As supply chains have never been so dependent on technology and, in particular, on software technologies, hiring talent is more pressing than ever. The working world is changing and it seems like candidates are now asking more and more of businesses. We’re joined by Radu Palamariu, Managing Director of Alcott Global to discuss what modern companies can do to find and retain talent and how supply chains can recruit experts with the right skills.
Alcott Global specialises in recruiting executives for supply chain, they work with a wide range of companies that mainly focus on shipping, logistics and manufacturing. They count Maersk and DB Schenker amongst their clients. Previous to working at Alcott Global, Radu had a lengthy background in management consulting before deciding to specialise in executive research, because he strongly believes that the human element within a business is truly the “make or break” factor.
So just what is it about supply chains specifically that makes hiring so interesting? For starters, if a business is large enough to have a considerable supply chain, then that already means that the business has reached a certain size. All growing companies have their own set of specific challenges that accompany their expansion, and stalling this growth simply to avoid these challenges obviously isn’t an option.
We debate the popular belief that nowadays people, especially millennials, want to work in an environment where they feel like they’re doing something meaningful. We go into more detail on what various successful companies such as Facebook, Google and Amazon do when it comes to recruitment and creating attractive work environments. Without a doubt, a major factor is the idea that talent attracts talent, which worked very well at Facebook with Yann LeCun for example. We also discuss the role that salary has to play and the “golden handcuff” effect that this can often provoke.
Flexibility and the ability to work remotely is something that is now largely demanded, by both millenials and gen-z’s within the workforce. We can say that we’ll soon be able to see the impact of this, as due to Covid-19 we are now living through the largest forced experiment of “work from home” to date.
To wrap things up, we talk about the idea of shortening the working week and its effect on productivity. In addition, we discuss the all important idea of skills that are currently being underappreciated within the supply chain world.
00:29 Radu, perhaps you could start by telling us a little more about your background and Alcott Global?
01:50 What is it about the supply chain industry that makes hiring so interesting?
03:33 Why are companies putting so much importance in the people they recruit?
05:18 What can companies do to ensure they attract the best talents?
07:57 What is your opinion on the way companies attract talents?
09:02 What can companies do in order to keep hold of the staff they recruit?
11:16 Joannès, in your role as a CEO, what do you think your staff should expect from you?
14:21 How important are salaries and benefits?
18:27 How important is the possibility of remote work?
19:55 Would you say that the supply chain industry suffers, or will suffer, from a skills shortage?