Hiring talented people for your business is going to cost you, and it should. Hiring good employees takes time and money. It is not only the salary you are going to offer when you hire an employee that is going to cost you, but the perks you offer them as well. Hiring a good employee should be a tried process that you or your company have developed. The cost associated with hiring a new employee is not something to take lightly. And for the retail industry, the difference between hiring a good employee or a bad one can have bad financial consequences from the start. Follow the links below for more about this topic.
Want To Hire Great Employees? Fix Your Broken Recruiting Process
It is sad that business leaders still complain about “talent shortages” when anyone who has applied for a job lately knows that the standard corporate or institutional recruiting process is badly broken.
It isn’t talent shortages that keep employers and willing and capable job-seekers apart. It’s the broken-down state of the recruiting process!
Leaders who are serious about hiring great people need to examine their own internal practices and fix whatever is broken.
Here is a simple checklist of common breakdowns to get them started:
Ten Broken Recruiting Practices To Fix
1. Job ads are too often written in an opaque, insulting way that doesn’t even try to sell a job-seeker on the opportunity — but instead lists endless Essential Requirements that few if any working people possess.
Can A Change In Retail Hiring Practices Help Save America’s Department Stores?
In their early days, department stores were the epitome of innovation. Towards the end of the 19th century, Marshall Field was challenging the old-fashioned notion that shopping should be conducted purely out of necessity. By emphasizing customer service (his famous motto: “give the lady what she wants”), offering luxury amenities for his clientele and turning shopping into a full-blown experience, he truly revolutionized the retail industry. At the turn of the century, his protégé Harry Selfridge brought the mentality of “the customer is always right” from Chicago to London, further revolutionizing the industry through ingenious marketing stunts and a customer-first approach at Selfridges & Co.
Just one century later, the advent of the internet has once again revolutionized the retail experience – unfortunately, not to the benefit of most brick-and-mortar retailers. These days, shoppers don’t need to visit their local department store to purchase a new pair of shoes – thanks to the internet, they’re now spoiled with options in all kinds of colors, styles and sizes. Nowadays, we can purchase virtually any style of shoe from anywhere in the world at a competitive price point, and, for the most part, still receive fairly decent customer service.
A key portion of the retail apocalypse has been going on for decades
A significant consequence of the downturn in brick-and-mortar retailing is that thousands of people are losing their jobs.
In May, there were nearly 19,000 fewer people working in department stores compared to January, according to the Bureau of Labor Statistics, amid a record pace of store closures. This is happening because the US has built too many stores since the 1990s, and online shopping is booming.
A look back shows that retail jobs have been declining as a share of overall employment since the late 1980s.
“Employment in grocery stores, department stores, electronics stores, furniture stores, etc. has been declining as a share of total employment since 1989,” wrote Torsten Slok, the chief international economist at Deutsche Bank, in a note on Wednesday.
“Another way of saying this is that we have seen less growth in the retail sector relative to other sectors in the economy. Put differently, it is nothing new that the retail sector is underperforming, and looking at the absolute level of employment in retail it is currently close to the highest level in twenty years.”
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