From the course: Supply Chain and Operations Management Tips

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Recruit top talent successfully

Recruit top talent successfully

From the course: Supply Chain and Operations Management Tips

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Recruit top talent successfully

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- Supply chains aren't just about processes and technology, they're also about people. And recruiting the right talent can be one of the toughest challenges a supply chain manger will face. So, I'm going to share some strategies that can help you attract the talent you really need. Let's start by using a total cost approach to think about the investment you're making in the folks you hire. There are five main drivers of cost when it comes to supply chain talent. There's urgency. The more you need an employee, the more you'll end up spending to recruit them. There's the labor market. In order to get people on your team, you need to offer competitive compensation and benefits. There's geography. If the people you need don't live where you need them, then you'll have to pay for travel or relocation. Fourth is competency. If the people you hire don't have all the skills they need for the job, then you'll have to pay to get them trained. And the fifth driver of cost is the opportunity cost…

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