of retail employee turnover is driven by workers looking for better development and advancement opportunities
61% of retailers are adding career-pathing opportunities.
54% of retailers are adding training and employee development programs.
Step 1:
Creating a strong, attractive talent brand:
75% of organizations say a strong employer brand significantly impacts their ability to hire high-prospect workers, and 56% of global HR leaders say it’s their top priority.
Using omnichannel sourcing:
73% of job seekers in the age group 18 to 34 found their last job via social media, with the most popular sites being LinkedIn (23%), Facebook (19%), Google+ (16%), Instagram (16%), Twitter (13%) and other (13%).
Step 2:
74% of companies plan to increase spend on mobile learning in the next 12 to 18 months.
60% of organizations use social collaboration tools to get work done
Step 3:
Nearly 75% of organizations believe talent and people analytics are important, but only 8% consider themselves strong in this area. As a result, 35% are developing analytics dashboards.
HCM in the cloud not only provides greater insight via analytics, it can also save 30% to 60% on IT costs due to great efficiency and agility.
We estimate that online talent platforms can increase our sample retail stores' output by 3%, and reduce talent and HR costs by 5%. Talent platforms have the potential to revolutionize hiring practices, customer service, and back-office efficiency by selecting the right people for the job.
– McKinsey Global Institute, June 2015
Find out how Oracle Human Capital Management (HCM) Cloud can enhance your HR processes, ensuring you win the war for talent:
visit oracle.com/hcm.
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