6 Tips In Ensuring A Company’s Competitive Edge

Six tips to ensure your organization has the HR competitive edge include:

1. Recruit the brightest and the best 
2. Have a well-designed orientation program 
3. Develop supervisors and managers into leaders 
4. Have a defined compensation system that is fair & equitable 
5. Create & maintain a culture of honest, constructive & frequent feedback
6. Make open communication a “way of life.” 

There is one common thread that exists within all businesses: the responsibility to realize an organization’s potential rests with the people it employs. The greater the contribution of the employees in every job and at every level, the greater the chance the organization will have a competitive edge. In this sense, employees are a company’s most lucrative investment in terms of ROI. To gain a competitive advantage over competitors, companies need to have strong internal teams who work well together and enjoy coming to work. J. L. Nick & Associates, Inc., is the complete source for human resource and management consulting. Our services cover the spectrum, from human resources outsourcing to specific projects like leadership development or compensation analysis. Our goal is to be a resource, help companies accomplish goals, and grow businesses into long-term and sustainable enterprises.

1. Recruit the Brightest and the Best

Be flexible in your recruiting approach. Be sure that you’ve uncovered your candidates’ motivational and monetary needs. Conduct professional reference and background checks.

2. Have a Well-Designed Orientation Program

Establish and consistently utilize a documented plan for onboarding new employees and ensure that a mechanism is in place for continuous feedback through the Introductory Period.

3. Develop Supervisors and Managers into Leaders

Train all Supervisors and Managers in the art of leadership and continue to reinforce the necessity for them to take ownership of Human Capital development.

4. Have a Defined Compensation System That is Fair & Equitable

Ensure that your Compensation System is designed with knowledge of market pricing and with a full understanding of internal parity. Simplicity in explanation is also a virtue.

5. Create & Maintain a Culture of Honest, Constructive & Frequent Feedback

Having an environment in which every employee feels comfortable prompting a discussion — be it positive or negative — regarding status of the business, performance and/or employee behaviors is crucial if your organization values continuous improvement.

6. Make Open Communication a “Way of Life”

Communication within the organization must flow as freely from the “bottom-upward” as it does from the “top-downward.” Reaffirm, don’t rebuff — employees who believe that their thoughtful and constructive input is welcome are typically more engaged in their work. Further, ensure success by assigning responsibility for the management communication channels.

Your Leading HR and Management Consulting Firm in Erie, PA

Creating an environment designed to attract and retain quality employees requires focus and commitment. It is not necessarily easy; however, it pays huge dividends. Our expert team of human resource professionals at J. L. Nick & Associates, identify needs and solve organizational challenges by understanding your team and making custom plans for success. As a full-service human resource consulting firm, we offer support in all areas of human resources and partner with business leaders to help optimize employee engagement. To us, it’s not just about doing a job, but about providing an objective outlook, identifying business needs, and generating strategies to get your business to the next level, efficiently. 

Contact us today to schedule a consult!