How to Retain Top Talent in Farming and Agribusiness
Apple’s founder, Steve Jobs said that a small company depends on great people much more than a big company does. And this is certainly true for farming and agribusiness. When it comes to retaining the best employees in your farm or agribusiness, a great workplace culture and career development opportunities are vital. Retaining the top…
Apple’s founder, Steve Jobs said that a small company depends on great people much more than a big company does. And this is certainly true for farming and agribusiness.
When it comes to retaining the best employees in your farm or agribusiness, a great workplace culture and career development opportunities are vital.
Retaining the top talent in a business is a bit like a marriage – just because someone said “I do” doesn’t mean you can rest on your laurels. When a business is getting more out of the working relationship than the employee, it’s time to review things.
So how can agribusinesses keep that balance?
Empower
Trust your instincts and empower your staff to take ownership and responsibility for certain parts of the business. They may do it better than you and you might learn something new.
A study reported by Forbes found that 31% of employees looking for work were doing so because they did not feel empowered in their current job.
Another 43% were looking because of a lack of recognition.
Revenue-sharing
By tying part of your employees’ wages to your business performance, you will ensure they feel empowered to be active in their decision-making and will go that extra mile to make sure the farm or agribusiness is working well.
Attendance at national and international conferences
There are a myriad of conferences both nationally and internationally in every industry. Researching the most relevant ones to your business and sending staff to attend and report back is a great way to empower employees. It will also keep your farming and agribusiness up to date with what’s happening in the industry.
Training and courses
Top workers are usually driven and looking for constant development. Offering extra training and courses to develop their career is a way to keep employees happy. It will also benefit the business as they will undoubtedly gain knowledge that will enhance the way the business is run.
Cover study costs
Offering to cover the costs of relevant study that an employee is undertaking can be a big draw card. People are often finishing degrees, or starting degrees – and to feel supported in that endeavour helps with workplace culture.
The Latest Updates
Let’s look at the current trends in job demand and talent availability in the agriculture and agribusiness sector in Australia over the second half of 2023 and the first quarter of 2024. There was a weakening of job demand in this sector but a slight improvement in candidate availability and job interest during this period….
In times past, people’s working lives often played out over many years at one company, but now the world has vastly changed. These days it is common to shift between jobs and organisations, but this practice raises questions as to what is today considered the Goldilocks time to spend in a job? How often do…
Employee retention matters. Organisational issues such as training time and investment, lost knowledge, mourning, insecure co-workers and a costly candidate search aside; failing to retain a key employee is costly. Various estimates suggest that losing a middle manager costs an organisation up to 100 percent of their salary. The loss of a senior executive is…
What’s new?
Current trends in job demand and talent availability in Australian agriculture and agribusiness sectors.
Let’s look at the current trends in job demand and talent availability in the agriculture and agribusiness sector in Australia over the second half of 2023 and the first quarter of 2024. There was a weakening of job demand in this sector but a slight improvement in candidate availability and job interest during this period….
How Long Should You Remain in One Job?
In times past, people’s working lives often played out over many years at one company, but now the world has vastly changed. These days it is common to shift between jobs and organisations, but this practice raises questions as to what is today considered the Goldilocks time to spend in a job? How often do…
Top Ten Tips to Retain Your Employees: Understanding the Importance
Employee retention matters. Organisational issues such as training time and investment, lost knowledge, mourning, insecure co-workers and a costly candidate search aside; failing to retain a key employee is costly. Various estimates suggest that losing a middle manager costs an organisation up to 100 percent of their salary. The loss of a senior executive is…
AI, An Essential Future Tool in Recruitment and Selection.
It is widely acknowledged that finding and hiring superior talent is a major source of competitive advantage for organisations, hence keeping abreast of the tools involved in the hiring process is, by itself, a source of competitive advantage. If we reflect on changes to hiring over the last 30 years, a revolution has taken place….
Mastering the Art of Onboarding: Creating an Impactful Introduction for New Team Members.
Welcome aboard! The first few days and weeks in a new role can set the tone for an individual’s entire journey within an organisation. Hence, it is paramount to make these initial stages count. Let’s explore why timing matters and how to optimise it for the best onboarding experience. Why Timing Matters First Impressions Are…
Skills Based Hiring. A Step Towards Solving Talent Shortages in 2024?
In addressing talent shortages across various industries, employers’ traditional approach of hiring based on qualifications and years of experience is proving inadequate. A shift towards skills-based hiring is gaining momentum, offering a promising solution. This practice involves a reassessment of the job requirements and determining instead the underlying skills that are required. It may also…
Year in Review
Another year is quickly coming to a close… the first half of 2023 saw a firm demand for skilled people in the agriculture and food sectors. Despite the scarcity of talent, we successfully filled a record number of jobs in the first half of the year. The mid-year forecast of a return of El Nino and…
How Filling Empty Seats in Your Business Can Lead to Success
In today’s competitive market, it’s more important than ever to have a talented and engaged workforce. But when key roles are left unfilled, it can have a negative impact on your bottom line. Here are just a few of the ways that empty seats can impact your business: Inhibited growth: When you don’t have the…
Job Ads down, Applications up: Talent Market in Australia’s Ag industry remains competitive
The latest SEEK employment trends data for the Australian agriculture sector, shows that job ads have decreased by 9.6% across all categories except Conservation, Parks and Wildlife, compared to last year. However, applications are up, compared to the five-year average. 78% of candidates are currently actively looking or monitoring the market, the highest level in…
Competitive Positioning in a Candidate-Poor Talent Market
In an industry such as agribusiness, it is essential that commercial companies adapt their hiring processes to source top talent to drive their business growth. One way of achieving this is to tap into a broader talent pool and in a candidate-poor talent market, this is the key to competitive positioning. We recently conducted a national…