Hiring and keeping the best employees is a big challenge in the current labor market, but SMBs have advantages they can leverage.
With unemployment at record lows and job-hopping the new national pastime, the competition to hire and retain the best employees has never been more intense. The National Federation of Independent Business (NFIB) reports that job creation at small and midsize businesses (SMBs) broke a 45-year-old record earlier this year, but 49 percent of SMB employers were unable to fill some positions due to a lack of qualified candidates. Often, they are competing against much larger businesses for the same candidates, and that’s a real problem. Big companies are going to incredible lengths to boost their hiring and retention capabilities. IBM, for example, has built a tool that uses AI to predict (with what IBM says is 95 percent accuracy) which employees plan to quit within the next six months, so managers can take steps to keep them from leaving. Research firm Gartner says almost every Fortune 100 company now has a head of talent analytics and a team of data scientists embedded in the HR department. With resources like that available to larger employers, how are SMBs supposed to compete?
The answer is, by asking for help, leveraging the advantages inherent in their corporate culture, and tapping into the same kind of data- and technology-driven capabilities that big companies use.
Experienced recruiters can help
Denne historien er fra June 2019-utgaven av Inc..
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 2019-utgaven av Inc..
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Lift Off - Would you pay $50,000 to touch the edge of space?
Would you pay $50,000 to touch the edge of space? Meet the entrepreneurs providing a rarified clientele with a luxurious, once-in-a-lifetime journey.So you want to go to space. To take in the expansive curvature of the Earth glowing miles above the atmosphere, surrounded by pure darkness. To experience the mind-altering overview effect described by astronauts as a transcendent state of awe, staring back at the planet on which you've inhaled your every living breath.
There Will Always be Those Who Doubt You and Your Vision. Here's How to Tune Them Out. - Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy,
Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy, the midlife wisdom school I co-founded in 2018.
A Scientific Discovery that Unlocks Your Body's Healing Power
The founder of Stemregen, a company that creates powerful supplements that stimulate the body's natural repair system, explains how a \"fringe idea\" opened up a new world of stem cell therapy.
Transformative Growth: Agency Masters the Art of Evolution
As a destination marketer, Awestruck has mapped out a journey to success by constantly developing its services and its staff.
For the Love of the Restaurant Experience
The founder and CEO of DJB Hospitality shares his passion for the challenging and uniquely rewarding hospitality industry.
Custom PEO Solutions for Blue-Collar Industries
COMPEO is an HR management solutions provider with a jaw-dropping five-figure growth rate.
Homebuying Was BrokenMeet the Founders Here to Fix It
Cecilian Partners is a fast-growing technology firm providing end-to-end solutions for production homebuilders and land developers.
A Focus on Complete Solutions for Regulatory Environments
The Northcross Group develops sustainable processes for clients with compliance needs.
An AI Startup That Sanctifies Time
Created around the idea that time is sacred, Laurel helps clients reclaim it so they can make more money in less time.
The Former Wall Street Analyst Teaching Wealth-Building to the Masses
Empify is a fintech startup providing financial education tools and resources for the 99 percent Wall Street often overlooks.