Chipotle Mexican Grill Inc. plans to hire 4,000 employees in a single day next month, seeking to counter a tightening market for restaurant labor by dangling the possibility that high-performing recruits could someday earn six-figure salaries and stock in the burrito chain. The planned Sept. 9 hiring binge—which would expand Chipotle’s 59,000-member workforce by nearly 7%—is one of the starkest examples yet of restaurant chains stepping up recruitment efforts as the industry struggles to attract and retain employees, according to the Wall Street Journal. “The economy has been thawing, more restaurants are opening, and there are fewer job applicants than there were several years ago,” said Monty Moran, co-chief executive of Chipotle.
Other competitors in the fast food industry are also stepping up to the plate. Wendy’s, McDonald’s and Cheesecake Factory have all increased wages, while Starbucks is offering tuition reimbursement and financial aid to employees who enroll in an online bachelor’s degree program, the Journal said. Starbucks also offers a 401(k) to all employees. McDonald’s said it would help pay for employees to earn their high school equivalency degree and take college classes.
Regarding the war on talent, “If it was ever gone, it’s back,” Susan Marks, CEO of Cielo, a global talent management and acquisition provider based in Milwaukee told Chief Executive last year. “Companies are starting to find that they’ve really got to work harder than they’ve ever had to in this area. Yes, there are horrible pockets where the economy still isn’t doing well. But the unemployment rate for people with college degrees is only about 3%.”
In a recent KPMG global survey of human resources professionals, most respondents say that addressing skills shortages is a higher priority now than two years ago – and will become critical in the next two years. Skill shortages appear likely to increase as globalization and competitive pressures take hold across sectors and industries and improving economic conditions spur employees to seek new jobs.
Survey respondents say the top three strategic approaches to addressing talent skills and shortages are as follows: 1. Enlist and empower management in talent management – don’t just leave it to HR 2. Focus on developing clear career paths 3. Take a holistic approach to talent management across the entire employee population
Read more:
The War for Great Talent Rages On Despite Slight Employment Gains
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
