Organizational needs have changed over the past five years as we get comfortable in the second decade of the 21st century. Human capital (i.e., people) are the only resource that will make a difference, regardless of the industry you work in. Hiring practices must change if one is to maximize the organization’s ability to hire the best. Here’s what’s in and what’s out for retailers looking to acquire and retain executive talent this year.
One of the biggest challenges for retailers today is obtaining customer loyalty. How do you retain the customers you already have, while at the same time attracting new ones? Gone are the days when retailers exclusively owned a person’s loyalty. In today’s competitive environment most retailers and brands are actively trying to figure out ways to grab that customer and divert their attention away from the competitive landscape.