Duration: Approximately 45 minutes
The challenges for hiring and retaining long-term talent in the hospitality and retail sectors are becoming uniquely demanding. With wage norms affected by inflation, the competition for talent and a new generation of employees to grapple with – how can your business stay ahead of the curve?
Webinar timing:
0.00 - 6.33: Welcome and Intros
Alexa Grellet sets the webinar agenda and hands over to Victoria, Neil and David for introductions.
06.34 - 21.55 Pay and Benefits
The panelists discuss the latest living wage announcement and what effect this will have on HR and Reward teams for Retail and Hospitality. They discuss where the money will come from to increase 50-70% of operational staff workers salary by 10% and how employer branding will become even more important than ever.
21.56 - 36.00 Employer Brand and and the New Generation
The discussion moved on to engagement strategies for a new generation of employees. It is noted that in 2 years time, 70% of employees will be Millennials or Gen Z. The new generation have changing priorities in what they look for in a role as well as ways of communicating and so it's important for employers to adapt.
36.01 - 47.38 Pay Transparency
The panelist explore what the EU pay transparency regulation will mean for the UK and why all retail and hospitality businesses should be striving to release their salary bands externally. They discuss the reservations of companies to do this and the risk of not doing it - including not attracting the right talent, gender and ethnicity pay gaps and increased time to hire.
47.39 - 56.40 QA
The panelists respond to audience questions and give closing remarks.