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Agrimarketing : November December 2008
HRBESTPRACTICES The Scoop on Recruiting A gCareers.comhas identifiedfive trends that agribusiness employ- ers should considerwhen devel- oping strategic human resource plans. Nearly 50 agribusiness organizations in theUnited States froma variety of industry sectors completed the annual AgribusinessHRReview,which provides insight,market knowledge and data on a range of human resources “best practices” specific to the industry. While a great deal of informa- tionwas gathered and analyzed in the report, several common trends were evident among the responding companies. 1. Recruitment of Employees The 2008 report shows that employee referral programs and networks rank at the top of the list to recruit employees. What do you consider to be the most effective means of reaching prospective applicants? RANK METHODS 1. Employee Referrals and Networks 2. Online Job Bulletin Boards (ie. www.agcareers.com) 3. Newspapers—Community 4. Counterpart 5. Specialist recruitment and search services “If you have not considered an employee referral programprevi- ously, it is a fairly simple plan, or program, to implementwithin an organization depending upon the size and scope of the plan,” states MelindaMullenix,Human Resource ServicesManager for AgCareers.com. Job boards ranked second among agribusiness organiza- tions, which is also apparent by the increase in jobs posted on theAgCareers.comWeb site from 2007 to 2008. The site has seen a 50% increase in job postings. 18 AgriMarketing s November/December 2008 2. Incentive Pay and Base Pay Another interesting trend related to salary information shared in the report includes the varying incen- tive schemes that agribusiness employers offer.More than 80%of the employers that participated in the agribusiness salary survey compensate individuals beyond base pay. In addition,more than 45%of responding companies have budgeted for a salary increase of 3.1%to 4%. Salary increaseswere allocated based on performance (48.8%), followed bymarket changes (22.2%). 3. Turnover The final report found that 15%of participating employers identified their employee turnover rate to be between 8.1%and 10%. Only 13% of companies reported employee turnover rates less than 2%. 4.Measuring Employee Satisfaction While employee satisfaction is often a question asked in exit interviews, only 43.5%of agri- business companiesmeasure employee satisfaction.While this number is up slightly from2007’s report, “Employers in our industry need to do a better job of being proactive and asking their employees for information about whatmakes their business suc- cessful,” according toMullenix. 5. Retirement Increases Aswithmost industries,more individualswill be exiting the workforce due to retirement in the next fewyears. Themajority of employers contributing to theHR report estimate theywill have one to five percent of employees retir- ing in the next four years. To get thisHR best practices data for your organization, the 2008 AgCareers.comAgribusiness HR Review, both U.S. and Canadian versions, are available to purchase. To purchase, or formore information contactAgCareers.comat email@example.com. AM How Do You Measure Up? Find out with the Compensation Benchmark Review (CBR)! The CBR is an innovative, online product that provides meaningful compensation data ?? ? ??????????? ?????? ??? ??? agribusiness industry. Why Should You Participate? The CBR is a cost effective tool that can provide your organization with a competitive advantage – use the information gained to set you apart from your competition. Contact AgCareers.com to get started. Phone: 800.929.8975 E-mail: firstname.lastname@example.org Website: www.AgCareers.com A member of the Farms.com Family
American Seed Trade Association