Proactive Talent Acquisition and Retention in Supply Chain
Given the current labour market dynamics, it is imperative for businesses to adopt a more proactive approach to talent acquisition and retention within the Supply Chain space. Companies must develop and implement robust talent strategies, underpinned by effective communication of their Employee Value Proposition (EVP), to secure a competitive edge. This includes offering competitive salaries, flexible working arrangements, and an appealing work environment to engage top talent.
Lewis Ironside’s “The Battle for Talent | Supply Chain Market Update” provides an overview of the current Supply Chain talent landscape, offering foundational knowledge essential for implementing the practical strategies discussed in this piece.
The Importance of an Employee Value Proposition (EVP)
A compelling EVP is key to attracting and retaining top talent. It highlights the unique benefits and values your organisation offers, setting you apart from the competition. Showcasing opportunities to work on innovative projects, gain international experience, and make a significant impact on the business can draw in desired candidates. Consistently communicating your EVP across job ads, career websites, and social media ensures clarity and resonates with candidates who are looking for cultural alignment and career growth.
A Gartner study found that a strong EVP can significantly invite talent and boost employee engagement. For example, an appealing EVP can reduce compensation premiums by 50% and extend reach into the labor market by 50%. Organisations that effectively deliver on their EVP can decrease annual employee turnover by nearly 70% and increase new hire commitment by almost 30%.
Visit our blog "The Importance of an EVP" to learn more about the benefits and value add it brings to an organisation.
Implementing an Effective EVP
To strengthen EVP communication, it is crucial to consistently articulate the organisations core values, mission statement, and vision across all recruitment materials. Emphasise benefits like flexible work arrangements and career development opportunities in job descriptions and social media posts to showcase your organisation's advantages. Utilise platforms like LinkedIn and career pages with employee testimonials and virtual tours to foster engagement and provide an authentic glimpse into the workplace culture.
Training hiring managers to effectively communicate the EVP and using standardised job descriptions reinforce employer branding and align candidate expectations. Regularly gathering feedback and staying updated on industry trends helps refine the EVP strategy, ensuring it remains competitive. This approach continues to attract top talent, fostering resilient teams and sustained success in today's ever-changing Supply Chain market.
Leveraging an Applicant Tracking System (ATS)
For organisations looking to build a more robust Talent Acquisition Strategy, investing in an ATS will help to improve the overall candidate experience. An efficient ATS can streamline the hiring process, ensure consistent communication, and provide a seamless journey for candidates from application to onboarding. This not only enhances the process for candidates but also helps protect and elevate the organisation's brand in the market.
There are several highly rated ATSs used in Australia. Some of the best systems include:
Each offer unique features tailored to various business needs like talent management suites, collaborative hiring, recruitment marketing, and comprehensive analytics. Benefits include scalable solutions, strong collaboration tools, and integration with various job boards and other HR systems. See all the unique benefits these ATSs provide by clicking the links above.
The Power of EVPs and ATSs
In a post-COVID world, an organisation’s hiring success hinges on effectively communicating a compelling EVP and leveraging advanced tools like an ATS. By highlighting unique benefits, fostering engagement through consistent messaging, and using technology to streamline the hiring process, businesses can attract and retain talent, ensuring sustained success in the Supply Chain market.
For those seeking a competitive edge, visit our Supply Chain & Operations team page for personalised advice and insights.
We have curated a full resource pack below where you will find a thorough analysis of the current Supply Chain market, expected trends, and tips to adapt accordingly. Download now using the link below!
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