New fin year, new you: How to professionally shape up for the opportunities waiting for you

As the end of the financial year approaches, it’s a perfect time for businesses to reflect on their talent needs and consider how they can make a fresh start. Whether you’re looking to expand your team or seeking growth within your organisation, this blog will provide valuable tips to help your business prepare for the exciting opportunities that await professionally.

 

Did you know the recruitment process revs up as we approach the end of the financial year? As new projects are planned, and budgets are allocated, it is a great time to attract top talent and consider hiring new employees or exploring career changes for existing team members, especially as there is usually less competition than in January and February.

 

A recent survey conducted by LinkedIn reveals that 59% of Australians are contemplating leaving their current jobs in 2023. So let’s position your business to attract the best talent and give your organisation a competitive edge.

Assess Your Employees’ Skills and Encourage Goal Setting

Encourage your employees to set clear, achievable goals that align with their career aspirations. Research by Dr. Gail Matthews from the Dominican University of California shows that committing to written career goals significantly enhances goal achievement and overall professional success. Participants who documented achievable goals and actively followed up on their action plans experienced a remarkable success rate of over 70%. In contrast, those who did not write down goals saw their success rate decline to 35%. This highlights the significant influence that written goals can have on enhancing performance and achieving desired outcomes in one’s professional life. Encourage your employees to evaluate their current skill set and identify areas for improvement.

Stay Up-to-Date with Industry Trends

In today’s rapidly evolving business landscape, staying updated with industry trends is crucial for your organisation’s success. Encourage your employees to follow reputable industry publications and attend relevant webinars or conferences. Knowledge of emerging technologies, market shifts, and best practices will make your business a leader in the industry.

Enhance Your Employees’ Digital Presence

In the digital age, having a solid online presence is essential for professional growth. Did you know 95% of recruiters are on LinkedIn? Encourage your employees to update their LinkedIn profiles with recent accomplishments and endorsements. Encourage them to showcase their expertise by sharing insightful industry articles on social media. Help them make a positive impression with a polished digital presence.

Invest in Continuous Learning

Foster a culture of lifelong learning within your organisation. Encourage your employees to commit to continuous learning to stay ahead in their careers.  2022 saw a 49% annual increase in time spent learning technical skills. Employees believe that learning opportunities positively impact their career progression. Encourage them to enrol in online courses, attend workshops, or pursue professional certifications relevant to their roles.

Network, Network, Network

Expand your business’s professional network both online and offline. Encourage your employees to attend industry events, join relevant LinkedIn groups, and connect with like-minded professionals. The power of networking cannot be overstated. Experts believe up to 80% of jobs are filled via professional networking, with between 70%-80% of jobs available never being posted. Who you know matters!.

Foster Mentorship Programs

Mentorship is a valuable resource for professional growth within your organisation. Encourage employees to seek mentors who can guide their career journey, provide valuable insights, and help them navigate challenges. Additionally, consider implementing a mentorship program where experienced employees can mentor and share their knowledge with others. Mentorship enhances leadership skills and boosts employee development. Research shows that employees who have mentors are five times more likely to receive a promotion. Employees who have mentors are five times more likely to receive a promotion.

Embrace Challenges and Take Calculated Risks

Embracing challenges and taking calculated risks is essential for business growth and innovation. Encourage your employees to step out of their comfort zones and embrace challenging opportunities that align with your company’s goals. Taking calculated risks can lead to personal and professional growth, as well as higher job satisfaction. Research from Harvard Business Review suggests that individuals who embrace challenges have higher job satisfaction and are more likely to be successful in their careers.

As the new financial year approaches, it’s the perfect opportunity for businesses to take charge of their professional development and position themselves for success in the ever-changing market. By assessing your company’s skills, staying updated with industry trends, enhancing your digital presence, investing in continuous learning, fostering networking opportunities, seeking mentorship, and embracing challenges, you’ll unlock endless possibilities and seize new opportunities. Get ready to shape up your business and embark on an exciting new chapter in your journey to achieve remarkable growth and success.

With an expert team with over 20 years of industry experience, we help simplify the recruitment process. We can connect you to your next opportunity; get in touch today. .

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