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Recruiting and Retaining Talent at Le Bon Marche
Le Bon Marche is a company that belongs to LVMH and comprises various businesses including Le Bon Marche department store, Franck etFils and La Grande Epicerie. Le Bon Marche is a luxury department store that is situated in Paris, France. Given the success of its operations, the company is currently regarded as the ultimate Parisian department store and only store in the Left Bank in Paris. The success of this firm throughout its operations can be attributed to its focus on recruiting and retaining highly qualified talent in its workforce. The firm has a workforce of 800 employees with a Human Resource department made of 10 people including the departmental director, the Head of Training, Head of Internal Communication, and human resource staff. Despite forcing on recruiting and retaining talent in its workforce, Le Bon Marche can ameliorate its recruitment and retention of employees.
Analysis of Hiring and Retention of Employees at Le Bon Marche
An understanding of the hiring and retention of employees at Le Bon Marche involved conducting an interview on Anne Catherine Grimal, the firm's Head of Communication and a member of the executive committee. In addition to being in charge of the delicateness sector of the mall, Grimal is also involved in many projects and different fields of the company such as fashion, food, lifestyle, and furniture (personal communication, 2014).
The hiring or recruitment process in the company begins with an application process that comprises various steps. The application process is carried out both internally and externally with the external one involving advertising the vacancies on LVMH website as well as advertisements in specialized Magazine. The internal process involves the HR department notifying superiors regarding internal opportunities before applications are allowed upon acceptance of the mobility status. Le Bon Marche also uses head-hunters when recruiting for vacancies in senior positions. The second element of the hiring process is...
In this case, the head of every department analyzes human resource needs every year based on development goals and the budget established by the management. Third, the company utilizes a comprehensive criterion in making the final decision regarding the candidate to be employed. The candidate must possess a combination of competence, knowledge, personality, and experience in order to be considered for the job. After a candidate has been hired, he/she undergoes a 3-month probation period i.e. For an external candidate whereas an internal candidate does not undergo any probation. This is followed by an orientation and integration program for employees in the company.
The retaining strategy involves motivating and rewarding employees for their contributions to the company in terms of helping the firm to achieve its business objectives. This process also entails conducting an internal evaluation through a 360-degree framework that promotes open communication with employees as well as providing career development opportunities. In case of mergers or downsizing, the firm's human resource department works in collaboration with respective managers to notify all employees about the upcoming structure, its needs, and the next courses of action. This collaboration is geared towards ensuring the company retains as many employees as possible during any merger and acquisition.
Improving Le Bon Marche's Recruitment and Retention Strategy
The current recruitment and retention strategy at Le Bon Marche has enabled the company to achieve tremendous success in its operations through ensuring hiring and retaining talent or highly-qualified employees. While the firm's Head of Communication believes that the current strategy is adequate for the size and business of the Group, Le Bon Marche can improve its hiring and retaining process to achieve optimal results and success.
Generally, creating an organizational culture that enables an organization to attract, recruit, engage, and retain the…
References:
Crisp, D. & Reid, J. 2007, 'The Talent Challenge: Creating a Culture to Recruit, Engage, and Retain the Best', Ivey Business Journal, <http://iveybusinessjournal.com/topics/the-organization/the-talent-challenge-creating-a-culture-to-recruit-engage-and-retain-the-best#.VGdiXcnlbLt>
ICIMS Hire Expectations Institute n.d., 3 Key Essentials for Engaging and Retaining Top Talent,
ICIMS Hire Expectations Institute, viewed 15 November 2014, <http://www.icims.com/resources/whitepaper/3-key-essentials-for-engaging-and-retaining-top-talent>
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