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What’s your first response to the question, how to keep top talent? If you believe it is solely about offering them more money or prestige, consider this recent ranking of the top law firms in the country. The ones rated as the best for compensation or prestige didn’t even make the top ten.
Although compensation is an important factor, it is not always the determining or sole factor in what helps you retain your top talent. Here are five things that your top talent seeks beyond compensation:
Top Talent Seek Opportunities for Personal Growth
Learning opportunities can keep talented hires engaged in the firm’s work and mission. While especially popular in the IT departments, learning opportunities can also help retain employees in other areas. For example, one law firm in Australia provided the opportunity to learn Mandarin.
Recognition and Respect are Essential
Great employees continue to prove themselves every day. They help set and maintain the productive rhythm of the company by stepping up when needed and mentoring others. When you have top talent, it is obvious so why not, reciprocate. Recognition and respect from leadership helps to solidify the bond between your company and its great employees.
Top Talent Seeks a Leadership Team They Can Trust
Like all long-term relationships, trust is a factor. Fairness is a factor. Caring is a factor. Great employees stay because they can trust that leadership has their back. They can trust that leadership will make the best decisions for the company. They trust that when things go sideways, leadership will get the company back on course.
Stability Attracts Top Talent
A law firm with the right amount of stability can benefit the top young talent. It is essential to find the right balance between removing bad employees and allowing too much turnover. A successful organization has senior talent in place to help nurture young employees into a path towards leadership.
The Best Employees Share Your Company’s Vision and Strategy
Even in the hierarchical military chain of command, providing a clear strategy will help you retain the best people. The talented want to see their roles in your firm’s strategic plan.
But before you can link employee values and personal goals with your firm’s, you must find out which talent is the best fit. To do this, the “Harvard Business Review” suggests not just looking for ability but also aspiration. At Strategic Recruitment Solutions, our goal is to connect our Client Partners with the best active and passive candidates searching for a high-end career. Our experts can help streamline your executive recruitment strategies and assist in managing the entire interviewing and hiring process.
Strategic Recruitment Solutions has been matching top companies with top talent in the Gulf Region for more than a decade. We focus on Legal and IT Recruiting and have industry-expert recruiters that can offer the kind of insight and guidance that helps grow companies and careers. We have offices in New Orleans and Baton Rouge and are ready to help your business identify professional candidates for the legal and IT industries.
When you are ready to add to your team, consider partnering with us. We can help you recruit and retain employees now and in the future. Call us today at 888-366-6508.
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