#156 How to retain and recruit talent in a tight labor market
Retail Gets Real · with Carmen Bryant and Daniel Culbertson · February 10, 2020 · 23 min
Summary
This episode provides critical insights for retailers navigating a challenging labor market. Featuring experts from Indeed, it delves into data-driven strategies for attracting and retaining talent, offering actionable advice on compensation, benefits, company culture, and leveraging technology to streamline hiring. Essential for any retail operator looking to strengthen their workforce.
Key takeaways
Implement data-driven compensation and benefits packages that align with current labor market trends and employee expectations beyond just salary.
Focus on building a strong employer brand and fostering a positive company culture to attract and retain talent in a competitive environment.
Leverage technology and platforms like Indeed to analyze labor market data and streamline recruitment processes, making informed decisions about talent acquisition.
Invest in employee development and career pathing to increase engagement and reduce turnover, addressing the evolving expectations of the workforce.
Understand the macroeconomic factors influencing the labor market to proactively adapt talent strategies and maintain a competitive edge.
Indeed’s Director of U.S. Marketing Carmen Bryant and Economist Daniel Culbertson join Retail Gets Real from NRF 2020: Retail’s Big Show to share data-driven insights on the current state of the labor market and how retailers can adapt in a challenging environment. Learn more at retailgetsreal.com.
What does this episode say about retail & omnichannel?
Implement data-driven compensation and benefits packages that align with current labor market trends and employee expectations beyond just salary.
What does this episode say about founder & leadership?
Focus on building a strong employer brand and fostering a positive company culture to attract and retain talent in a competitive environment.
What does this episode say about ai & automation?
Leverage technology and platforms like Indeed to analyze labor market data and streamline recruitment processes, making informed decisions about talent acquisition.
What does this episode say about retail & omnichannel?
Invest in employee development and career pathing to increase engagement and reduce turnover, addressing the evolving expectations of the workforce.
What does this episode say about retail & omnichannel?
Understand the macroeconomic factors influencing the labor market to proactively adapt talent strategies and maintain a competitive edge.
