Tips for Successful Employee Recruitment

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Recruiting employees is a necessary part of managing a company. Due to the time and expense involved with hiring, training and retaining top talent, hiring managers need to find candidates with the required skills and experience who will fit best with the company culture. Fortunately, there are steps managers can take to improve the process. Here are five tips for successful employee recruitment.

Be Perceived as a Top Employer

Ensure employee practices for involvement, motivation, accountability, recognition, reward, promotion and retention make the business attractive. Also, encourage employees to discuss why they enjoy working for the organization and what benefits it may provide job candidates.

Use the Company Website for Recruiting

Make sure all information on the company’s vision, mission, values, goals and products/services is prominently displayed to attract candidates with similar interests and beliefs. Also, include employee interviews that provide insight into what it is like working for the organization. Include an employment section detailing open positions and what skills and experience the best candidate will possess.

Improve the Candidate Pool

Cultivate relationships with recruiters and staffing firms. Encourage employees to participate in industry conferences and professional associations so that they can network with potential job candidates. In addition, monitor job boards for active or passive candidates who may be looking for a new role. Place job postings on websites and in magazines of professional associations. Search for candidates on LinkedIn or other social media as well.

Involve Employees in Recruiting

Encourage employees to recommend candidates for open positions. Provide a monetary incentive if the candidate is hired and stays for a set time. Ask employees to review resumes and potential fit with company culture for candidates interested in working in their department. Employees know what their jobs entail and what company culture is like, making them perfect for that task. In addition, request that top employees meet with candidates during interviews to discuss their role within the organization and what they enjoy most about working there.

Increase Compensation, Benefits and Perks

Offer compensation, benefits and perks that are greater than what your competitors offer. For example, research what the average salary is for a position in your industry and offer a slightly higher salary. Also, find out what the average benefits package is within your industry, beyond health insurance and a retirement plan, and add in other benefits your company can afford. In addition, determine what perks your employees value most, such as working remotely or setting their own schedule, and offer what you are able to. Furthermore, educate candidates on the value of your compensation, benefits and perks so that they understand they are highly valued and want to work for you.

Partner With WinCorp Solutions

For assistance with securing professional workers, get in touch with WinCorp Solutions.

The Importance of Staffing Firms

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Staffing firms recruit, train and manage workers who help with companies’ production on an as-needed basis. Whether providing qualified workers for a few days or months or on a potentially permanent basis, utilizing staffing firms’ services can provide advantages for employers. Here are five reasons why staffing firms are important.

Expertise

Staffing firms’ employees are experts in their field. Because they typically have higher levels of education, skills and work experience, the employees are highly knowledgeable about companies’ job requirements, employment trends and best recruitment practices. Firms’ employees also remain current with news and trends in their industry, especially if they specialize in a specific niche, which provides additional value when sending workers to a company. In addition, because firms’ employees collectively have a larger network than a typical company does, firms can quickly provide qualified workers to fill job vacancies when needed. Furthermore, firms’ employees are well-trained in prescreening job candidates to fill an organization’s needs.

Flexibility

Working with staffing firms provides flexibility.  For example, if a company’s employee is absent due to a planned event such as a vacation or unplanned circumstances such as illness, using an employee from a staffing firm can replace the employee for as long as necessary. Also, if an employer is looking to fill a long-term position, they can offer a temporary-to-permanent position that allows the employer to observe a worker’s qualifications, personality and job performance before deciding whether to hire the worker as a permanent employee.

Productivity

Mixing temporary workers with employees helps improve productivity. For example, bringing aboard temporary workers during busy times can help reduce employee workloads, decrease work errors, lower absences and prevent burnout. Also, because staffing firms invest the time and money needed to recruit, train and retain temporary workers, hiring managers can focus on other production responsibilities.

Lower Cost

Partnering with staffing firms typically results in lower costs. For example, because temporary workers are the firm’s employees, the firm covers costs related to pre-employment testing, background checks, drug screens and other parts of the employment process. The firm also handles payroll processing and benefits administration, further reducing an employer’s labor costs. In addition, having the firm quickly provide workers when needed results in continued productivity rather than an open position that results in an employer spending time and money to do their own search. Furthermore, because workers are brought aboard only when needed, companies again save on labor costs.

Reduced Risk

Because there are many legal responsibilities involved with owning a company, bringing aboard temporary workers reduces risk. For example, being an employer involves paying payroll and different types of taxes; providing health, unemployment and other types of insurance; and complying with labor and employment laws. Also, employers face financial and operational risks such as hiring and firing employees or filling unexpected job vacancies. Since temporary workers are the staffing firm’s employees, the firm assumes associated risks.

Partner with WinCorp Solutions

Partnering with WinCorp Solutions will help fill your staffing needs. We ensure every candidate entering your office meets all your job requirements. Contact WinCorp Solutions today.

Retaining Your Top Talent

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Retaining top talent is a critical part of a company’s success. Keeping skilled professionals results in increased revenue, decreased recruiting costs, more effective business planning and other benefits. Therefore, companies need to have a strategy for encouraging employees to remain with them long term. Here are six ways companies can retain top talent.

  • Establish a Strong Company Culture

Top professionals seek strong company culture. To create and maintain culture, employees at all levels should ensure the company’s mission and values are displayed through every interaction and decision. Also, employees at all levels should be kept informed about new hires, charitable events, company news and other pertinent information. Employees who actively participate in many aspects of an organization feel like valued team members and stay with the organization longer.

  • Offer Flexibility

Remote work, flexible schedules and PTO are in high demand. Fitting in professional responsibilities around personal interests promotes greater work-life balance. As a result, employees are more engaged in their work, perform at higher levels and remain loyal to the company longer.

  • Improve Employee Engagement

Because the best employees are engaged in their work, companies should continuously provide the resources necessary for staying focused. Managers and colleagues should encourage open, frequent communication with team members. Also, managers should provide team members with the information and materials necessary to complete individual and team projects. Employees at all levels should be allowed to provide input on the company’s overall business strategy and further contribute to the organization’s success.

  • Provide Frequent Feedback

Skilled professionals benefit from frequent feedback on their performance. Managers should clarify expectations for each team member to help reach the company’s goals. They should consistently point out to each team member areas they excel in and discuss steps they can take for areas they need to improve in. In addition, managers should provide both verbal and monetary recognition in the form of bonuses, raises and promotions tied to accomplishments. Employees who have their contributions acknowledged feel valued, produce at higher levels and remain with the organization longer.

  • Invest in Technology

Maintaining current technology demonstrates a company’s commitment to evolving and improving business processes. Staying updated with technology helps an organization retain innovative employees who expand the organization.

  • Encourage Professional Development

The best employees expect to be offered opportunities for professional development. For example, companies can offer tuition reimbursement to encourage additional education, training or industry certification. Companies can provide online training to enhance employees’ qualifications for promotion. Employees consistently engaged in learning feel greater job satisfaction, increase their contributions to the organization and remain with the company longer.

For assistance securing skilled professionals for your organization, contact WinCorp Solutions today.

Attracting the Top Accounting Talent to Your Business

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Hiring top accounting talent is a necessary part of growing a business. With the high costs involved in recruiting, it’s imperative the right professionals are in place throughout an organization. Here are four ways a company can attract top accounting talent.

  • Network

Networking introduces top accountants to the roles they desire. For example, companies can utilize LinkedIn to search for accountants in the company’s geographic area, find candidates who are already connected to the organization, and ask to be connected with those candidates. Using warm introductions increases the potential for successful results. Also, if managers attended college locally, they can join alumni associations and post in their online message boards and social media groups when positions become available. Managers can contact accountants who left the company on good terms and may want to come back. Those accountants would be more productive when rejoining the company than a new hire without previous experience. Furthermore, managers can host career fairs at local college campuses and open houses at high schools to promote the accounting industry and positions available within the company.

  • Offer Internships

Internship programs provide a direct pipeline to accounting students. Future accountants can adapt to company culture while applying what they learned in school to gain on-the-job experience. Employers can evaluate interns’ performance to determine who should be offered full-time roles within the organization.

  • Provide Opportunities to Advance

When a company has a track record of developing and promoting top employees, more accountants compete to work for the organization. Top professionals want to continually develop their skills so they can move on to greater opportunities. For example, accountants should be able to work with clients from start to finish to experience the entire accounting process. Also, accountants should work in audit, tax, consulting and other areas to see which field they prefer. In addition, accountants should be given increased responsibility, more input in management decisions and the potential to become partners in a firm. Furthermore, continuing education should be provided so that accountants interact with other professionals, stay current in their field and add to their skill sets.

  • Partner With WinCorp Solutions

Partnering with WinCorp Solutions provides access to our vast pool of top accounting professionals. As experts in our field, we place the most qualified candidates to fill all of a company’s accounting needs. Organizations save time and money by engaging us as active participants in their recruiting process.

For assistance securing accounting professionals for your organization, contact WinCorp Solutions today.

The Financial Sector and Gender Diversity

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As a traditionally male-dominated industry, the financial sector is becoming more gender inclusive. More firms are realizing that empowering females to work at all levels increases innovation and moves organizations forward. Here are three ways the financial sector is working to promote gender diversity.

  • Welcoming Females in Finance

Major firms are forming special programs welcoming females into the financial services industry. For example, Merrill Lynch partnered with the Columbia Business School to launch Greater Returns, a program designed to welcome females reentering the workforce. The program provides opportunities for networking and leadership development to help females advance their careers. Goldman Sachs launched Returnship Initiative, similar to an internship but focused on providing intense training, mentoring and work experience for females restarting their careers. In addition, Bank of America launched Career Connections, designed to maintain connections with female alumni from financial organizations who took time off from their careers and want to reenter the workforce. When senior- and mid-level executives plan on taking off for one to three years, the executives help create a return plan and a schedule for contact and communications. Executives may still participate in company events to increase their skill sets. Upon returning to work, executives have a customized onboarding plan and peer coach to assist with the transition.

  • Adding Female Board Members

Increasing numbers of female board members in the finance industry are being reported. Opening up additional positions of influence for females will continue encouraging gender diversity in the field. For example, traditional qualifications for directors, including financial and operational skills and industry experience, are being replaced with qualifications such as technology and cybersecurity skills and international experience. Also, imposing a mandatory retirement age and term limits for directors can facilitate board composition changes. However, because the majority of banking and capital market companies lack a mandatory retirement age for directors, many directors serve long into their 70s. Because the majority of banking and capital market companies lack term limits for directors, the average tenure is eight years.

  • Modifying Company Policies

Many financial organizations are modifying company policies to accommodate the needs of female employees. Many firms are allowing remote work and flexible schedules to empower females to purse high-ranking roles. Also, many benefits are being added to provide support for females’ health and child care needs. Employees are being trained to identify gender discrimination and its effects on the workplace and business outcomes to cultivate a more inclusive work environment. Furthermore, programs are being designed to provide females with access to professional development opportunities to help advance their careers.

For assistance with securing a finance position, contact WinCorp Solutions today.