Imagine your workforce is like a hockey team vying for the “Stanley Cup” in terms of performance and profitability. But you don’t have enough top players to make up even one of your four lines of play. The vision of a championship quickly becomes a pipe dream—yet that’s the reality for most employers today.
Employees that can be described as “A players” – who have both talent and a strong work ethic – on average make up just 10 percent of the talent pool for any given position, explained Brett Rogers, vice-president of recruiting, HR Covered, during his presentation at Benefits Alliance’s conference in Canmore, Alberta, in October 2022. “B players” comprise 65 to 90 percent, leaving up to 25 percent who are “C players” without talent or drive.
Add the fact that the labour market is more competitive than ever before, and the prospect of putting together an “A-list” workforce seems even more unlikely.
Yet that’s exactly what employers can do with the right recruitment strategy, said Rogers. “You need to commit that all new hires from now on will be A players. In the long term, you want to have 75 to 90 percent A players in your organization. [The rest are] B players, who you will promote and coach to A player status.”
Rogers walked through the five key steps for successful recruiting:
- Have a plan. “You need to plan to scale and plan to react, so that if someone leaves you are not caught unprepared,” said Rogers, adding that the plan also needs to proactively replace C players with A and B players, a process that usually takes one to two years. Review the plan every quarter.
- Offer the best compensation. “When you post a job, always post a salary. It can be a salary range. You don’t want people who are under-qualified or over-qualified applying,’ noted Rogers. Employers that can’t be price competitive should offer other things of value, such as profit-sharing or more vacation time.
- Be flexible. Flex hours as well as hybrid or remote work environments, when possible, exponentially increase the number of A players applying for a job, stated Rogers.
- Market like you’re on Tinder. Too many employers undersell their offerings. “Some job descriptions sound like you’re going to prison. Nothing fun is built into the posting,” said Rogers. Instead, “write a really great job description that celebrates why someone would want to work there.”
- Act with urgency. This is huge in today’s market. “You need to commit to a timeline. I highly recommend making an offer within 48 hours of the final interview, otherwise people are picked up for other jobs,” said Rogers.
HR Covered, based in London, Ontario, recently signed on with Benefits Alliance as a preferred provider. The company launched in November 2020 and acquired more than 800 clients in less than two years due to its unique pricing structure (flat fees rather than commissions), four-week recruitment turnaround, 90-day guarantees and high fill rates.
This content is powered by the Benefits Alliance Group.
Cox Financial Group is a proud member of the Benefits Alliance Group, a national organization consisting of 28 independent firms with more than 200 advisors. Collectively, we administer over 8,000 employee benefit plans with $1.4 billion of group insurance premiums, as well as 1,500 group retirement plans that have over $3.5 billion in plan assets. Learn more at benefitsalliance.ca.