The term “war for talent” has been thrown around for decades to underscore the challenges of retaining and attracting talented individuals in a dwindling pool of recruits, but an often overlooked concept among most businesses is that there is not a shortage of skills, but that businesses don’t recognize where to look when hiring.
In order for businesses to stand out from their competitors, they will need to adjust their culture and approach to finding that talent and retaining it. It’s time for companies to look at the structure of their jobs that potentially excludes talent by not accommodating all the demands on their schedules, like kids or untenable commutes, or excludes an older generation. It’s time for companies to become introspective and understand if key elements, such as lack of diversity, flexibility and accommodation are excluded from their culture and brand promise.
As technology continues to transform the industry, flexible approaches that include non-traditional talent, remote workers and innovative work schedules are becoming mainstream to ensure growth and keep up with client demands.
Diversity attracts talent and clients
Fostering a culture that embraces a diversity of thought and diversity of workstyles is a powerful way to attract great employees. According to research from Glassdoor, 67 percent of job seekers said that a diverse workforce is an important factor for them when considering companies and job offers.
Clients are demanding more advisory services and out-of-box thinking from their teams, and it makes sense that they would want advisors with more diverse backgrounds and skills.
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