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We’ve all heard the saying, "Hire for attitude, train for skill." But what if we told you there's a new mantra shaping the retail industry's talent acquisition landscape - "Hire for Skill, Nurture the Attitude."In an era where retailers compete fiercely for talent, the time has come to rethink traditional hiring strategies. The key? Skills-based hiring.Skills-based hiring focuses on the ability to do the job rather than a candidate's traditional qualifications. This progressive method gives the retail industry a competitive edge in the war for talent.Consider the case of Apple. Their retail employees, known as "Specialists," are selected based on their ability to deliver an exceptional customer experience rather than past retail or tech experience. By focusing on skills such as problem-solving, communication, and empathy, Apple has set a new standard in retail customer service. More about this can be found&nbsp;<a href="https://www.inc.com/carmine-gallo/apple-just-revealed-a-brilliant-way-it-may-handle-its-very-serious-retail-proble.html" data-mce-href="https://www.inc.com/carmine-gallo/apple-just-revealed-a-brilliant-way-it-may-handle-its-very-serious-retail-proble.html">here</a>.To illustrate the power of skills-based hiring, let's walk through a story. Meet Sarah, a former barista at a local coffee shop. Though she had no formal retail experience, she possessed invaluable skills - an exceptional ability to connect with customers, keen attention to detail, and a knack for upselling. A traditional hiring process might have overlooked Sarah. However, a fashion retailer that employed skills-based hiring recognized her potential. Today, Sarah is their top-performing sales associate, proving that skills trump experience.The retail industry is at a pivotal moment. The global pandemic has accelerated the need for change. With an increased emphasis on online shopping, the demand for digital and customer service skills has surged. Skills-based hiring can help retailers secure the talent they need to thrive in this new reality.So, let's embrace this shift. Let's value skills as the new currency in hiring. Let's give the baristas, the homemakers, and the career changers a chance to shine.Are you ready to redefine your hiring strategy? What skills will you prioritize in your next hire? Share your thoughts in the comments below.<a href="https://www.linkedin.com/feed/hashtag/recruiting" data-mce-href="https://www.linkedin.com/feed/hashtag/recruiting">#recruiting</a>&nbsp;<a href="https://www.linkedin.com/feed/hashtag/skillsbasedhiring" data-mce-href="https://www.linkedin.com/feed/hashtag/skillsbasedhiring">#skillsbasedhiring</a>&nbsp;<a href="https://www.linkedin.com/feed/hashtag/retail" data-mce-href="https://www.linkedin.com/feed/hashtag/retail">#retail</a>&nbsp;<a href="https://www.linkedin.com/feed/hashtag/hiring" data-mce-href="https://www.linkedin.com/feed/hashtag/hiring">#hiring</a>

Redefining Talent Acquisition in Retail: The Power of Skills-Based Hiring

As we navigate the ever-evolving retail landscape, staying informed about the latest trends and shifts in the global talent market is crucial. According to&nbsp;<a href="https://www.linkedin.com/company/linkedin/" data-entity-type="MINI_COMPANY" data-mce-href="https://www.linkedin.com/company/linkedin/">LinkedIn</a>'s&nbsp;<a href="https://business.linkedin.com/talent-solutions/global-talent-trends?trk=bl-po&amp;veh=GTT_Takeaways_Blog_Post" data-mce-href="https://business.linkedin.com/talent-solutions/global-talent-trends?trk=bl-po&amp;veh=GTT_Takeaways_Blog_Post">2023 Global Talent Trends</a>&nbsp;report, we are witnessing a significant slowdown in hiring rates globally. However, this slowdown is accompanied by a rise in internal mobility, indicating a shift in how companies manage their talent.<h2 class="reader-text-block__heading1">The Slowdown in Hiring</h2>The report reveals that hiring rates have decreased over the past year in a sample of 17 countries. This trend is not isolated to specific regions or industries; it's a global phenomenon. According to the report, in Canada, the number of LinkedIn members who added a new employer to their profile in the same month the new job began (referred to as the Linkedin Hiring Rate or LHR) is down 40% relative to its 2022 baseline. In the United States, the&nbsp;LHR&nbsp;is down 28%.&nbsp;Despite this slowdown, internal mobility is on the rise, with 16 of the 19 global industries analyzed experiencing an increase in internal promotions and role transfers.This trend is particularly relevant for the retail industry, which has been grappling with significant changes in consumer behaviour and market dynamics. The slowdown in hiring presents both challenges and opportunities. It forces us to rethink our hiring strategies and focus more on nurturing and developing the talent we already have.<h2 class="reader-text-block__heading1">The Rise of Internal Mobility</h2>While hiring has slowed, internal mobility is trending upward. This trend is a testament to the resilience and adaptability of our workforce. It's a reminder that despite adversity, there are opportunities for growth and advancement.For example,&nbsp;<a href="https://www.linkedin.com/company/walmart/" data-entity-type="MINI_COMPANY" data-mce-href="https://www.linkedin.com/company/walmart/">Walmart</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/company/amazon/" data-entity-type="MINI_COMPANY" data-mce-href="https://www.linkedin.com/company/amazon/">Amazon</a>, have been known to invest heavily in employee development and upskilling, particularly during challenging times. Amazon announced an initiative called&nbsp;<a href="https://www.aboutamazon.com/news/workplace/upskilling-2025" data-mce-href="https://www.aboutamazon.com/news/workplace/upskilling-2025">Upskilling 2025</a>, where they committed to invest over $1.2 billion to provide upskilling training programs for employees. This initiative aims to provide 300,000 employees with access to free training programs, including college tuition for their front-line employees, by 2025. The programs are designed to meet employees where they are and provide training opportunities in well-paying, high-demand areas like medicine, cloud computing, and machine learning.<h2 class="reader-text-block__heading1">A Call to Action</h2>In light of these trends, it's clear that we need to rethink our approach to talent management. As retail leaders, we can lead the way in creating more efficient and equitable labour markets. This involves designing roles around skills, recruiting candidates based on their skills, and helping employees build the skills businesses need in the future.As we navigate this new era of hiring, let's remember that our greatest asset is our people. By investing in their growth and development, we can build resilient teams that are capable of navigating the challenges and opportunities that lie ahead.<a href="https://www.linkedin.com/feed/hashtag/talentmanagement" data-mce-href="https://www.linkedin.com/feed/hashtag/talentmanagement">#TalentManagement</a>&nbsp;<a href="https://www.linkedin.com/feed/hashtag/hiringtrends" data-mce-href="https://www.linkedin.com/feed/hashtag/hiringtrends">#HiringTrends</a>&nbsp;<a href="https://www.linkedin.com/feed/hashtag/internalmobility" data-mce-href="https://www.linkedin.com/feed/hashtag/internalmobility">#InternalMobility</a>&nbsp;<a href="https://www.linkedin.com/feed/hashtag/retail" data-mce-href="https://www.linkedin.com/feed/hashtag/retail">#Retail</a>&nbsp;<a href="https://www.linkedin.com/feed/hashtag/employerbranding" data-mce-href="https://www.linkedin.com/feed/hashtag/employerbranding">#EmployerBranding</a>

The New Era of Hiring: A Deep Dive into Global Talent Trends

As a professional navigating the complex world of work, have you ever found yourself recoiling from feedback, even when you know it could be the key to your growth? Well, you're not alone. 🌎📚 According to a compelling article by IvyExec, we often shy away from feedback due to the fear of failure, discomfort, and sometimes, the uncertainty of how to use that feedback effectively. But what if we could flip the script? Imagine transforming feedback fear into a powerful tool for growth and success.📈 Let's take a look at a real-life example - Sarah Blakely, the self-made billionaire and founder of Spanx. She attributes much of her success to embracing feedback, even when it's harsh or uncomfortable. In an interview with Forbes, Blakely said, "My dad encouraged us to fail. Growing up, he would ask us what we failed at that week. If we didn't have something, he would be disappointed" (<a href="https://www.forbes.com/sites/clareoconnor/2012/03/07/undercover-billionaire-sara-blakely-joins-the-rich-list-thanks-to-spanx/" target="_blank" rel="nofollow noopener" data-mce-href="https://www.forbes.com/sites/clareoconnor/2012/03/07/undercover-billionaire-sara-blakely-joins-the-rich-list-thanks-to-spanx/">source</a>).🌟 It was this unique perspective on failure and feedback that helped her create a billion-dollar brand from scratch.💡 But how can we shift our perspective as Sarah did? It starts by understanding that feedback isn't personal. It's about improvement, not judgment. It's about growth, not failure.🎯 So, the next time you find yourself hiding from feedback, remember that every piece of advice, every comment, and every critique is a stepping stone on the path to success.🔎 Check out the full article here for more insights:&nbsp;<a href="https://ivyexec.com/career-advice/2023/why-we-hide-from-feedback-2" target="_blank" rel="nofollow noopener" data-mce-href="https://ivyexec.com/career-advice/2023/why-we-hide-from-feedback-2">Why We Hide From Feedback</a>💬 Let's get the conversation started - how do you handle feedback? Do you have any strategies or stories to share about turning feedback into a tool for growth? Let's learn from each other and grow together.#FeedbackIsAGift&nbsp;⛽️&nbsp;#GrowthMindset&nbsp;🚀&nbsp;#CareerAdvice&nbsp;💼&nbsp;#Leadership

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Redefining Talent Acquisition in Retail: The Power of Ski...

The New Era of Hiring: A Deep Dive into Global Talent Trends

Transforming Feedback Fear into Growth Gear