Fashion Companies Need To Rethink HR
Sarah Willersdorf (StyleSage advisor and BCG Managing Director) shares her insights on the strategic importance of recruitment in the fashion industry.
" Fashion’s “race for talent” continues. In an industry where success depends on a company’s creative output and design talent, personnel are powerful advantage. And yet, Human Resources — the department responsible for recruiting, developing and retaining that talent — is not enough of a priority within a fashion business.
Meanwhile, in a 2014 report by The Boston Consulting Group (BCG) and The Business of Fashion on fashion and luxury brands’ race for talent, the talent gap was identified as the greatest challenge these businesses would face over the next decade.
“Traditionally, a number of fashion companies have not given as much thought to succession planning and training as some other companies,” says Sarah Willersdorf, a partner and managing director and topic lead for luxury, fashion and beauty at BCG. (who is also one of StyleSage's advisor)
Effective talent management and leadership development, which are crucial to improving employee engagement and output, are both functions of HR that many fashion businesses can improve upon.."
Read the full article at Business of Fashion.
Image Credit: Vulcan Post