Attracting talent: supporting new recruits
Supporting new recruits to allow them to embed themselves in their company values and ethos is also a crucial aspect of talent management and retention.
Sheridan explains why: “It is essential for all business owners to pay attention to the work environment being created among their employees because culture is becoming increasingly important particularly with millennials – who often value ethos and corporate social responsibility (CSR) as highly as financial remuneration when applying for new roles.”
Therefore, CFOs must clearly define and communicate their organisation’s corporate culture, its values and its ethos externally and internally in order to attract and retain talent.
He adds: “The first days and weeks on the job for new employees are critical to their ability to fit in and become as productive as possible, as soon as possible.”