Current job openings are nearly double the amount of unemployed people, according to a recent report from the U.S. Bureau of Labor Statistics. With numbers like that, there’s no doubt that being an employer of choice is critical for all supply chain organizations. The job market is ripe with options for people to find something better, giving workers at all levels an enormous amount of choice. Of course, employee turnover costs companies in time, dollars and tacit knowledge — so holding onto their most valuable resource is paramount.
Lack of career growth was one of the top reasons people quit their jobs last year. Plus, the majority of surveyed workers reported that their new jobs have better pay, advancement potential and work-life balance than their previous roles.
Still, many businesses are prioritizing employees and demonstrating how to engage and retain their people. LinkedIn’s Top Companies 2022, which was released last week, ranks organizations based on LinkedIn data across seven pillars:
1. Ability to advance tracks employee promotions and when people leave the company.
2. Skills growth is assessed using standardized LinkedIn skills.
3. Stability evaluates attrition plus the percentage of employees who stay at the business for at least three years.
4. External opportunity looks at recruiter outreach to employees through LinkedIn, suggesting that workers from that organization are in high demand.
5. Affinity measures connection volume on LinkedIn among employees.
6. Gender diversity rates gender parity within the company and its subsidiaries.
7. Educational background considers the variety of educational attainment among employees.
The list summarizes each company’s headcount, locations, most common job titles and functions, notable skills, and any other key information a job seeker wants to know. For example, the description for top-ranked Amazon notes the company’s efforts to raise base salaries and invest in employee education.
ASCM is proud to see so many of our corporate members among the top 50. In addition, many of these organizations or their employees have been recipients of ASCM Awards of Excellence (click the links to read their inspiring stories):
- Dell Technologies
- General Motors
- Johnson & Johnson
- Lockheed Martin
- Northrop Grumman
- Raytheon Technologies
Deliver real opportunities
A Gallup study reveals that nearly 90% of millennials say learning and development in the workplace is important; plus, these respondents would be convinced not to leave their current position if the employer offered these kinds of educational opportunities. In addition, about 60% say professional development potential is an extremely important factor when deciding whether to apply for a new position.
In short, employees need to know their employers care about their futures. Fair and equal pay, supportive managers, and attractive benefits are important pieces of the puzzle. But continuing education is a key differentiator. Furthermore, at a time when so many employers are struggling to find talent, it’s necessary for operational excellence.
ASCM has your supply chain organization covered. Our corporate membership program offers three tiers of packages that are focused on employee engagement and development, as well as enterprise transformation. Benefits for all tiers include access to workshops and discounts on select training and certificate programs. The higher tiers include discounts on group training courses, based on our world-renowned supply chain certifications.