For businesses in the luxury sector, your biggest hurdle is finding the human resource that understands that your clients are not only coming to you for services but also, for the experience and is willing to do the legwork to guarantee that experience. You cannot leave anything to chance, and your employees have to know that clients pay a premium to get the best services.
In Mexico, the luxury industry is booming, and like every other luxury industry elsewhere in the world, the challenge is in finding top and young talent to bring into the business with fresh ideas and zeal to take the company to the next level.
For many luxury brands and businesses, finding young talent in the luxury sector is a challenge but, there are many tips that some of the most prominent players in this industry are using to attract and recruit top young talent that could help the luxury market in Mexico City improve its recruiting and retention rate.
It is more than the base salary
Just as cutthroat as the luxury sector is, so is the market for top talent. Introducing incentives should not stop with clients but with the employees as well. Having policies in place that show the business cares about those who work for it is one of the best ways to attract and retain excellent and young talent.
Even though the salary bracket matters, young talent also cares about other aspects of their lives like pets and, having friendly pet policies and a vibrant workplace layout will help you improve the rate of recruiting young talent.
Capacity building opportunities
Everyone including your luxury business wants to improve themselves. Considering that training in the luxury sector in Mexico might not be thorough enough if you identify good talent, it is possible to have a capacity building program that helps them build on their knowledge and skills. This opportunity can easily tip the tables to your favor allowing you to capture rough-edged diamonds and polish them out after the recruiting process.
Flexible work schedules
In western countries, it has been proven that most established and highly talented millennials would prefer to work for companies that have flexible work schedules and they also tend to be more productive with such an arrangement. This is a concept that is still trying to get to its feet in the luxury market in most countries but, it could help in attracting more top talent even in Mexico.
Most top-ranked employees in the luxury sector are not driven by the need to make money but mainly by their passion for doing what they love. Companies and businesses in the luxury business looking to attract such talent need to invest in infrastructure that allows such talent to soar beyond their horizons if they want to stand a chance at the competitive recruiting for young talent in the luxury sector.
Edouard Thoumyre is a seasoned executive recruiter with over 17 years of experience in executive search, as the Founder and Managing Partner of ACCUR Recruiting Services. Specializing in the Consumer and Luxury Goods industries, he has a proven track record of placing senior level and C-level executives in family, private equity-backed, and Fortune 500 companies in the beauty, wine & spirits, watch & jewelry, home goods, and tobacco industries, among others. Edouard Thoumyre holds a master’s degree in Entrepreneurship from HEC Paris (#1 European Business School, Financial Times rankings) and a master’s degree in industrial engineering from Centrale Lille (a top 10 French engineering school). ACCUR Recruiting Services has been recognized as a Forbes Top 100 executive search firm since 2018.
Edouard Thoumyre and his firm, ACCUR Recruiting Services, have been featured in numerous publications such as WWD, Business Insider, Newsweek, CPG Specialist, Yahoo Finance, Nasdaq.com, Marketplace by NPR, Business of Fashion…