Management Rejuvenates in Retail

Regarding the dynamics of the retail industry over the last five years, we see a rejuvenation on the management floor. Companies started to give bigger opportunities to new talents. Especially in global brands, young profiles from entrance to directory levels draw sector’s attention. It is very important for the company to have a systematic HR policy and to invest in young starting from the day they are hired. With an organic growth, companies can create their own C level managers at a very young age. Recruitment and consulting firms can help raise awareness for companies in raising managers through internal promotion, as well as the external transfers.

According to the growth strategies of the companies, the tendency to rejuvenate at the management level is changing. Firms competing in a fast-paced era, give young talents the chance to manage before the age of 40. The firms think beyond age and hierarchy in filling executive positions that lead the way in business world.

Investments in HR, which have started to find their place in the Turkish business world, have not been realized without necessity. Companies need to realize that the investment in the HR field is an investment that will affect the employee and therefore the firm and its growth targets. In the retail sector, long shifts in HR policies, worker-to-employee distance, poorly defined bonus targets, and similar problems indicate that awareness needs to develop further.

In young talents, managers who are always open to changes and innovations with the ability to adapt quickly to changing market and market dynamics and capable of rapid action, have a high communication power, multiply as industry-sought professionals. The key to the rise in the sector lies in making the right business changes at the right time. It is possible to accomplish great by taking risks as long as you mind the timing. In addition, it is very important to think about your next position and take a step when evaluating opportunities. The correct step can either lead you to success or otherwise. 

The five basic features that will make you a distinctive manager in the retail industry:

·         Have a wide network

·         Ability to create a successful team

·         Being a good listener with a high EQ

·         Keeping up with the sector dynamics

·         Ability to make bold decisions without losing time. 

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Article written by Hakan Cönbez, Associate Partner, Page Executive

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