Mike Hockett chats with Packer Fastener Co-Founder and CEO Terry Albrecht about how the distributor's culture and youth-driven energy have worked wonders for talent recruitment and retention.
Latest In Millennials
Distributors need a solid recruitment plan for this competitive space with a low unemployment rate.
Companies must embrace change management if they want to stay competitive and viable.
Understand how your customers plan to shop and buy in the future.
Using more experienced employees' career paths will serve as a visual model to new workers.
While many distribution owners and managers are making their companies more “user-friendly” with better web tools, they aren’t investing at the same pace in the most critical part of their future – their employees. Here are four tips for talent development that will differentiate your company and strengthen its position against the threats that keep emerging daily.
This article includes:
- Talking with employees about retirement plans
- Building "expert systems"
- Rethinking your talent acquisition strategy
- employee management
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- Millennials in Distribution: ‘No Magic’ in US LUMBER’s Strategy
- Endgame Strategy: A Must for Distributors
- Grainger’s Pricing Initiative, pt 2: The Quest for Optimization
This article examines the strategic decision by Atlanta, GA-based U.S. LUMBER to focus recruiting and development efforts on the millennial generation after the Great Recession.
This article includes:
- Bringing the past to the present
- Doing more ≠ promotion
- U.S. LUMBER’s Core Values and Purpose
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- Millennials in Distribution: Culture Trumps Everything
- Endgame Strategy: A Must for Distributors
- Commentary: Best Practices for Recruiting Millennials
As millennials compose more and more of the workforce, here are 10 tips for how distributors can better integrate the next generation into their companies, based on MDMs reporting over the last few years.
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Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:
- Millennials in Distribution: Culture Trumps Everything
- Endgame Strategy: A Must for Distributors
- Commentary: Best Practices for Recruiting Millennials
Being intentional about culture can help with recruiting and retaining millennials, who today compose nearly half the company. This article examines the decision by Durham, NC-based ACR Supply, where nearly half the company is comprised of millennials, 20 years ago to focus on culture and how it evolved into a place where the next generation wanted to work.
This article includes:
- Building culture in leadership’s image
- Seeking ‘hungry, humble, smart’ employees
- Making your workplace millennial-friendly
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Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:
- Distribution M&A Playbook, pt. 3: Integration Best Practices
- Grainger’s Pricing Initiative, pt 2: The Quest for Optimization
- Commentary: Harvey’s Stark Reminder on Disaster Planning
