One of the hardest parts of running a successful business involves a particular process that many people believe is easy. Hiring and maintaining talented and hardworking employees is not as easy as most people believe and can seriously hurt the success of a business. As a result, the best businesses look to the help of executive hr search firms.
The percentage of female CEOs in Fortune 500 companies topped 5% for the first time in Q1 2017, with 27 women heading major firms. This statistic notes a huge change for businesses that the best executive hr search firms will already be on top of. Now, more businesses are prioritizing diversity and promoting a healthy workplace safe for all kinds of people. Here are all of the benefits from human resources and human resources consulting firms.
Hiring The Right Employees Is A Huge Deal
Hiring the right kind of employee is the starting place for anyone that wants success for their business in the competitive business world. A survey was conducted by Robert Half that revealed that one-third, or 36% or all 1,400 executives surveyed believed that the number one factor leading to a failed hire was a poor skills match. This means that the employee hired was not capable of performing the required tasks.
The second most common factor that leads to a failed hire was revealed to involve unclear performance objectives. This foreshadows the importance of having a good management team that can help develop employees and workers. So look to the help of executive hr search firms for great plans to get implemented into your workplace.
Another benefit of hiring human resources consultants involves getting a great work environment that is bound to have success. Recent research from McKinsey has revealed that gender-diverse companies are 15% more likely to outperform their peers. In this same regard, ethnically-diverse companies are 35% more likely to outperform their peers. So it is imperative to get help from talented human resources recruiters and more.
Working To Keep Employees Is Incredibly Important
Another huge challenge for modern businesses deals with employee retention. As a matter of fact, this can cost a business serious money when it comes to developing a profit because they have to hire new employees which can hurt the overall production rate. Now, there are more businesses struggling because they have yet to receive help from executive hr search firms.
Millennials were coined as the Job Hopping Generation by a 2016 Gallup poll in which 6 in 10 stated that they are open to a new job at any given moment. This is more than any other generation before and suggests that keeping employees happy is the key to success. Understand that 2.7 million workers voluntarily left their jobs at the end of June 2015, a 25% increase compared to two years ago.
While many businesses are worried about employee retention, they often fail to implement helpful guidelines and programs to keep employees feeling valued and happy. This is the easiest way to keep employees and takes very little work from management. As a matter of fact, 86% of companies with employee recognition programs cite an increase in worker happiness.
According to a Gallup poll, only 2 out of 10 workers believe their manager is doing a good job of encouraging them to do their best work. This does not bode well for any business in the United States no matter the scale and production rate. Anyone that wants success should look to the help of executive hr search firms to integrate plans to keep employees happy!
Closing Remarks On Executive HR Search Firms
Do not waste time on programs and strategies that may not actually wield any positive results for your business. this will potentially waste your time, money, and efforts on something that will not actually help you out. So take the time to there in great HR workers or one of the talented executive hr search firms.