How Can You Win the 'War for Talent'?
We’re essentially at full employment in Ireland, and it’s bursting at the seams. So how do you as an employer stand out from the crowd, attract the cream of the crop and win the ‘War for Talent’?
Having the Right Tools in Your Tool Kit
The 2019 Chartered Accountants Ireland Leinster Society and Barden Accounting & Tax Salary Survey brings you the most up to date insights on reward.
“As experts in our field, it’s absolutely critical for us to be able to provide our clients with cutting edge insights on reward so that they, in turn, can make informed strategic decisions on talent attraction and retention, and essentially win the ‘War for Talent’. The insights gained in this year’s Salary Survey enable us, and you, to do just that.” Elaine Brady | Managing Partner | Barden Accounting & Tax
Given that reward has gone from being part of the conversation, to THE conversation, this is an essential piece of reading for you to have in your tool kit for winning the ‘war for talent’.
But Here’s the Interesting Thing About Reward…
Reward is no longer just about pay.
Accountants today EXPECT to be paid well. They’re smart, hardworking and have trained hard to become qualified.
Increasingly, as extrinsic reward levels become expected, it is intrinsic reward that is becoming the defining factor in people’s career decisions.
A substantially more complex concept…it’s essentially everything you can’t put a monetary value on.
And more importantly, according to the results of the 2019 Salary Survey, it’s a lot about work life balance and flexibility.
For the first time ever the results found that work life balance & flexibility are now AS important for people as the salary they will secure.
· 82% of respondents said it’s as important a factor in considering an external move as their pay packet.
· 86% place a strong value on work life balance and flexible working arrangements.
· 52% would sacrifice 10% of remuneration for better work life balance flexible working arrangements.
Yet Most Companies Aren’t Offering It
With a staggering 40% of respondents having no access to working from home, or a flexible benefits policy, it’s clear that most companies aren’t offering proper work life balance or flexibility.
Madness? Maybe, but it’s also an opportunity for you and your company.
It’s important to note that work life balance is not about working less. It’s about working the same amount but at times that suit your life better.
Offering proper work life balance and flexibility is a way for your company to watch their bottom line, have more satisfied employees and essentially win the ‘war for talent’.
At Barden we invest our resources to bring you the very best insights on all things to do with your professional future. Got a topic you would like us to research? Got an insight you would like us to share with our audience? Drop us a note to firstname.lastname@example.org and we will take it from there!