Great resignation or great reshuffle? The fight for talent continues to intensify in this tight labor market. Employees seek fulfilling work with flexibility that supports better work life balance and adds value to their lives. Here are proven strategies for attracting, keeping, and motivating employees.

1. Attracting employees

• Pay appropriately and transparently. Technological advancements have given rise to discussion forums and publicly available compensation data. Many employees can easily access crowdsourced data and other insights that suggest the value of their jobs. Providing competitive total rewards to potential employees isn't only fair but essential to attracting them.
• Fortify workplace flexibility. The ability to work from home, flexible hours, and flexible personal time off (PTO) options are now typical work arrangements. Support employees through effective and inclusive policies while increasing employee productivity and engagement within your company culture.
• Support employees throughout various career stages. Showcase how you continue to develop talent after hire. Prospective employees value seeing a clear path to success through career development as well as a healthy organization looking to retain top talent.
• Consider individually tailored benefits packages. Stand apart from organizations by offering more traditional packages that provide customizable benefits options.

2. Retaining and motivating employees

• Acknowledge performance and tie it to rewards. For a more fulfilling and personalized workplace experience, show employees how promotions, transfers, and other incentives tie directly to their performance.
• Embrace a holistic vision of well-being. Offer programs that openly bolster physical, financial, social, and emotional health for greater job satisfaction. Motivate employees with opportunities to contribute to a larger and more meaningful purpose.
• Communicate clearly and through more channels. The highest performing organizations deliver more inclusive, wide-spanning communications across various media. From giving and receiving feedback to general announcements, empower your team to speak up and stay informed. Meet employees where they are. Whether on social media, the manufacturing floor, or outside the office, ensure all your employees receive the same clear message.
• Use a multi-perspective, data-driven approach. Understanding, monitoring, and influencing employee engagement has increased and become more complex now that we are a broadly distributed workforce. The highest performing organizations retain and motivate their talent with strategies derived from a balanced, data-backed mixture of perspectives.

Contact us at surveys@mercer.com or 855-286-5302 today!