Strategic Imperatives: Attracting and Retaining Talent in Supply Chain Management Amidst Global Complexity in 2024

In 2024, attracting and retaining talent in supply chain management is a strategic priority for companies navigating increasingly complex global networks. A survey of young professionals under 30 highlights the allure of benefits, rewards, and the tangible impact of supply chain roles. However, the challenge lies not only in recruitment but also in reducing turnover amidst fierce competition for skilled candidates.
 

Key strategies include forging partnerships with technical institutions to cultivate a diverse talent pipeline. Companies like Penske and Macy’s are pioneering programs that offer educational support and career pathways, reflecting a shift towards skills-based hiring over traditional educational requirements.
 

Moreover, communicating Environmental, Social, and Governance (ESG) values is crucial, particularly for Gen Z professionals who prioritize corporate responsibility. Organizations emphasizing sustainability initiatives attract talent looking to make a meaningful impact.
 

Compensation remains pivotal, alongside opportunities for career development and flexibility in work arrangements. Companies are enhancing pay transparency and expanding benefits to retain top performers. Equally important is nurturing talent through mentorship and diverse job experiences, ensuring continuous growth and engagement.
 

Looking ahead, as supply chains evolve with technological advancements and sustainability imperatives, proactive investment in employee development will differentiate forward-thinking organizations. By prioritizing talent acquisition and retention strategies aligned with evolving industry demands, companies can secure their competitive edge in the dynamic supply chain landscape of tomorrow.
 

Source: https://www.sdcexec.com/professional-development/retention/article/22912830/korn-ferry-how-supply-chain-leaders-are-attracting-and-retaining-talent-in-2024