BestCompaniesAZ Blog
After all those interviews, you’ve finally found the right candidate, and you have a signed offer. Yay! Onboarding starts immediately, even if the candidate doesn’t. It’s great when your new hire can start right away, but more often there’s a two-week time lapse between signed offer and start date.
GIVING IS WINNING
You could win a million dollars by supporting the Health & Wealth Raffle to benefit St. Joseph’s Hospital & Barrow Neurological Institute.
The raffle is more than prizes. Dollars raised go to support the advancement of medical education, research and patient care for the amazing works of Barrow Neurological Institute and St. Joseph’s Hospital. Learn more here.
Many of you may know WorldatWork by its original name, American Compensation Association. The name changed 12 years ago because the Scottsdale-based nonprofit HR association is no longer just American, it’s global, and it has expanded to offer benefits and work-life training and certification in addition to compensation. For ease of reference, WorldatWork refers to compensation, benefits and work-life programs as “total rewards.”
Originally published on the Schwab Talk Blog Posted by Sarah Bulgatz
Schwab was one of 27 companies recently awarded the annual Gallup Great Workplace Award. According to Gallup, the award honors “organizations whose employee engagement results demonstrate they have the most productive and engaged workforces in the world.” Schwab Senior Vice President of Talent Management Mary Coughlin shared her perspective on what makes Schwab a great place to work, as well as what she sees are the challenges and opportunities in maintaining a high level of workplace engagement.
“Don’t give your customers what they want. Give them what they need, even though they may not know it yet.” – Jaime Casap, Google
This was just one of the tidbits of encouragement from the 100 Best Arizona Companies celebratory networking and education event held by BestCompaniesAZ at the auditorium of the U of A College of Medicine on November 13.
Denise Gredler, CEO of BestCompaniesAZ, noted that in the ten years since the founding of BestCompaniesAZ, workplace culture has progressed from “fluffy HR initiative” to an essential business strategy. Five leaders of award-winning companies shared how their cultures have given them the competitive edge.
An executive recruiter I was consulting about filling a senior level leadership position glanced approvingly at the commemorative plaques lining the wall of my conference room. “Those plaques really do make a difference”, she noted. Recognition as a top workplace does make a difference, especially in recruiting and retention of scarce talent in technology, sales and other in-demand areas.
In our August 29th blog, we discussed the war for talent and the impact on your bottom line. The development of a unique company culture is paramount to you attracting and retaining top talent, which is now a strategic imperative that drives ROI.
The implementation of meaningful hiring, on-boarding and retention programs will set a sturdy foundation for your company’s culture. To drive these programs, a key component will be limiting employee turnover. In order to limit turnover, you must determine the cost of turn to your organization.
The war for talent has returned, but it’s dramatically changed in the past five years. Employers everywhere see a skills gap between what they need and what candidates have to offer. “Skinny resumes” are the new normal. While there’s no shortage of applicants, candidates in the sweet spot of skills, experience and culture fit are maddeningly scarce. Short-staffed hiring managers cringe thinking about the bidding wars that can erupt over a desirable candidate.
Other than bribing rockstar ninjas with exorbitant salaries, what can you do to attract stellar talent?
With a long history of compassionate care, Dignity Health had its Arizona beginning with the establishment of St. Joseph’s sanitarium in 1895.
Originally, St. Joseph’s offered twelve beds and was housed in a rented six-bedroom cottage. As the population of the valley grew, the hospital expanded to meet the needs of the community.
In creating best companies, some organizations break the mold.
Companies build their success in different ways. Are any of these six courageous moves right for your company?
DITCH YOUR PERFORMANCE REVIEWS.
Arizona author Dale Dauten wrote, “Have you ever had anything good come of doing performance appraisals? The answer is, of course, ‘no”. Since then, a few innovative companies like McMurry have ditched performance evaluations in favor of future-focused Performance Previews or Success Plans.
INVITE MANAGERS WHO DON’T FIT YOUR CULTURE TO BE SUCCESSFUL SOMEPLACE ELSE.
Culture fit is important in all employees, but especially so for managers. People leave managers, not organizations. Best companies offer coaching, but if all else fails, a boss that doesn’t fit the culture may need to go.
