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There are studies like “2022 Fashion Industry Benchmarking Study” where he realizes how important it is to face the challenges in the industry of retail.
Like what happened at El Corte Inglés, there are examples of how important talent management has become in retailjust as we saw with Amazon.
Talent management in retail is a chapter that is very rich in cases of influence and value that is delivered as a brand.
He English court gave a message to his employees over 59 years old, as part of the reorganization strategy with which it has sought to scale in the market.
The decision of the department store chain follows a very clear trend in the market and is to face the challenges that are marked in this segment.
In studies as “2022 Fashion Industry Benchmarking Study” It was noted that the main challenge for the fashion market was the increase in the cost of production, by 39 percent, followed by 12 percent that saw a red flag in the human resources department.
Being an employee at El Corte Inglés
El Corte Inglés has a message for employees of its famous chain of department stores and in it it warns them that they will be able to resign from the age of 59 with an incentive plan.
Said protocol includes, according to estimates that specialized media have reported, up to 500 employees with these characteristics, in order to make a reorganization and that includes the following benefits. On the one hand, it offers them compensation of 33 days per year worked and a premium related to seniority of between five and 20 percent for profiles that have been working for between five and 10 years and for those who have worked for more than 15 years.
“The plan has been designed on two premises: maintenance of employment and special treatment for people with more seniority (over 59 years), most of whom have a long relationship with the company. In this context, the incentivized redundancy plan is framed, to which those people who meet the requirements agreed with the legal representation of the workers may voluntarily adhere, ”the chain explained in a statement.
This measure is an important benchmark of how the retail currently in labor matters, as well as how important it has become for the consumer to understand the labor market, where he retail It has stood out for making massive layoffs, as happened with Amazon.
The famous platform that also announced the disappearance of its stores AmazonGohe made a massive layoff and showed how important the job market is today.
This series of adjustments demonstrates the value of talent in retail and the ability that brands have found in understanding their needs supported by talent.
Having said this, it is prudent to identify activities that help us measure the work of today.
“The world is undergoing a constant transformation. New times bring new challenges
that require companies to take approaches different from those used up to now, tools
different ways to deal with them if they want to remain competitive. He’s always done it that way
It is no longer valid and solutions must be reimagined,” he said. Luis Miguel PenaPartner and CEO europe in LLYC.
With these facts and opinions expressed, it is important to recognize that the challenge today is being able to adapt talent management to the needs of the market.
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