What is your company doing to attract the best and the brightest? Recently surveyed CFOs claimed they go the extra mile to gain access to highly skilled workers. Do you?
Hiring has become more competitive than ever, and companies are continuing to look for ways to lure in employees with in-demand skills. Upping compensation is still a popular way to attract the hires you want, but for those with tight pay budgets, that’s not an option.
CFOs recently shared the various strategies they use to ensure their companies have access to highly skilled employees in a survey by Accountemps.
Here’s what they said works for them:
- Improving benefits (46% of CFOs claimed to do this)
- Increasing compensation (45%)
- Investing in internal candidates (42%)
- Hiring temporary workers (26%)
- Hiring prospects from other cities and allowing them to work remotely (21%)
- Paying relocation expenses for top candidate
Building your team
Looking to expand your Finance department? Here are four ways you can make sure it’s filled with highly skilled employees:
- Work from within. You may not need to hire an outsider. Look for less-experienced employees with potential and pair them with mentors who can help them move up the ranks.
- Get them out of their comfort zones. Give your existing staff assignments that challenge them to expand their skill sets and give them experience and confidence.
- Keep the workload fair. Overburdened employees can burn out easily, no matter how skilled they are. Consider hiring temps if the workload gets too heavy.
- Look past the money. Yes, highly skilled, in-demand workers will expect good compensation. But, as the Accountemps study shows, they will also be looking for other factors, like advancement opportunities and top-notch benefits. Don’t let great hires slip through your fingers by focusing solely on their paychecks.