Interesting piece in the Wall Street Journal about how hiring alliances created by various companies - those that would hurt hard by the pandemic and those that found themselves desperately needing people to meet increased demand - have borne fruit.
"The partnerships have matched many tens of thousands of workers with open jobs, according to several companies involved in them," the Journal writes. "And labor specialists say they could be a model for future hiring alliances among employers."
Among the examples cited in the story:
"Albertsons says it has recruited at least 1,400 staffers from 23 corporate partners, including Hilton, MGM Resorts International, Regal Cinemas and Inspire Brands Inc., whose portfolio includes the Arby’s, Buffalo Wild Wings and Jimmy John’s restaurant chains."
"Amazon.com Inc. estimates it selected tens of thousands of workers from 21 U.S. corporate partners such as Uber Technologies Inc., Lyft Inc. and United Airlines Holdings Inc. as it went on a hiring spree last year, placing more than 400,000 people in permanent U.S. jobs to handle soaring demand for at-home shopping."
"CVS Health Corp. formed hiring partnerships with 64 U.S. employers—including Hilton Worldwide Holdings Inc. and Gap Inc.—as it raced to fill open positions in its stores, warehouses and call centers amid a coronavirus-fueled surge in its business last year. The pharmacy and insurance giant created dedicated hiring websites for its partners’ displaced workers and streamlined the selection process for some jobs. Of the more than 100,000 people whom CVS recruited from March to December last year, about 3,700 came from the new partnerships, according to a spokeswoman."
- KC's View:
It will be interesting to see if these alliances are sustainable as we move to a post-pandemic economy. After all, businesses always have ebbs and flows, and there may be ways that they can continue to help each other in a way that ultimately is good for both customers and employees.