution you need. In the UK alone, 1.3 million talented individuals are stepping into temporary roles daily, bringing a wealth of experience and a commitment to delivering high-quality work within tight deadlines. For those who suddenly […]
The Benefits to Hiring a Temp or Contractor

The Benefits to Hiring a Temp or Contractor

You have big ideas.   However, these ideas come with the need for an increased level of niche skill or time that your employees may not have.   What can you do?   Hire a temporary worker or an interim contractor:   What is a temporary worker / interim contractor?   An interim contractor is […]
8 Ways to Supercharge Your Talent Pipeline

8 Ways to Supercharge Your Talent Pipeline

The talent landscape is evolving rapidly, driven by technological advancements and shifting workforce expectations.   In a world increasingly dominated by AI and automation, the human element in recruitment has never been more critical.   Here are our key strategies for a talent attraction strategy in 2024:   Humanise the Hiring Process AI has its […]
6 Meaningful Career Goals for 2023

6 Meaningful Career Goals for 2023

It’s January 2023, a new month, and a fresh new year.   Are you a person who likes to set new year’s goals?   How often do you set career new year’s goals?   Work is such a big part of our lives. Have you taken time out to reflect on your professional life, and […]
Women in Leadership – Heavy is the crown

Women in Leadership – Heavy is the crown

Should we expect women in leadership roles to accept that they must represent the business and beyond at diversity and inclusion events as well as fit in their day job and personal life?   I spoke with a female board-level director about a career opportunity recently, she talked me through her incredible story, I was […]

Join 2,500+ forward-thinking leaders.

People. Culture. Growth.
Unlock your leadership potential with our biweekly newsletter. No spam, only gold.