What are the non-financial benefits of attracting quality new employees?
A very common interview question currently is “Will I be assigned a mentor?” Your organization’s ability to answer that question affirmatively, AND to describe the quality of support you provide, is a critical lever for attracting and hiring the best employees available. Even when you may not have the best salary to offer, you can compete for the best employees when you treat them like professionals. The power of mentoring and induction programs to improve the ability of an organization to attract the best new employees and to dramatically increase retention of existing employees is very well documented. Increased attraction is critical because: • It increases the quality of the pool of job applicants. • It increases the number of applicants from which the organization can select. • It reduces the number of new employees dismissed and the cost of that dismissal in lost time and investment. • It creates the high expectation that those who are selected for a position in this organization
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