STRATEGIES , PRACTICES TO CONSIDER
WAREHOUSING EDUCATION AND RESEARCH COUNCIL
148 of keeping the good management talent you have , and attracting new talent ,” emphasizes Brian Devine , senior vice president , Employbridge .
Minghini ’ s recommendation on the issue is “ slow to hire and quick to fire .”
STRATEGIES , PRACTICES TO CONSIDER
Williams and O ’ Connor recommend a three-step formula to achieve success in recruitment and retention . As they explain , “ Organizations need to optimize their people resources by building flexibility and agility into their workforce . And they need to put processes and systems in place to track key workforce metrics and leverage data to better manage labor costs , performance and engagement .”
Minghini shares that in the current labor market ( low unemployment , wage discrepancy ) FW Warehousing is using peer networking to fill current talent gaps . Also , we are using experienced recruiters that have 3PL and supply chain experience to help fill the talent gaps .
A Ryder white paper suggests a multi-prong approach to attract and retain millennials to the supply
“ In my opinion , it ’ s the combination of keeping the good management talent you have , and attracting new talent ”
— Richard Murphy , President / CEO
chain . It includes using “ great internship experience , creating a culture to mentor millennials , implementing career development plans and giving access to cross-functional programs . Devine suggests attracting new candidates by providing a “ fair , competitive compensation package . For management and executive talent this also includes salary and incentives in the top 50 percent of the market , good healthcare plans , liberal PTO , 401K , and / or some company stock accumulation plan .”
MAY 2019