Are you concerned compensation is what’s preventing candidates from joining your organization?
In our recent Bay Area Bioscience Recruiting Trends Survey we asked organizations to share the most effective ways in which they attract talent. And here are the results:
- Providing challenging or cutting edge projects
- The organization’s environment/culture
- Products and/or services offered
You read that correctly – compensation came in fourth. These results serve as a good rule of thumb as you create your hiring plan as well as your retention strategy. Happy employees (employees that are going to contribute to your organization over the long term and truly invest in the goals you are looking to accomplish) are ones that are working on projects that engage and challenge them. There are many different ways to motivate employees. The most important things you can do is check out the research available to you and then ask your employees (they know better than anyone). Until you have the projects, culture, and products candidates can get excited about, you’ll always struggle to bring in and retain quality talent.
You can check out all the results by downloading the full white paper here.