According to data collected by Seek, 2021 saw record-breaking job ad numbers and the lowest ever applications per job ad.

Kendra Banks, Managing Director, SEEK ANZ says, “2021 welcomed a number of record-breaking highs nationally. We saw more jobs ads on SEEK than ever before. Each state and territory recorded the highest number of ads within a month at one stage during the year, some multiple times, with multiple industries experiencing their own highest levels in SEEK history in 2021.”

Although there was a rising number of job advertisements, the number of applications per job ad saw a continued decline from May to November and according to candidate sentiment research undertaken by SEEK, there is evidence to suggest that one-third of Australians looking to change jobs within the next six months.

If these types of trends continue over the next year employers must implement strategies to retain existing employees and attract new talent effectively.

Here are our top 6 tips for hiring & retaining employees:

1. Ask the right questions

We all know that sometimes a candidate can appear to be a perfect fit for the job on paper, but it is essential to conduct an effective interview to ensure the applicant is the most suitable for the position. Recruiters need to look past the common interview questions and dig deeper. Taking the time in the interview process will help avoid any issues later on if the applicant is hired. Here are some interview questions to help you:

2. Hire fast

Recruiters must act quickly when good applicants apply for roles. Get them in as soon as possible for an interview and hire them because if you don’t get them, someone else will.

3. Provide growth opportunities

Provide staff with clear paths towards promotion and avenues for continued learning. High achievers tend to be lifelong learners. Nurturing growth through pathways and training will help fulfil employees own career and learning goals.

4. Open communication

Creating an environment open to communication will ensure any issues or grievances can be aired and acknowledged and enhance job satisfaction. Offering opportunities for feedback can increase job satisfaction and improve worker productivity.

5. Employee recognition

Fostering a recognition culture will help employees feel appreciated and motivated. Be sincere and specific about what you appreciate and the employees’ achievements. It is also important to ensure the recognition is timely and not acknowledged a week or month after the event. Psychology theory suggests that when an employer recognises employees it can strengthen bonds of trust, boost productivity and help employees feel safe, secure, and empowered to do their jobs.

6. Wellbeing and flexibility

A survey of 1,800 Australian workers rank wellbeing as the 2nd most valued preference from an employer behind remuneration and reward. With employees putting a high value on mental health support and work-life balance along with the significant impact of Covid-19 on many industries, it is vital now more than ever employers provide the appropriate support and flexibility for staff.

Adaptability Is Key

If the pandemic has taught us anything, it is that the workplace is continually changing and evolving, and it is up to employers to adapt and adopt strategies to help hire and retain good staff.

If you need any help or guidance in developing positive and practical HR systems, please reach out and we would be happy to help.

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