As experts in Executive Search & Recruitment for Responsible Business, we’re often asked what candidates are looking for in terms of compensation and how we can use this within talent attraction – whether that’s via job advertising, candidate packs or across the board in how we speak to candidates.
Benefits come in many different forms, and each individual will find something that talks to them and their own needs - whether that’s mental health or therapy-related benefits, free food or even a New Year gym membership - they need to be 5* tailored to your team!
With larger organisations being able to offer a wealth of benefits, being creative with your offer should be do-able no matter what size business you might be. A mix of remote/hybrid working, additional days off (e.g. birthdays, anniversaries, volunteering days), learning and development opportunities or compressed hours (5 days’ work in 4 for example) may all make the difference to the individual.
Money, money, money
It’s not all about the salary offered – although obviously this is still a key point in candidate decision making – invest time in offering as comprehensive a benefits package as you can, to tip the balance in your favour in a competitive talent market.
Flex is best
Outside of base salary, bonus or commission, think about workplace flexibility - including working hours, working days and locations – post-pandemic, these are increasingly important to potential employees. Being creative about how you can help employees at different stages of their lives is another draw for job seekers (e.g. childcare contributions, days off for charitable causes or environmental input like beach cleans).
Openness and transparency
People are much more open about salary these days, having a position of transparency may give you a competitive advantage, particularly in terms of the gender pay gap and fair pay for all.
Most importantly… deliver benefits your employees really want!
Find out what benefits are the most sought after by speaking to your employees and don’t rely on the benefits ‘you’ve always offered’. Talking to employees and asking candidates is the most effective way to truly find out what benefits are valued and what potential new starters will be looking for.
Ensuring benefits are a key part of your recruitment process will help your organisation stay ahead of the competition, reduce attrition and get candidates interested. If you’d like more help and advice with your recruitment processes in 2023, we’d love to talk to you.
Get in touch today to reap the benefits of working with the Sustainability & ESG recruitment experts.