Generation Z individuals were born between 1995 and 2010, and many are likely to be ready for the workplace by the end of 2015. They will start to enter the workforce as interns and entry-level employees, and they are going to go fast. You may want to get in on the action and beat your competitors by hiring the highly talented ones first.
First Things First
You may want to hire the “crème de la crème”, but first thing’s first. You need to be able to retain your best talent. In fact, it’s estimated that 86 percent of employees will already be looking for a new position while they’re working in their current one. To prevent your employees from doing the same, you need to create a culture that allows them to socialize, create friendships and feel they are contributing to their job.
More small businesses are exchanging annual reviews for continuous performance management as part of their day-to-day operations. Doing so allows managers to provide feedback as it’s needed, and gives employees the opportunity to improve year-round rather than just once a year.
A Social Media policy will reinforce your employee’s trust. By trusting them, they will in turn trust you. Transparency will keep your employees from looking for another job.
The world of human resources changes fast. If your small business isn’t on top of the trends, you experience significant turnover, but also legal ramifications. Whether you employ or contract a small team of employees, it’s important to know the current trends and legal considerations.