Business

1 simple idea Bill Gates uses to hire the best employees

Attracting job applicants to become future employees in the Great Resignation is proving to be a challenge. As workers rejuvenate and diversify, they have very different expectations and companies are now forced to adapt.

Conventional wisdom in the post-pandemic era dictates that employees need flexibility. Bill Gates knew this many years ago when he predicted what we now see in most hybrid and remote work environments. Microsoft co-founder said:

“The competition to hire the best will intensify in the years to come. Companies that offer additional flexibility to their employees will have the advantage in this area.

Flexibility in the form of flexible working arrangements is certainly the norm these days, as remote working has alleviated the financial burdens that came with long journeys, train / bus tickets, on-site childcare and more. expensive housing in large metropolitan areas.

Every generation seeks flexibility

We already know that people demand a better work-life balance, no matter what generation they call their own. A pre-Covid study found that 85% of Millennials prefer to telecommute 100% of the time. Another one post-Covid study found that 82% of US office workers in general “want to continue working from home, at least once a week, when the pandemic is over.”

What is remarkable about Gates’ citation of ‘flexibility’ to hire the best people is that in the pre-Covid era the majority of companies were unable or unwilling to adapt to the demands of the mode. life of young workers. In turn, they found themselves losing good talent to companies with more flexible options like remote working. Now the tables have turned.

If you are still hesitant to offer more flexibility to your employees, consider two business reasons.

1. Job satisfaction

Younger people can keep a job much longer if their employers are flexible about where and when they work. According to a Staples According to a study, 90 percent of workers said more flexible work arrangements would boost morale and increase job satisfaction, a key component of recruiting and retaining employees. According to the Staples study, 67% of employees would consider quitting their jobs if working arrangements became too fixed.

2. Increased productivity

Any claim made by Gates deserves your attention, but this one is even more compelling because the data backs up his claim. Harvard Business School to research found that employees in companies with work-from-anywhere policies were 4.4% more productive than those who had the flexibility but still had to live near the desk. What kind of financial impact would it have for your organization?

Decades of studies show that people are happier, healthier and more productive when they feel empowered. The more empowered we feel, the more likely we are to get involved. You can take that to the bank.

The opinions expressed here by the columnists of Inc.com are theirs and not those of Inc.com.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × 3 =