Company Culture And Its Role In The Tight Talent Market

The talent market is tight and dynamic. A market where everyone is hunting for the top talent, staying ahead in the game can decide the future of the company. Companies are scrambling to fill critical roles and the shortage of talent with “Soft skills” that is teamwork, communication, and adaptability has led to a shortfall of executives.

Big companies with a dedicated recruitment team possess a clear advantage over their smaller counterparts but recent studies have shown a promising trend. Recent research carried out by Linkedin revealed that company culture is becoming one of the most important deciding factors for the candidates to go for a particular company and stay there for a longer duration of time.

Strong positive company culture is considered more important and comes before the monetary compensation in the priority checklist for a vast majority of executive professionals. Many German Recruitment Agencies are now leveraging this knowledge to get their client the best fit for their company’s vacant positions. This is not only helping the companies grow at a faster pace but the turnover rate has also drastically decreased.

So what can a company do at their end so that the best Recruitment company in Germany can help them find the dream employees for the company who are just the right fit from skill as well as a cultural perspective?

Invest In Talent

Remember when companies used to think that having a recreational room in the company and some free snacks would keep the employees in the company? These steps used to be considered as one of the most important factors of company culture. But the trend is changing now. While such amenities might help you keep the less motivated casual employees in the company, but you need a comprehensive benefits package for one of the motivated and sincere employees of the company.

Studies have shown that benefits such as PTO, Health insurance options, and parental leave rank much higher in preference to one of the top talents in the market. This factor especially applies to the passive employees who are not actively looking for an opportunity but might consider taking it if the culture of the company suits them well and help them maintain a work-life balance. Positive workplace culture is becoming a key factor in talent acquisition.

Values Count

Another important factor used to determine whether a particular company culture is a good fit for the candidate is the value system of the company. According to a study conducted by LinkedIn, “71% of the professionals said that they would be willing to work at a company that aligned with their values and had a mission they agreed with.” Encouraging employees to volunteer would not only foster strong interpersonal relationships but could be an additional factor in retaining great talent.

A Culture Of Inclusion

A company’s culture is defined from the inside out. Fostering an inclusive atmosphere in the company where the employees are valued and respected is another significant factor in attracting and retaining talent.