employee retention

December 5, 2022 by Amy Shanks Leave a Comment

EQUALITY VS. EQUITY: WHAT’S THE DIFFERENCE?

While equity and equality appear the same, they are quite different in the workplace. If you want your organization to champion an inclusive workplace culture, then distinctions must be drawn between the two ideas. Let’s look at equity and equality and why it’s vital that your organization make the shift to a more inclusive work environment.

Equality vs. Equity

“Equality” in the workplace means treating all candidates and employees the same and offering them the same opportunities, regardless of age, gender, race, religion, sexual orientation, and other identifying demographics. An example of workplace equality in the recruitment world would be all candidates receiving the same amount of time to complete a sample work assignment as a part of the hiring process.

Equity is a similar concept, but with a focus on the individual. “Equity” in the workplace offers all candidates and employees the same opportunities while taking into account their individual needs for specific support and resources that level the playing field. Promoting equity means ensuring that candidates are free from bias.

The difference between equality and equity can be demonstrated using employee benefits as an example. Equality in employee benefits would be all employees receiving the same benefits package (insurance, pension plan), and equity would allow employees to choose benefits that suit them best according to their situation. For example, someone with insurance through a partner might prefer more salary over the company plan, and equitable benefits include spousal health insurance available to same-sex couples and non-traditional families.

What Employees Want

Aside from contributing to a more inclusive culture, promoting equity in the workplace is important because it’s what employees want. CNBC reported that nearly 80% of the workforce wants to work for a company that values diversity, equity, and inclusion. It’s beneficial to your business, as well, because an inclusive work environment produces a wider variety of perspectives. A variety of ideas from people with different backgrounds drives innovation and improves the turnaround time for problem-solving. Organizations that promote equity and inclusion are far more likely to retain employees longer than those that don’t bother.

Catering to the different needs of your employees encourages their full potential. Unsure where to begin assessing equality or equity in your workplace? Getting employee feedback is a great place to start. Evaluate your pay structures and see if employees are paid the same if they are doing work of equal value. When implementing the new policy, it’s crucial that you develop a way to track your progress.

October 20, 2022 by Amy Shanks

HOW TO PREVENT IMPOSTER SYNDROME IN YOUR LAW FIRM

The term ‘imposter syndrome” was first coined in 1970 by clinical psychologists Pauline Rose Clance and Suzanne Imes. It describes the experience of successful individuals who feel they are not deserving of their success. These individuals are constantly waiting to be exposed as “frauds.”

Although imposter syndrome is in every profession, it is particularly prevalent in high-pressure careers. This is likely due to the competitive nature of legal and medical jobs and the high expectations placed on lawyers and doctors to perform at a consistently high level.

Law Firms and Imposter Syndrome

Imposter syndrome can harm both individual lawyers and the legal profession as a whole. For individual lawyers, imposter syndrome leads to feelings of anxiety and self-doubt, which may affect job performance. Additionally, this syndrome can make lawyers less likely to take risks in their practice or be innovative because they fear being exposed as “not good enough”. Imposter syndrome can also create a work environment where employees do not feel comfortable sharing initiatives or ideas, thereby stifling creativity and innovation.

Steps to Prevent

Creating a supportive work culture to combat imposter syndrome in the legal sector is vital. A positive work culture is one in which employees feel comfortable taking risks and trying new things. One way to prevent this syndrome is to implement an in-house action plan. The action plan should be tailored to legal recruits and encourage positive work culture. Mentorship programs can also provide support for new employees who are struggling with trying to find their place and identity in a new work environment. Finally, by taking these steps, the legal profession can create a more welcoming environment for all incoming recruits and improve the turnover rate for prospects.

At Strategic Recruitment Solutions, your success is our success. Our reputation for client satisfaction results from our commitment to clients’ objectives and beyond. We are the legal and tech recruiting firm for top employers in New Orleans, Baton Rouge, and the Gulf Region. Our focus is on building long-term relationships with companies that employ the highest-quality professionals. Call us today at 888-366-6508. We can help you find the best fit to join a legal or IT team.

September 2, 2022 by Amy Shanks

POSITIVE EMPLOYEE EXPERIENCES INCREASE PRODUCTIVITY AND PROFIT

Strategic Recruitment Solutions - Employees — Employees who are engaged are happy employees!

Did you know that are not engaged or actively disengaged cost employers 7.8 trillion dollars in lost productivity last year? According to Gallup’s State of the Global Workplace: 2022 Report, only 21 percent of the world’s employees were engaged at work. Employers who make engagement the controlling factor in day-to-day operations stand out from their competitors. Employee engagement translates to:

10% higher customer loyalty/engagement
23% higher profitability
18% higher productivity (sales)
14% higher productivity (production records and evaluations)
18% lower turnover for high-turnover organizations (those with more than 40% annualized turnover)
43% lower turnover for low-turnover organizations (those with 40% or lower annualized turnover)

Employee Productivity Equals Profit

Employees who associate positive feelings with the workplace are by far more productive. One reason is that workers who are enthusiastic and passionate about their work spend less time on distractions.

Studies show that employers who create a positive work experience are more likely to see a profit. Companies with a high employee engagement have 41 percent less absenteeism and 17 percent more productivity.

Specific to Law firms

COVID and the Great Resignation combined to create a scarcity of talent. As a result, many more law firms are finding it harder to hire and retain associates and paralegals in today’s highly competitive environment.

Law firms have been transitioning since 2018 when according to the U. S. Bureau of Labor Statistics, the legal sector reported a loss of 1,400 in January and February alone. Legal staff cited time demands and a toxic culture as the main reasons they left their jobs, while associates wanted more respect, collegiality, and kindness.

If your firm is experiencing a higher-than-average turnover rate, it may be time to consider the following five factors for employee retention.

Inclusion is Crucial

When an employer commits to diversity, this helps to improve the overall employee experience. However, an effective dedication to inclusion and diversity must be genuine.

Though employers may say they’re dedicated to inclusion, it’s easy to leave implicit biases unchecked that may be more obvious to the employee. After all, they are directly affected by decisions informed by possible bias. A genuine commitment to inclusion involves a philosophy in which all employees and their unique experiences inspire each other to go the extra mile for the firm. An employer must be willing to examine its cultural blind spots and address unconscious bias to implement these ideas.

Value Employees

Employees who feel valued are likely to go the extra mile. By showing interest in your employees and getting to know them, you will learn which projects they enjoy and their aspirations for their career growth. Another way to show you value an employee is to acknowledge their work publicly.

Provide paths to progression

According to the NALP Foundation for Law Career Research and Education and its 2021 survey of 126 law firms, pre-COVID associate hiring decreased by nearly 50% between 2019 and 2020.

Engagement research outside the legal arena suggests that systems with clear paths for progression, measurable progress, benchmarks, etc., align with what people want right now. Lawyers are likelier to thrive when leaders set clear expectations and pathways to advance.

Build Trust With Your Employees

Trust builds over time. Employees want to work for people with integrity. Always maintain a professional and ethical environment and when you are wrong, admit it. Building trust allows you to have difficult conversations without damaging relationships.

Support Mental Health

Did you know that, during the pandemic, more than one-third of Americans exhibited clinical anxiety and depression? This statistic is alarming for the legal profession, whose numbers were already high. Anxiety, depression, stress, and substance abuse are no strangers to the legal profession. When you create a psychologically safe space for employees to speak up and be themselves, you create a healthy work environment. Your firm can also encourage a balanced lifestyle, respectful behavior towards others, and valuing diversity.

The world has changed. Today’s associates have different wants and needs. If you want to win the talent war, you’ll want to take the right steps to help your firm be the law firm of choice.

October 28, 2021 by Amy Shanks Leave a Comment

SRS – RECRUITMENT AND RETENTION – 5 THINGS EMPLOYEES WANT MORE THAN A RAISE

Employee retention will increase your bottom line. Read these five tips to increase employee retention.

An estimated 41 million employees voluntarily quit their jobs in 2019, according to the Work Institute. By the end of 2020, the firm predicted that 47 million, or roughly 1 in 3 workers, will leave their employment. According to the U. S. Bureau of Labor Statistics, businesses lose up to a trillion dollars annually due to voluntary turnover.

When you consider that cost of replacing an employee is one-half to two times the employee’s annual salary, it makes sense to work on retention. For example, for a 100-person firm with an average annual salary per employee of $50,000, turnover and replacement costs may be $660,000 to $2.6 million per year.

Employee retention is when managers know how to put employees in the right roles and give them suitable projects to keep them engaged, productive, and want to work for the company and the manager.

The benefits of employee retention are:

Increased employee satisfaction
Better employee morale
Increased performance and productivity
Improved work quality
Increased return on your investment (ROI)

Conversely, the price of replacing an employee includes recruitment costs, training, lower productivity, and a lower level of customer satisfaction.

In their book, Love ‘Em or Lose’ Em, authors Beverly Kaye and Sharon Jordan-Evans asked over 18,000 employees why they stayed with their organizations. The result was a bestselling employee retention guide that provides valuable insight into employees’ top non-financial reasons for
staying.

In a Gallup survey, over 50 percent of exiting employees said that in the three months before they left, neither their manager nor any other leader spoke with them about their job satisfaction or future with the organization.

Most employees agree that what they want is exciting, challenging, or meaningful work. Although we all can’t have jobs as exciting as being an astronaut, here are five ways to improve your employee recruiting practices and increase the retention of employees in your business.

1. Form teams.

While in teams, workers learn more, have more variety in their work, and perform much better with follow-up tasks. Teams are great for keeping active engagements and encouraging more accountability. It is a win-win for everyone.

2. Challenge Employees with New Assignments.

New responsibilities can help your employees feel valued. Show your employees you trust them by giving them responsibilities that allow them
to grow.

3. Seek Employee Feedback.

Employees want more than an annual review. Furthermore, employees want to know about their performance, and if you provide them with continual feedback, their work will improve considerably.

4. Recognize Quality Work.

The rewards you give your employees should speak to their emotional needs and should go beyond their monetary compensation. Recognition contributes to the positive culture of the company and can be a great morale builder.

5. Provide Your Employees with Learning Opportunities.

German law provides a Bildungsurlaub, five days off annually to participate in an approved training course. Although not many countries have a law like this, the idea of enriching a job via a learning experience will keep your employees educated and interested.

Finally, communication is key to a great workplace. When your employees feel that they can come to you with ideas, questions, and concerns, this leads to a positive environment.

At Strategic Recruitment Solutions, your success is our success. Our reputation for superior client satisfaction results from a tireless commitment to exceeding our clients’ objectives. Furthermore, we are the recruiting firm for top employers in New Orleans, Baton Rouge, and the Gulf Region. Our
recruiters will partner with you in your search for highly talented legal, management and technology hires. They will lend their industry knowledge, experience, tools, and technology to enhance your recruiting strategy.

We have been matching top companies with top talent in the Gulf Region for more than a decade. Our focus is on building a long-term relationship with your company. Call us today at 888-366-6508. We can help you find the best candidate to join your legal or IT team.

July 30, 2021 by Amy Shanks Leave a Comment

FIVE REASONS WHY EMPLOYEES QUIT

Employee burnout is the number one reason, employees leave employment.

Turnover is expensive. According to statistics, it cost employers three times a person’s salary for each replaced employee. The reasons why good employees quit are similar in robust economies as well as weak ones.

An article on NBC’s website revealed that a 95 percent of all employees were considering finding a new job and 92 percent would consider switching industries for a new position. The top reason for leaving was employee burnout. Although better pay packets and loftier job titles account for many resignation letters, there are other reasons why employees leave. Employees also quit because they seek recognition, opportunities for growth, and better benefits. Beyond these factors though, research into employee turnover has unearthed a host of additional subtle and emotional factors that determine whether employees become job seekers.

Here are five reasons why employees quit and employers can do about it:

1. Poor Team Compatibility

Many hiring managers place too much emphasis on the technical requirements of a job and not enough on the applicant’s “soft skills.” The result is that too often, they hire for skills and fire someone because of incompatibility.

The keys to battling turnover are culture, compatibility, and mission. A great way to increase retention is to benchmark top performers using a personality survey to assess how you can emulate their “chemistry and fit” within your firm.

2. Lack of Appreciation

It’s important to remember that most people don’t quit their companies, they quit their boss. Strong words? Perhaps. But before you ask your next achiever, “what have you done for me today?”, make sure you give praise. Employees want to be recognized for their efforts and thrive on being appreciated. There are many ways to recognize employees.

3. Advancement & Personal Growth

In today’s fast-moving environment, employees want to learn and be challenged. Companies that offer multiple options for employees to learn new technologies and techniques gain a competitive edge. Most employees are interested in “sharpening their saw” through training, personal development, learning new tips and strategies. When you provide these opportunities, you are giving your employees a fresh outlook on organizing and approaching their day-to-day tasks. Seventy percent of 2,000 millennials surveyed said they would quit a job if it lacked high performing and fast technology.

4. Show More Empathy

A 2021 study by Business Solver showed that 92 percent of employees would be more likely to remain at their job if their bosses showed more empathy.

5. Compensation

Why isn’t money at the top of this list? Because “show me the money” isn’t all that it’s cracked up to be. Money is seldom the driving issue assuming that you are paying a competitive wage. Instead, when items 1-3 are missing in an employee’s job satisfaction, then compensation becomes an added reason to leave.

At Strategic Recruitment Solutions, your success is our success. Our reputation for superior client satisfaction is the result of a tireless commitment to exceeding our clients’ objectives. We are the recruiting firm of choice for top employers in New Orleans, Baton Rouge, and the Gulf Region. Our recruiters will partner with you in your search for highly talented legal, management and technology hires. They will lend their industry knowledge, experience, tools, and technology to enhance your recruiting strategy. SRS has been matching top companies with top talent in the Gulf Region for more than a decade. Furthermore, our focus is on building a long-term relationship with your company. Call us today at 888-366-6508. We can help you find the best candidate to join your legal or IT team.