The new year is arriving quickly, and companies across the country are doing their best to prepare. Since 2023 will come with unique challenges, preparing for success may require more effort. If you aren’t sure how to put your business on the path toward success, here are some tips.
Begin with a SWOT Analysis
Creating an effective, strategic plan for the upcoming year often requires a degree of reflection. By performing a SWOT (strengths, weaknesses, opportunities, and threats) analysis, you can take a close look at where your company stands today.
Often, the resulting insights from a SWOT analysis are powerful, showcasing opportunities for growth and improvement while improving overall visibility. It can also make choosing a direction for the business simpler, as some paths may have clearer chances for success than others.
Examine Evolving Market Challenges
Overall, 2022 has been tumultuous, creating unique challenges that hinder a wide variety of sectors and operational areas, including the staffing industry and recruitment in general. Inflation, a potential upcoming recession, and shifting candidate sentiment will remain issues during 2023. As a result, it’s wise to factor them into the equation as early as possible.
Spend time examining evolving market challenges within your industry. Additionally, review analyses regarding the future of the labor market, both in your immediate area and broadly. By doing so, you can ensure that any initial goals are reasonable based on the current state.
Set Goals, Identifying Top Priorities and Associated KPIs
After the previous two steps, it’s time for goal-setting. Use the SMART (specific, measurable, achievable, relevant, and time-bound) goals approach to ensure your targets are well-defined. Next, prioritize your objectives to determine which require more focus. Finally, choose KPIs (key performance indicators) relating to those goals to make tracking success easier from the get-go.
Ideally, you want to have both short and long-term goals as part of the equation. Consider both what you want to accomplish in the year and what you hope to achieve beyond the next 12 months.
Once you have your core goals, it’s wise to break them into actionable milestones. By doing so, you can create a functional roadmap to time steps and logically work toward success. As a result, staying on target is simpler.
Additionally, plan to revisit your goals regularly, such as once per quarter. Certain market conditions will fluctuate during the year, so reviewing your targets creates opportunities for adjustments in response to the shifting landscape.
Modernize Your Onboarding Process
Your company’s onboarding process significantly impacts the new hire experience. If it’s cumbersome, tedious, or disorganized, incoming employees will typically assume the business operates similarly across the board, which isn’t ideal. Additionally, a subpar onboarding process harms engagement and knowledge retention, and it may even increase your odds of being ghosted by candidates.
By embracing modern onboarding technology, offering an exceptional candidate experience is far easier. Plus, strategic content delivery, mobile-friendly designs, and automation allow new hires to begin before day one using their preferred device, all while reducing the company’s administrative burden.
As a result, you’ll attract higher-quality candidates, streamline hiring, and ensure new hires are ready to excel. That leads to greater recruitment success, making it easier to achieve your hiring goals and reach full productivity.
Ultimately, with proper preparation, achieving success is possible in 2023 and beyond. The tips above are designed to get you moving in the right direction, ensuring you can plan strategically and set logical goals for the upcoming year.
If you want to simplify and enhance your onboarding process by embracing modern onboarding technology, Essium can help. Contact us to learn more about how our comprehensive and contemporary onboarding solutions can benefit your staffing firm.