talent – DealershipNews.com https://dealershipnews.com Automotive News You Can Use Thu, 31 Oct 2019 18:34:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.6.12 https://dealershipnews.com/wp-content/uploads/2017/11/cropped-DSNLogo-Mobile-32x32.jpg talent – DealershipNews.com https://dealershipnews.com 32 32 158686725 Don’t be so Old School! https://dealershipnews.com/2019/10/dont-be-so-old-school/?utm_source=rss&utm_medium=rss&utm_campaign=dont-be-so-old-school Thu, 31 Oct 2019 18:34:15 +0000 https://dealershipnews.com/?p=36652 One of the biggest challenges in our industry is attracting and retaining top talent.  We have struggled with chronically high turnover for as long as I’ve been around—and that’s been a while…this December will mark the beginning of my 22nd year in our wild and wonderful business!  Our astronomic turnover doesn’t seem to...

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One of the biggest challenges in our industry is attracting and retaining top talent.  We have struggled with chronically high turnover for as long as I’ve been around—and that’s been a while…this December will mark the beginning of my 22nd year in our wild and wonderful business!  Our astronomic turnover doesn’t seem to change no matter how much we yammer on about culture.  I have some opinions about that but that is another article isn’t it?  

What I felt compelled to write about after helping someone fill out an online application is this:  Dear Lord……please stop making it SO hard for people to send their initial application!!!!!  The entire process should take literally a few minutes not almost an hour for God’s sake!  

I get it…..I really do.  I used to be a stickler for having the entire application filled out right off the bat.  And I do still advocate for a full application collected in the hiring process.  I want that application that requests information that I want to know versus the resume which is information the candidate wants me to know.  I still believe that this is very important and can lead to discovering critical information about your candidate.  I’ve simply changed my mind about WHEN I want that information.  And if you just can’t see your way to changing it, PLEASE don’t put fields like date of birth on your application.  Are you asking for a ADEA (Age Discrimination) suit?  Again, another article.  

But seriously, times have changed people.  We are not living in the same world we did even 5 years ago.    My perspective has changed in the last few years and I believe that we need to keep it simple and make the process faster.   Get the long tiresome application later in the hiring process.  Please.  

Why you ask?  

Well, I’ll tell you.  It’s pretty simple really.  

Because you are going to lose candidates.  

We are operating in a very interesting employment environment.  In the beginning of October the Department of Labor posted that for the 18th month in a row there were more job openings that people to fill them.  Think about that for a minute.  For a year and a half employers have been in competition for candidates that have a LOT of options.   

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Additionally, we have historically low unemployment rates AND the workforce is filling with new generations.  Did you know that in just 4 very short years that 75% of our entire workforce will be made up of Generation Z & Millennials?  To top this off our Boomer generation is finally retiring—not only leaving a physical talent gap but also a skills gap.  In our industry, many of these Boomers hold our top management position.  Do you have a succession plan for this? 

So………..

So, we have candidates with options, very different wants and needs, who are doing EVERYTHING with their phone—and won’t be spending an HOUR to fill out an application for a position they MIGHT want to take.  Chances are they are already working and if they are dissatisfied and looking for a new employer they are going to apply with the company that gets them.  And if you don’t make the process quick and easy—that’s not you.  

So, rethink your application process—who knows what amazing new talent you are missing and gifting to the competition with an archaic process.  The talent pool is smaller than the ocean of open positions plus they are vastly different in their expectations.  

So, don’t be so old school in your recruiting strategies.  Update your thinking, update your process, update your application, update your ATS (my favorite is www.automotohr.com).  Make it simple, easy, and mobile friendly.  Talk to candidates—sell them on your dealership and your employee value proposition (yes, another article)—THEN once YOU know you want them, and THEY are convinced they want YOU—get them to fill out the application.  

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How Auto Retailers Should Lure Top Talent https://dealershipnews.com/2019/03/how-auto-retailers-should-lure-top-talent/?utm_source=rss&utm_medium=rss&utm_campaign=how-auto-retailers-should-lure-top-talent Mon, 04 Mar 2019 01:00:36 +0000 https://dealershipnews.com/?p=27500 Industry pressures also affect the retail side. Dealers are seeing markets consolidate and product sales margins decline. That’s why the human capital side of the automotive equation is becoming more critical than ever to the industry’s success.   In taking a look at the dealers who made it through the...

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Industry pressures also affect the retail side. Dealers are seeing markets consolidate and product sales margins decline. That’s why the human capital side of the automotive equation is becoming more critical than ever to the industry’s success.

 

In taking a look at the dealers who made it through the recession, a common theme in their strength is how well these sellers support their employees when the company isn’t as successful. Those that adopted the people-first strategy weathered the economic downturn.

 

Today, while sellers may not be faced with extinction because of insufficient sales, they’re still facing problems addressing the costly talent gap, struggling to find top salespeople and company technicians, and attracting millennials from all other fields. That’s no surprise in an economic climate with the unemployment rate at the lowest in nearly five centuries and companies such as Amazon apparently determined to upend the minimum wage.

 

No matter the financial conditions, you need good people to support your business. And these talented employees are going to be in demand.

 

At Hireology, we have an expression for this phenomenon: the Applicant Economy.

 

I believe that developing a hiring sales process to target high-performing human capital not only will factor into the biggest trends for 2019 but also will serve as a key aspect in the industry’s success over the following five years. Here’s what we see as the three biggest trends within 2019.

 

1 . Addressing the “Brand Tax” in finding and retaining top talent in the car industry

What happens when automotive retailers — an industry that does not have the best reputation or even recognition with consumers, especially millennials — have job openings? They will pay a steep “brand taxes,” by both paying more than market value on recruitment efforts and promotion via job posting systems.

 

To circumvent the particular brand tax, dealers need to much better commercialize their website and external-facing brand. Just like it’s important for the consumer aspect of a dealership website to be convincing, dealers need to ensure that jobs may be easily found on the career section of their website. The career section should include an overview of the car dealership culture, strong job descriptions and an overview of career paths and benefits. To further avoid the brand taxes, dealers need to make sure they’re optimizing their recruitment spend similar to how that they’d optimize their consumer advertising spending budget.

 

2 . Adopting the people-first strategy

In the current labor market, there is a top echelon of talent for which all companies should compete. Top talent tend to be not just browsing job boards. They may be leveraging multiple channels to search for work and will have many choices and expectations.

 

Implementing a people-first strategy helps dealers build and engage a larger pool of these candidates. Beyond recruitment marketing, dealers should showcase a strong company culture, ongoing learning opportunities and other perks that can help their brands compete in the market.

 

Dealers that attract and hire talented applicants are not only investing in their people but in the dealership. In time, these employees will bring their own passion and energy to the company and make clear that they value their own work.

 

  1. Increasing the HR function to a management role at dealerships

Payroll can account for at least fifty percent of a dealership’s operating costs — if not more — so there’s small margin for error with bad hiring practices, weak onboarding, higher turnover, etc . Yet, when I speak with human resources professionals at dealerships across the nation, I constantly hear their annoyance at lacking the bandwidth in order to strategically approach talent acquisition and retention.

 

In the applicant-driven economy when human resources must put on so many hats — compliance, functions, etc . — dealers must place HR to succeed by investing in attracting, employing and integrating new personnel to their dealerships. This includes adding a HUMAN RESOURCES expert such as a chief human resources official to the leadership team.

 

By elevating the HR functionality and prioritizing company culture, sellers will decrease the time needed to employ and onboard quality employees.

 

If dealerships want to draw in top talent, 2019 needs to be the entire year that they shift their approach about how they market job openings. Sellers must market their open opportunities in the same way that they would the cars on the lot in order to win the Candidate Economy.

 

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