How Mentorship Programs Increase Employee Retention
October 24, 2024
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The workforce is constantly evolving and will continue to do so as long as there’s room for improvement. Whether you’re ahead of the game or still playing catch-up from previous years’ workforce trends, the future waits for no one.
Though anyone can research future workplace and hiring trends as they come and go throughout the workforce, it takes real game-changers in the developing world to take advantage of and be part of changes that are yet to come.
Each of the following workforce trends is key to overcoming recruitment challenges and fulfilling any hiring needs. Although each one is related to different aspects of the labor market, such as tech advancements, talent pool demands, and companies’ reputations, all of them are reshaping the workforce.
Keeping up with employment trends is as important as ever for businesses that want to attract, maintain, and grow their teams. Organizations are investing in the right areas: What employees have to say and want. And actually doing something about it.
Arguably, the workforce’s voice has a bigger impact nowadays than ever. Talent shortage and the focus on employee wellness have led companies to improve their Employee Value Proposition and employee experience in general.
Employee feedback will have even more weight in the workplace, especially when hot topics such as flexibility and the option to work remotely, mental health awareness, and overall well-being.
Since “work-life balance” can take on different meanings across teams, companies have been adapting to their employees’ needs by evaluating their workforce management styles and organizational culture in order to improve their alignment with the priorities and working conditions desired.
There are three aspects that have gained relevance over workers and candidates when it comes to improving the employee experience and making a company more attractive for talent pools: flexible schedules (four-day work weeks and adjustable working hours), office expenses and cost of work, and sustainability in business.
To avoid the looming hiring crisis and potential talent reshuffle, companies must focus on what they have to offer and where they may still be missing the mark.
DEI has been in the conversation when it comes to workforce trends in the past couple of years; still, many specialists predict 2024 will be a pivotal year for this aspect as it will influence talent attraction and how a company’s culture is perceived.
As an ongoing trend, diversity in the workplace will set the pace of companies and workers growth in many aspects. Multi cultural and generational workforces are more likely to have knowledge and ideas exchanges that will benefit employee development and workplace productivity.
Aside from fostering mentorship schemes that allow employees to learn from each other, inclusive environments set the ground for innovation and give workers equal chances to showcase their potential and access opportunities.
Business leaders looking ahead and refusing to settle for complacency are now aiming higher when it comes to their teams’ proficiency with day-to-day tasks. But here’s the kicker, roles and responsibilities don’t make employees great at their job, sharpened skillsets do.
Therefore, employers are shifting from looking for candidates with the perfect education and experience –known as unicorns– to recruiting professionals based on their skill sets and potential. The short supply of unicorn talent and the fact that job seekers can acquire certifications from online training to explore more opportunities has led to this shift in focus.
Keep the ball rolling with high performers by grooming teams beyond their roles. Focus on skills that transcend positions such as:
Once you’ve hired employees with high potential, help them master their craft by honing their skill sets through upskilling and strengthening your workplace with team-building exercises. Efficient working individuals in well-balanced teams make the winning recipe for success.
Help employees master their craft by honing their skillsets through upskilling and strengthen your workplace with team-building exercises. Efficient working individuals in well-balanced teams make the winning recipe for success.
Providing choices in learning outputs, reimbursements, or even just encouragement towards professional development and upkeep is engaging and will positively impact productivity.
Organizations are acknowledging the importance of both internal and external engagement. Meaning, workplace culture, employer branding, and community involvement are forced back under the microscope.
Platforms for centralized communication and digital task manager programs are doing their job keeping remote workers on the same page, but are they keeping teams together?
The potential to reinforce core values, transparency, and trust on micro and even macro scales lies in the hands of business leaders. Kick things into gear by sharing a company culture that surpasses cubicles and virtual offices and truly forms not just workspaces, but thriving communities of professionals.
High visibility of honest commitments to strengthen and positively impact the communities within and beyond an organization will be extremely sought after by job seekers. And though corporate perks and robust job descriptions are tempting, companies that talk the talk without walking the walk will lose out to competitors who are putting in the work to fulfill a sense of belonging within their organization.
Tools, updates, and a digital mindset to enhance efforts and propel success remain in the spotlight when it comes to workforce trends. The question “What is the future of work?” can’t even be answered without discussing how AI technologies are reshaping the digital revolution and taking each industry by storm.
From platforms that provide employee monitoring and analytics to fully AI-augmented workforces, the tech of the working world has evolved exponentially, creating a demand for talent that has the know-how and insight to stay ahead of the game. Instead of shying away from tech advancements, organizations are utilizing both the software and skilled professionals to continue simplifying their teams’ processes and workflows.
Although the ascent of ChatGPT raised many concerns about whether it will replace workers in some capacity, there are reports that suggest that AI will lead to the creation of more jobs. Having this in mind, workforce upskilling practices need a new approach as professionals can benefit from Artificial Intelligence for both learning and supporting them on their daily tasks.
Business leaders on their own path toward a digital revolution can bank on resources and programs with a greater range in capabilities and accessibility, especially if custom-designed. The true test for companies will be keeping the human element at the forefront of progress.
One of the biggest takeaways from 2022 workplace trends and every career trend is the continued effort in growing both people and companies. Job seekers, employees, and business leaders learn from and adapt to each other, effectively reshaping the workforce every day.
Carefully navigating the needs and vision of both workers and organizations is one part prediction and one part reflection.
So, before setting off and cleaning out the old in place of the new, take a good look at how far your organization and those around you have come from where they once started. Then get ready to go even further.
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