3 Strategies to Stop Losing Talent to On-Demand Startups

Do you ever feel like you’re constantly battling to keep your best talent from jumping ship and joining an on-demand startup? It’s a common challenge for businesses of all sizes, but there are ways to improve employee and applicant engagement and stop the bleeding. In this blog post, we’ll discuss three strategies that have proven successful for our clients. Plus, we’ll include some helpful technology solutions to make your recruitment process easier and more efficient.

Establish a clear career path and growth opportunities

Companies need to establish clear career paths and growth opportunities to keep top talent from being poached by on-demand startups. Top performers want to know that they are making progress and that their hard work will be rewarded. By providing a clear path for advancement, companies can send a strong message that they are invested in their employees’ future. 

In addition, offering growth opportunities shows room for employees to grow within the company. On-demand startups may offer more immediate gratification, but established companies can provide a more secure and promising future for their employees.

Offer competitive salaries and benefits

The recent proliferation of on-demand startups has been a significant source of talent loss for established businesses. These companies offer workers the flexibility and autonomy that traditional businesses often cannot provide. To compete with these startups, established companies must offer competitive salaries and benefits, and they also need to create an environment conducive to creativity and innovation. Only by providing a compelling package of wages and perks will they be able to retain the best and brightest employees.

Offer a work-life balance that On-Demand startups can’t 

compete with

As the on-demand startup culture continues to grow, so does the challenge for companies to keep their best talent from jumping ship for greener pastures. One way to do this is by offering a work-life balance that these startups can’t compete with. Studies have shown that employees who feel they have a good work-life balance are more productive, more engaged, and less likely to leave their jobs. Some simple ways to promote a better work-life balance include flexible working hours, telecommuting options, and paid time off for family emergencies. 

By offering these types of perks, you can show your employees that you value their time outside of work and their time on the clock. In today’s competitive job market, attracting and retaining top talent requires companies to think outside the box. Offering a work-life balance that meets the needs of your employees is one way to stay ahead of the curve.

Allow for more flexibility in working hours

In today’s business world, it’s more important than ever to allow flexibility in working hours. With the rise of on-demand startups, many employees feel pressured to work longer hours and be constantly available. This can lead to burnout and eventually cause talented individuals to leave your company for a more flexible work environment. To prevent this from happening, consider implementing some of the following strategies:

– Offer more flexible working hours. Employees should be able to choose when they want to start and end their workday.

– Allow employees to take breaks when needed, and breaks are essential for preventing burnout. Encourage employees to step away from their desks and take a walk, grab a coffee, or simply take a few minutes to relax.

– Give employees the option to work from home when possible. Many people appreciate the ability to work from home, even if it’s just one or two days per week to create schedules or work on backend work.

These are just a few of the many ways you can make your workplace more flexible and accommodating. Doing so will create a more positive work environment and keep your best talent from leaving for greener pastures.

Maintain a strong company culture that employees want to be a part of

Maintaining strong company culture is essential for any organization that wants to retain its talent. In the face of ever-changing markets and the lure of on-demand startups, employees need to feel part of something larger than themselves, and they need to believe in the company’s mission and feel like they are valued team members. When a company’s culture is strong, employees are likelier to stick around even when times are tough.

There are a few key ways to maintain a strong company culture:

  1. Ensure your mission and values are clear and communicated to all employees.
  2. Create opportunities for employees to engage with each other and leadership.
  3. Provide development opportunities so employees can continue to grow and develop within the company.

Investing in your company culture can create an environment that attracts and retains top talent.

Leverage Technology to Connect with Your Staff and Applicants

To stop losing talent to on-demand startups, businesses need to leverage technology to connect with their staff and applicants. On-demand startups can provide a great user experience by automating the hiring and onboarding process through software like Chattr. This saves time for both management and applicants, which is a significant selling point for these companies. 

Businesses need to provide a similar level of convenience if they want to keep up with the competition. By automating their hiring and onboarding process, businesses can free up time for managers to connect with staff and applicants on a more personal level. This will help them build relationships and trust, which are essential for retaining talent.

If you’re looking for a way to stop losing talent to on-demand startups, consider implementing some of the strategies mentioned in this article. Offering more flexible working hours, maintaining strong company culture, and leveraging technology to connect with your staff and applicants are great ways to keep your top talent from leaving. If you’re interested in learning more about how to improve employee engagement, be sure to schedule an information session to see if Chattr is the silver bullet for your hiring needs!

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