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Reducing Employee Turnover

February 14, 2020
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Reducing employee turnover is the need of the hour

According to the 2019 Retention Report from the Work Institute, around one in three employees will quit their jobs voluntarily by the year 2023. The report also states that 27% of employees left their jobs in 2018. Clearly, the writing is on the wall. Professional human resources teams have a job on their hands. They need to be proactive in ensuring that the best employees do not quit.

Hiring and consequent onboarding processes are time-consuming. Due to frequent turnover, employers have to undertake these processes frequently. Going scouting for talent every six months or so is a tiresome job. Moreover, in-house teams have limited access to talent. This is where external job consultants can help. It would be best if you were in touch with some of the top HR recruitment agencies in Dubai.

The job seekers’ market

As the unemployment rates have reduced over time, organisations have found it difficult to retain talent. Most companies have initiated employee benefit schemes like the introduction of gym facilities, free lunch and eatables and various other similar activities. Some others have opted for foreign travel for their best talent. While these activities have arrested the rate of turnover, there is still an imminent risk.

The advent of recruitment agencies

As retaining talent becomes a necessity, organisations are increasingly deploying recruitment agencies for hiring new employees. Companies now understand that no matter how much they spend behind employee welfare activities, it would be difficult to arrest the outgoing employees. This is where the expertise of external agencies can help.

The in-house team saves time

Scouting for talent cannot be the full-time job of the in-house HR team. They have other top priority work to do. Outsourcing recruitment activities to a top HR consultancy in Dubaiwill help them to focus on their core activities. Recruitment firms have a pool of resumes to scout for talent. Moreover, they can network and sort through resumes and do the first round of searching to provide only the best candidates for the in-house team to go through.

They know where to search for talent

The senior management of recruitment firms has spent several years in the industry. Knowing the industry like the back of their palms, they know where to search for the right candidates. They have networks of passive candidates whom they could reach out. Having access to exceptional candidates is a significant issue for recruiters. However, the best manpower supply companies in UAEknow how to access these candidates very well.

Recruiting agencies can spot fitment

Hiring a candidate also covers fitment into the organisation’s culture. When recruiters search for talent, they can match the skills and interests of a potential candidate with their inherent values. They can have insights about the fidelity of a candidate through their career progression and the length of their stay in various organisations. A knowledgeable recruitment company has more industry insights. They know whether a company was faring well or had a few bad quarters. They can keep this in mind when scouting for talent.

Conclusion

Employees are vital to the success of any organisation. However, being a jobseekers’ market, it has become a problem increasingly for the in-house HR team to scout for talent. To scout for loyal yet skilful talent, organisations are frequently going to recruitment agencies for their help.

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Copyright by Horizonhr Consultancy. All rights reserved.

Copyright by Horizonhr Consultancy. All rights reserved.