Retention is the New Recruiting: Strategies to Build and Keep a High-performing Workforce

BY Mary Pieper | July 12, 2024

The hiring environment is on the cusp of change, with rates of decline beginning to slow down, according to monitoring done by Workday. “We might be at a kind of inflection point where hiring starts to stabilize,” said Greg Anderson, Workday’s principal product marketing manager. Anderson spoke at a From Day One webinar titled, “Retention Is the New Recruiting: Strategies to Build and Keep a High Performing Workforce.”

Voluntary turnover decreased dramatically in 2023, with employees staying longer in their given roles, says Anderson. “This is driving a lot of value to their position and to the organization. But also resulting in a lot of pent-up demand, particularly from your high performers who are being asked to do more,” he said.

Decreased internal mobility means companies and employees “haven’t seen some of the internal growth that they’ve been looking for,” Anderson said. This could lead employees to leave a company for another employer, but it could also be “a really great opportunity for your organization, depending on how you choose to navigate some of these challenges,” he added.

“There is a lot of bottled-up employee energy, knowledge and experience in your workforce, and that’s a huge asset,” Anderson said. “This is a real opportunity to take advantage of this window and really invest in talent.”

How to Make Retention the New Recruiting

Greg Anderson, pictured, led the webinar with colleague Phil Willburn (company photo)

The Workday platform allows employers to solve the challenge of quickly finding and matching talent to potential opportunities. Around 70-75% of job openings can be filled with internal talent, Anderson says.

Phil Willburn, VP of people analytics at Workday, says tuning up your internal mobility engine is a key to turning retention into the new recruiting. “If you haven’t put any love or attention on this, especially when it comes to using automated tools, and streamlining the match, matching with skills, there’s a lot of opportunities there to make it much easier for your employees to find great opportunities and retain the best employees,” he said.

Listening is also crucial, says Willburn. During the pandemic, “we were concerned about our employees’ needs, we were reaching out, we were caring for them, we were trying to see what they need to be productive,” he said. “And then after the pandemic, companies stopped listening as intently.”

Employees respond well when employers listen deeply to their needs and take action to improve their on-the-job experience, says Willburn.

How Workday Boosted Internal Mobility

Workday employers were looking for growth during the Great Resignation several years ago, but “they did feel like they were stuck a little bit,” Willburn said. Company leaders decided to make it easier to advance within the organization. Still, they had to address some pain points along the way.

Some team members felt lost trying to navigate the promotion process and wanted more transparency and the company achieved this by posting every available role on a Workday Talent Marketplace and Career Hub that all employees could access.

Some Workday employees “wanted opportunities to stretch themselves and get exposed to new things without necessarily taking a new role internally,” Willburn said. And so, in 2019 the company introduced gigs for workers to learn new skills. This was a massive pipeline for internal mobility because team members were 42% more likely to get a new role if they did a gig first.

Workday's efforts to boost internal mobility resulted in a significant increase in the number of employees applying for new roles inside the company. “We’ve seen about 30% of all our roles filled by internal candidates, which is good because we did the research and found that internal hires consistently performed and ramped up faster than external hires,” Willburn said.

When employees move up within the company, "that gives them that sense of growth," Willburn said. We saw a 26% increase in overall retention. If we’re making internal moves, we are keeping employees longer.”

Editor’s note: From Day One thanks our partner, Workday, for sponsoring this webinar.

Mary Pieper is a freelance writer based in Mason City, Iowa.


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Full-Cycle Recruiting: How to Hire Top Talent With a Holistic Approach

The U.S. labor market has trailed expectations this year. The number of open jobs has been sinking since the beginning of 2024, and it’s getting harder to find a job, applicants say. Job seekers are frustrated not only because there are fewer open roles, but because hiring processes are so poor. LinkedIn is full of users writing about their terrible job-seeking experiences with confusing or unusually protracted hiring processes, fake job postings, and ghosting recruiters.Kim Stevens is the manager of talent acquisition at Lever, an applicant tracking system. She’s spent a decade in talent acquisition, working across industries, and at both B2B and B2C companies. She says it doesn’t have to be this way, and employers have an obligation to do better–by their recruiters and their applicants.“Full-cycle recruiting is a holistic approach,” Stevens said during a From Day One webinar on how full-cycle recruiting can help employers hire top talent. “Instead of passing candidates from one recruiter to the next to move them through the process, there is a single recruiter managing the process from the initial job requisition all the way to how new hires are integrated into the company.”Many companies have already adopted a full-cycle process, but some are still stuck on old models, like a sourcing-led path where one recruiter brings in the talent then candidates are passed among the team; very early on, the hiring experience is interrupted. For job candidates, full-cycle recruiting should be unnoticeable. “Having one person manage all of it does create a more seamless transition for the candidate and one point of contact. If it’s done well, it’s very good as far as the candidate experience goes.”Kim Stevens of Lever by Employ led the webinar (photo courtesy of Stevens)A full-cycle approach is important now because the labor market is so tight, she said. “We have so many [job seekers] in the market, and we can empathize with that and embed that in our thought process when we’re creating processes within our [applicant tracking system] to not only manage the volume, but to focus on all of the different parts of the process. We should ask ‘How can they work for us, and how can they work for the candidate?’ And you really have to do that with automation.”Stevens spent a year on the job market as a candidate herself and saw how brutal the process can be for job seekers. “It made me think about all the times where I could have done my job better; I owed it to candidates to give them a better experience. I needed to reset and really value what my job is and the impact that it can make on people, their lives, and their livelihood.”She also felt the importance of having a single point of contact at the hiring company. “I saw the good and the bad and the ugly when it came to the candidate experience.” Whether it was being passed around among a recruiting team or having to create a username and password for every application (even if it was at the same company).“Being in the job market is stressful enough. If we can mitigate some of those steps and automate and customize, it’s such an important way to create that seamless experience for the company and for the candidate. There are so many different layers within your ATS that you can customize, like candidate communications, ensuring that they’re not only getting followed up with after they apply but that they’re getting updates about where we are in the process.”Full-cycle recruiting teams, juggling multiple activities and multiple candidates at once, have to be really good at time management. New adopters may require training before they’re ready to fly solo. A good applicant tracking system, and maybe even a little artificial intelligence, can help with multitasking, but “technology should be viewed as an enhancement, not a replacement for that human interaction,” Stevens said.For instance, full-cycle can be enhanced by some smart, time-saving changes. “It was ingrained into me by a previous leader of mine, that if you’re having to do something more than once and it’s the same task: Automate it,” she said. “If you’re getting the same questions about–let’s say, benefits–then create something that’s automated, where you can just reply with a signature.”The recruiting process is often the first impression a company will make on job seekers. And if it’s a bad one, the relationship can sour–or solidify–as soon as it begins. A good ATS doesn’t solve all problems. Other factors, like a company’s employer brand will make it easier–or harder–to recruit the workforce you need. Stevens recalled working in university recruiting for a past employer whose employer brand was so strong that when she walked onto the University of Texas at Austin campus, she felt like a celebrity. Students wanted to see what the company would do next, they wanted to talk to recruiters. Of course, recruiting is a huge part of that reputation.Every step of the process is an opportunity for thoughtful interaction with job candidates. It’s a reflection of your company and what the employee experience is like. “There’s so much to say about a full-cycle recruiting process, but also an ATS that enables that process and makes it more streamlined, especially given how many candidates in the market are already stressed. It’s so important as leaders and as companies to keep that in mind. The reality of our market is that we have so many people in it–how can we really make sure that our ATS is working for them too?”Editor’s note: From Day One thanks our partner, Lever by Employ, for sponsoring this webinar.Emily McCrary-Ruiz-Esparza is a freelance journalist and From Day One contributing editor who writes about work, the job market, and women’s experiences in the workplace. Her work has appeared in the Economist, the BBC, The Washington Post, Quartz, Fast Company, and Digiday’s Worklife.

Emily McCrary-Ruiz-Esparza | October 04, 2024

Beyond Birth: How Employers Can Invest in the Postpartum Period

More and more organizations are realizing that providing fertility benefits is essential to support and retain employees who are looking to start their family-building journey. However, a key period may be getting overlooked in the process: postpartum. 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It’s what comes next that can be the challenge. “The exhaustion in those periods after can be worse,” she said, as can the complications that appear later after the stress-test of childbirth.“In the U.S., many of us have heard about the high rates of maternal death that we have compared to our peer nations. 65% of those deaths actually happen in the postpartum period,” Saltzman said, noting that fatal complications can arise when mothers are back home and more or less alone. She notes infections, high blood pressure, cardiovascular complications like cardiomyopathy or blood clots, and mental health issues like postpartum depression or psychosis are conditions that need to be monitored and addressed during this period. And complications diagnosed during pregnancy such as preeclampsia or gestational diabetes can increase the risk of cardiovascular disease in women for the rest of their lives.What Postpartum Care Looks LikeThe American College of Obstetrics and Gynecology recommends that every person that has a delivery has contact with their provider, whether that's OBGYN or a midwife, within three weeks, with ongoing care as needed up until a final visit at around 12 weeks. “What that’s translating to for most people is a phone call followed by a single visit,” Saltzman said. Only about 60% of people even go to that postpartum visit, Saltzman says. Many people don’t even have 12 weeks off for parental leave, making it even more challenging to attend the appointment. Most daycare centers won’t even accept children until they are at least six weeks old. “You’re still trying to figure out how to feed your baby at that point,” Begley noted. And because we’re living less and less in multigenerational homes, Salztman says, essential knowledge in baby care is not being passed down.Leaders from Ovia Health spoke with Sarah Begley during the From Day One webinar (photo by From Day One)Among those that do attend the checkup: “After you have that visit with your OBGYN and you get clear that your cervix is normal, your incision looks okay, and talk about ongoing needs for birth control… New mothers are then left in the system where it is their responsibility to identify if they have a complication and try to figure out whether that needs care or not. And then have to make the appointments and go,” Saltzman said. “This is where the existing system doesn’t really meet the needs.”How Digital Solutions Can Bridge the GapDigital healthcare programs through an employer can provide structured and personalized access to information on health and baby care at this crucial time in a parent’s life that gives them, Hobbs says. A digital solution can help a person record their symptoms and then provide insight into what might be happening and whether to seek care, potentially saving them the time and expense of a doctor’s visit, Saltzman says.These digital solutions, Hobbs says, should include information on physical recovery and support, postpartum depression screenings, lactation coaching, sleep training, and appointment management for the parent and the baby, including vaccination schedules. “A tool that can help you manage all of that while you're going through this physical, emotional, and mental transition would be tremendously helpful,” Hobbs said.Ovia Health’s Postpartum SolutionIn addition to the digital solutions mentioned above, Hobbs says Ovia Health’s platform also provides information on potential pregnancy complications and associated risk factors, such as atherosclerotic cardiovascular disease, which is “one of the most expensive health conditions.” The platform incorporates all potential aspects of life tied to pregnancy. “Our solution addresses reproductive life, planning and contraception, pelvic floor recovery, return to work, social and financial planning, social determinants to health and equity, and navigation of care,” Hobbs said.“Our solution starts with recovery, so we are meeting people where they are in their individualized journey,” Hobbs said. 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In turn, employees also need to be trained on how to communicate their needs.Lastly, transition plans should be put in place to allow employees on leave to be able to ensure their continued professional development and assignments. “We're often afraid to step away because we feel like it might set us back. Adjusting the culture to support the employee and having that manager training to create that inclusive environment related to situations like this are critically important,” Hobbs said. “It really improves the workforce culture around [pregnancy] and postpartum.”Editor's note: From Day One thanks our partner, Ovia Health, for sponsoring this webinar. Katie Chambers is a freelance writer and award-winning communications executive with a lifelong commitment to supporting artists and advocating for inclusion. Her work has been seen in HuffPost and several printed essay collections, among others, and she has appeared on Cheddar News, iWomanTV, On New Jersey, and CBS New York.

Katie Chambers | October 01, 2024

How HR Can Become a Strategic Partner in Annual Business Planning

Poor planning returns poor results. In a company where the workforce is unprepared to meet shifting business needs, organizational performance can drop by as much as 26 percentage points, Gartner found in 2024. Human resources is responsible for delivering a workforce fit to meet the firm’s goals–no matter how fickle–so when business leaders plan poorly, or plan alone, HR teams struggle.John Bernatovicz is the founder of human capital management platform Willory and the author of HR Like a Boss: Your Guide to Amazingly Awesome HR. He believes the buck doesn’t stop with HR or talent acquisition; the business plan is a shared responsibility. “If you don’t feel like your company is effective in annual planning, look no further than your CEO, your board, or other key executives responsible for driving that critical business function,” he said during a From Day One webinar on how to become a strategic HR partner in your global annual business planning. 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Further, artificial intelligence is already coloring the skills employees are developing–and setting new standards for productivity.Becoming a Strategic Partner in Annual PlanningEarning a place in annual planning requires human resources people to think like business people, panelists agreed. HR may not think in numbers or spreadsheets, but executives certainly do, Bernatovicz says. Unless talent acquisition learns to link workers to revenue and teach executives to do the same, they won’t prove their relevance. “I see oftentimes that companies look at the bottom of the P&L first, not realizing that profit is an outcome of a number of unique things that are going to happen and run effectively in a strategic manner.”The panelists spoke about "Becoming an HR Strategic Partner in Your Global Business Annual Planning" during the From Day One webinar (photo by From Day One)“They need that data to understand where you’re coming from,” said Lane McFarland, senior director of talent management at data intelligence company Flashpoint. “Maybe the finance team just needs to hear the cost savings initiatives or the vacancy savings during the hiring period. Maybe the CEO just needs to know how many [positions] you’ve fulfilled by department.”Strategic thinkers ask good questions and answer them. Know the short-term and long-term business goals–and whether you have the workforce to achieve them, McFarland said. Inventory the skills of your team and find the gaps. If you don’t have what you need, can you develop those skills, or should you hire from the outside? Consider potential labor market shifts and how they might bump up against those plans. Could overall market swings change the business needs in the coming year? What are the consequences of hiring now versus later? What are the risks of over-hiring? What happens when you overload a manager and it pushes them out the door? If you hire in less expensive markets to save money, can you properly support those employees? What about regulatory requirements? Business leaders rely on their HR partners to inform them on the labor market and advise on how it will help or hinder achieving business goals.It’s not enough to be only a dollars-and-cents business contributor: Trust and influence are ultimately won through relationships. Start with the business leaders you already know, said Moll. That might be the sales director or head of content marketing. “Just get on their calendar for 15 minutes or 20 minutes every other week or every month to talk about what they care about,” she said. “Start learning about their business: What are the metrics that they are looking at? What are the pain points they’re experiencing?”Bernatovicz recommended starting with the finance team in particular. “Develop a relationship with [the finance practitioner] at whatever level you’re at, so if you’re the head of HR, then that’s the CFO. If you’re a manager, then find a manager. Get to know them as individuals, what makes them tick, why they’re working at the company, what they do outside of work.”As you embed yourself with your business counterparts, track the impact of decisions made about the workforce and provide regular updates, Moll advised. Know your time to hire and turnover, the cost of recruiting versus training versus internal moves, the success rate of onboarding, and how long it takes. Then involve business teams in your work, inviting them to work alongside you in investigating turnover rates, pipeline problems, or onboarding results.Be a helper and be a problem-solver, said McFarland. “Even if your team is split up between a people experience side and a talent side, talent acquisition specialists can be the ear for another team member, even if they just need someone to vent to or help them through difficulty or bounce an idea off of.”“They have to first see you as a partner that they can trust,” Moll said. “That takes time, and that means building relationships a little bit at a time, and that means maybe not participating in workforce planning this year, but you’re building to be part of it the next one.” The good news, McFarland noted, is that the relationship between HR and business is already becoming more strategic, and the direction of travel is positive.“Workforce planning is a tool, not a result. It’s not about having the perfect plan. That doesn’t exist,” Moll said. A plan is a guide. When you have a guide, you can adapt when things change. And things will always change.Editor's note: From Day One thanks our partner, HiBob, for sponsoring this webinar. Emily McCrary-Ruiz-Esparza is a freelance journalist and From Day One contributing editor who writes about work, the job market, and women’s experiences in the workplace. Her work has appeared in the Economist, the BBC, The Washington Post, Quartz, Fast Company, and Digiday’s Worklife.

Emily McCrary-Ruiz-Esparza | September 30, 2024