Why is it important to keep staff and profit?
Many businesses are struggling to keep staff and profit.
With the exiting from the workplace of the baby-boomer generation threaten to take the gloss off the good times for businesses that don’t have enough employees to operate to capacity.
Businesses flexible enough to cater for all their staff would weather any labour crisis better than those that used traditional human resources models involving policies applied to the entire workforce.
Flexibility beats looming labour shortage to keep staff and profit
The labour crisis is set to worsen in future years and is just a taste of what was to come.
Workplace Baby Boomers are gearing up to retire and this will create a natural labour market shortage in the next five to 10 years.
We need to learn the lessons from today to hold us in good stead for the future. The best strategy for dealing with a labour market shortage is a flexible working environment to keep staff and profit.
It is absolutely critical that today’s managers develop their up-and-coming leaders and teams to champion innovation – especially if the organisation has an ageing workplace population.
The proactive and innovative manager will focus on streamlining workplace systems and processes and will learn not to become reliant on people to get the job done.
It is vital that all workplace leaders understand the importance of consulting with the Generation Ys because they tend to have a natural willingness to embrace technology solution as drivers of change.
But, how do you motivate them…?
To to keep staff and profit, the five top workplace motivators are:
Development of self
Being recognised and valued
Being kept informed and involved
Having variety and interesting work
Having pay linked to performance.
Retaining, developing and attracting innovative people is all about creating a working environment that inspires and motivates people.
Money isn’t everything
The seemingly impossible battle against staff shortage is starting to be won by many Government Agencies as they make inroads into the dire labour shortage dilemma.
A recent study showed working within a Government role was traditionally seen as a less glamourous option than a job in big business, had many benefits despite not being able to match the big pay packets.
Working within Government has many strengths and potentially hasn’t been marketing them.
The things that leaders and employees are interested in are not just about money. Being able to communicate directly with the manager and decision makers and being able to influence the future of the state were big drawcards.
Working within Government also provides exposure to the very highest levels of Government. It’s not just making it happen, it’s deciding whether or not it will happen and having influence an influence on the future of the state.
Working within Government often has a range of flexible working arrangements that are many of the bigger companies within the private sector.
Career mobility is also another benefit. For example, if you get sick of oil and gas you can go to mining if they get sick of that they can work in any of the industries such as marine and defence or biotechnology or renewables or astronomy or pretty much whatever they want.
Feedback back is that the sort of thing that people are looking for is diversity within their role.
They want to be able to go into a job, learn some new things, acquire some new skills, get a range of experience and then move to another experience – keep developing and keep progressing.
The diversity and opportunities in Government are very substantial and better than pretty much any other organization within the business community.
