For many small business owners, understanding how to identify and retain talent can be an ongoing challenge. Smaller businesses, or businesses managed by their owners, aren’t always able or large enough to employ a Talent Director or Manager. So, it often falls on the business owner to make decisions around the people they employ.
This is when it becomes a huge benefit to yourself and your business to work with external, experienced advisors.
At BAND, we provide the insight and understanding you need, helping to develop a strategy that will allow you to keep key talent within your business.
Our experienced business advisors can help you understand what motivates employees, how to create a positive work environment and what benefits and perks are most attractive to people. As a team with experience working with other businesses of all sizes within the same industry, we know what potential candidates want to see.
Developing a retention strategy is key, so our advisors will work with you to develop a strategy that’s tailored to your specific needs and goals. This could include a range of aspects of career development opportunities and remuneration, providing plans to address these areas.
Benchmarking is an important aspect that will allow you to better understand industry standards. Our team have experience within their specialist industries, so can bring with them an understanding of the nature of your business. As such, we’re able to provide key data and analytics to help track your progress and measure the effectiveness of your retention strategy.
Investing in people
Coaching and training employees allows for the development of leadership and management skills, in turn enabling improved engagement and retention of employees. Our expert team can help you to provide key training that includes aspects of communication, conflict resolution, performance management and negotiation.
It’s important to consider how vital succession planning is for your business. Are you looking to identify and develop talent that can allow for senior management in your business? An experienced team of advisors can advise on various means to incentivise and reward senior talent. This can be through share options or EMI schemes, for example. We’ll help you to structure these and introduce them successfully into your business.