Recruitment Strategy, as in Real Estate: Location, Location, Location

employee quit rate
If you watch any real estate reality shows, you know they're famous for their "potential" shopping. So prospective buyers show up with their "dream" lists, and then realtors point them to properties that may not be exactly what they're looking for today, but that are in their right price range, and have what is often called in housing lingo as, "good bones." The message is to look beyond what you're seeing right now and think of the possibilities. When it comes to job shopping, today's employees are looking for the same thing - possibilities. Not just the job they're hired for right now, but what their experience could look for the long haul.

Career Development as a Recruitment Strategy

So it makes sense that our recent study showed that Dream Companies carry a lot more power in terms of retention, engagement, and productivity than dream jobs. Jobs are about the moment... companies are about the future. According to the study, the translation of a Dream Company is a place where people feel their well-being, work/life balance, and career aspirations matter. Based on the three elements above, it's logical to think people in these companies would be able to: 

  • See growth potential beyond their immediate job
  • Picture having a personal priorities and a satisfying professional life
  • See a career where they don't have to choose between professional success and well-being

Retention, Retention, Retention

The Dream Company results fall right in line with our Millennials research that stresses the weight today's young people put on career development. They'd even trade it for higher pay. It's easy to imagine a promising young employee choosing a less senior role in a supportive company for the chance to work in a place they see the potential for growth. And in an era where replacing good people can cost up to 200% of a salary, it's well worth considering how to use positive culture, employee development, and a tangible support structure to frame your organization to be more than just today's job. The short story is people in desirable companies see careers not just jobs. And that translates to a recruitment strategy, as well as retention and people who grow with companies for the opportunities. So when it comes retention and recruitment strategy, what's important is not just what people are doing, but where they're doing it. Because, just as in real estate... location, location, location.
Bright Horizons
About the Author
Bright Horizons
Bright Horizons
In 1986, our founders saw that child care was an enormous obstacle for working parents. On-site centers became one way we responded to help employees – and organizations -- work better. Today we offer child care, elder care, and help for education and careers -- tools used by more than 1,000 of the world’s top employers and that power many of the world's best brands
employee quit rate

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