Tim Shine: The secret to attracting and retaining talent
A common misconception when it comes to the hiring process is that compensation is the most important attractor. However, this is one small piece of a much larger puzzle, says Tim Shine, principal at Shine Associates.
Through observations from clients and candidates, Shine Associates, a Boston-based exclusively retained search firm dedicated to the real estate space, has gleaned that compensation is actually ranked third, fourth and sometimes even fifth for some jobseekers. Instead, when choosing whether or not to accept a job, what Shine refers to as “softer issues” within an organization are often a bigger consideration.
“Most people think that in order to retain talent, the number one concern of most candidates is compensation, but that is typically not the case,” explained Shine in a video interview conducted with IREI earlier this year. “Typically, our candidates are looking for a career path. They're looking for communication. They're looking for upward