The COVID-19 pandemic was one of the greatest trend accelerators of our lifetime. For many companies, initiatives or plans that were on the backburner suddenly got accelerated, forcing organizations to think and act differently in order to respond, adapt, and survive. In the next few episodes of Taking Stock, we’ll explore some of the recent consumer products trends that have gained importance as a result of the COVID-19 pandemic.  In this episode, we focus on the importance of investing in your employees.

The Great Resignation. Attrition. Turnover. We continue to see these trends dominate the industry, as people continue to evaluate their own professional careers and seek out organizations that can meet their needs – both now and in the future.  

For companies, this means that investing in your employees and providing them with the skills and resources to develop themselves and others is critical. Finding a sustainable and agile way to do this can ensure the right level of engagement and growth for employees as well as serve as a strong tool for recruiting and retaining talent.   

Employees want to be seen, heard, and valued, and they often seek out ways to not only develop themselves professionally, but ways that they can develop others. Providing them with access to mentors, leadership, or internal programs for growth can enable employees to be the best versions of themselves and equip them with the skills to empower others moving forward.  

When it comes to retaining employees, however, organizations are often hit hardest when their people feel stagnant or that their growth and success isn’t valued. The smartest organizations are the ones that are creating platforms for their employees to learn, grow, and develop so they remain engaged and empowered to achieve more.  

So, how do organizations create a model where they can provide those growth and development opportunities for individuals? Where should they invest time and resources? What are some of the things that companies should be doing now to recruit, retain, and engage employees?  

Investing in Your Employees

In this episode of Taking Stock, I’m joined by colleagues Megan O’Toole and Shatakshi Shekhar as we discuss the importance of investing in your employees and the ways in which organizations can adopt an agile learning mindset that embraces continuous professional development.

You can download and listen to Consumer Products Trends – Investing in Your Employees: Taking Stock with Megan O. and Shatakshi S. here.   

Taking Stock   

In this podcast series, Clarkston Consulting Partner Steve Rosenstock sits down with experts and thought leaders from both within Clarkston and throughout its consumer products, life sciences, and retail client base, covering a range of topics from industry trends and consumer dynamics to organizational governance and business strategy. Steve provides you access to the passions of the guests and allows you to benefit from their stories, knowledge, and deep expertise.