How to attract and retain the right people – An Entrepreneurs Perspective.
Look, we’re all in a lot of trouble here. If you haven’t heard, our labor market is changing. Boomers are getting older, there are not enough young people entering the workforce, Alberta oil rigs, Asian imports, blah blah blah….
When I sat down to write this, I considered how I could add the most value. Well, I can do that by doing what I know how to do best. Think outside the box.
After all, that’s an Entrepreneurs job. You can find a lot of the same tired answers in any other article in any other publication. But here, we’re going to swing for the fences. Let’s do some crazy out of the box thinking.
Go Offshore. The talent you need may be waiting desperately to get into our country. Why not sponsor them? Anticipated immigration levels in our country won’t keep up. But What is there stopping you from contacting the Canadian consulate of a country that has the skill set you know exists and offering a job to a skilled employee as long as the sign a contract for x time.
Pay for their education. Remember the TV show “Northern exposure?” A small town that had no hope of getting its own doctor raised the money to pay for an underprivileged kid to go to school. In exchange, he has to be the town doctor for 10 years. Hilarity results, but hey – can this work in your situation. Why not?
Hire the underemployed. Immigrants to our country who have degrees that won’t transfer. People who’ve been passed over for positions somewhere else. Mom’s re-entering the workforce. Retired but not ready to stop working – the list goes on.
Retired Military. Worried about committed employees? If these men and women don’t have commitment, I don’t know who does. How do you find them? Contact military bases and talk to the Discharge Office. And why not contact military bases all across the Country – who wouldn’t like to live in your city?
Outsourcing. If you are having trouble with a certain part of your business, why not outsource it?
Sell your business. Have you thought about getting out of your business? Why not sell it now? As time goes on, more and more of your competitors will be on the market as they get older and decide to sell. Think about being the first.
Give away the company. One piece at a time. It only makes sense that your staff will stick around longer if they own a piece of the pie. Structure it with your lawyer. It’s amazing how your company will change when your staff shares in the profits. Don’t be surprised if they suggest 1 ply in the bathrooms!
Automate. Let me ask you this. Is it possible for you to automate part of your process so that you don’t need as many people? Why not go to the biggest tradeshow your industry has and see what the options are?
Become a Better Manager. Maybe the problem isn’t the people you hire and lose, or the people you can’t find – perhaps it’s you. Have you invested in your own skills to learn how to be a better manager?
The situation is real. We are all facing a shortage of skilled and unskilled labour. The old saying goes “We can’t solve problems with the same solutions that caused them” So lets start brainstorming some new solutions.
Steve Thompson is the President of FocalPoint Business Coaching, powered by Brian Tracy. Call to set your free coaching appointment. Call 1-(877) 433-6225
Attract and retain the right people for your Company - To learn more about this author, visit Dominic Rubino's Website.
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Dominic Rubino
(Visit Dominic's Website)
Steve Thompson is the President of
FocalPoint Business Coaching, powered by
Brian Tracy.
FocalPoint Coaching has the exclusive use
of Brian Tracy’s content and methodology
for business improvement. This means that
Business Owners and Executives receive
recognized, world class guidance and
expertise while facing the opportunities
in their business.
If you’d like to speak to a FocalPoint
Business Coach, certified by Brian Tracy,
contact us for a free coaching session at
1-877-433-6225, or visit us at www.foc
alpointcoaching.com
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