find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
The people cycle

The people cycle

Redundancies are so 2009 … Law firms are hiring again, and retaining talent is the newest buzz word, again. Corrs Chambers Westgarth human resources manager, Alexis Navie, writes.

Redundancies are so 2009 … Law firms are hiring again, and retaining talent is the newest buzz word (again). Corrs Chambers Westgarth human resources manager, Alexis Navie, writes.

According to a study by McKinsey & Co, involving 77 companies and over 6,000 managers and executives – the most important corporate resource over the next 20 years will be talent.

Post GFC, the search for the best and brightest has become a challenging and costly battle. Organisations need to devise more innovative talent acquisition practices, and they will also have to work harder to keep their best people.

Only last year we witnessed many firms putting in place a number of strategies to reduce labour costs, including pay and hiring freezes, along with encouraging people to work part-time and take leave. Now less than 12 months later, we are seeing a resurgence of the “war for talent”. Attractive salary packages and a nice office are no longer enough to draw in and retain the best talent.

So what gets people out of bed each day and want to go to work? This is the million dollar question for leaders and managers. Here are a few ideas that we have tried which you might find helpful:

· Money is important, it is a sign of reward and recognition so get your compensation strategy right. Make sure the criteria is clear and you can explain logically why they have received the salary that they have.

· Benefits are important too but a benefit for some may not be as attractive to others so do your research with this.

· Understand the reasons for your attrition. Where are people going, what are the reasons, are there any trends to report to your firm’s leadership? Getting this right will save a lot of time and money.

· Give your people great training and learning opportunities. Never underestimate the value of doing interesting work and then having the support to ensure people are successful. A variety of programs always helps.

· Great people managers make a huge difference. If you don’t have the right people in these roles, then change the people or train them to do their roles more effectively. Your staff need regular feedback, encouragement and coaching to meet your expectations.

· Understand what motivates your people. Staff engagement surveys are helpful and provide valuable insight into what people want.

In his book, The War for Talent, Ed Michaels wisely said retaining talented employees should not be a set of superior human resources processes, but a mindset that emphasizes the importance of talent to the success of organisations. He is right, as HR professionals, we pride ourselves on how terrific our new performance management process is, or our new mentoring program, but these things are only as good as the people who understand them and use them to achieve what is really important.

Workplaces bring together people from all generations who have different values, work ethics, leadership styles, communication and learning preferences and attitude toward work and family. You have to plan for the future but also act today.

Like this story? Read more:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The people cycle
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Debate rises over Victorian judiciary attack
Jan 24 2018
Debate rises over Victorian judiciary attack
The Victorian Bar has become the latest to go on record condemning recent political attacks on the V...
Michelle Quigley QC
Jan 24 2018
Vic Barrister who helped stop major heritage redevelopment joins Supreme Court
Michelle Quigley QC, who assisted a coalition to oppose the redevelopment of St Heliers villa estate...
Building, construction
Jan 24 2018
Building finish for NSW coroner’s complex slated for early 2019
Efforts to relocate the state coroner’s facilities from Glebe to Lidcombe are on track, according ...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...