Article contributed by Mike Berman, COO, Day & Nite/All Service
Earlier this year a Fortune survey revealed more than useful statistics, the report offered invaluable insights for businesses (now) struggling to find qualified staff.
Although a healthy 65% of all survey respondents had a favorable view of capitalism, when broken down by segments it becomes rather easy to understand exactly why the employment gap exists and how to distinguish your business to attract talented staff:
- Baby Boomers, ages 57 and up, came in with the most favorable view of capitalism, 73%
- GenX, ages 41-56, surveyed 62% favorability
- Millennials, ages 25-40, registered the lowest favorability of 56%
- GenZ, ages 24 and under, at 57% tracking alongside millennials.
Even a baby boomer like myself with no plans to ever retire from the work I love to do will recognize thriving organizations need to cultivate millennial and GenZ workers to fill their ranks, play significant leading roles contributing to the next generation(s) of successful organizational growth, prosperity and profitability. Although a majority still hold favorable views of traditional capitalism, the numbers make it rather clear the talent pool companies most depend on requires something far more.
Count McKinsey and Company among the many leading authorities finding the indelible link between purpose in life and an accountable purpose-driven company as critical for recruiting and keeping high performing talent. Forbes Councils Member Autumn Strier goes even further, making the strong case that accountable purpose-driven businesses will attract more customers in addition to top-flight employees and that corporate sustainability reporting—once the province of large or publicly traded entities—must be woven deep into the fabric of every organization.
There’s most certainly an abundance of readily available, excellent corporate sustainability reporting material, but the majority is aimed at large organizations with considerable resources, often impractical for foodservice. Recognizing the serious hospitality industry labor shortages, knowing how important becoming an accountable purpose-driven business is to attract and keep top talent while also contributing to society’s greater good, the Day & Nite family of companies didn’t just point out the industry needed a sustainability and food waste summit , in partnership with Total Food Service The Company is producing and hosting the inaugural Hospitality Sustainability and Food Waste Summit on October 12th
G&A Institute’s Chairman and Chief Strategist Hank Boerner will moderate the first of 3 expert panel sessions Localizing Global Sustainability, followed by former GRI Managing Director and current ISOS Group Governance & Accountability expert Eric Israel hosting Making Green Thrive in a New World of Clean with dual highly connected emphasis on environmental and public health matters. Dr Hiren Bhavsar from the esteemed State University of New York-Canton Agribusiness Management program and his panel of subject matter experts will wrap up the 9 AM thru noon (EDT) Summit with a compelling Food Waste Realities and Best Practices discussion. To bring out the industry’s best ideas, to share in the wealth of knowledge and practical solutions, all moderators and panelists look forward to active attendee participation and engagement. No less important, your level of engagement naturally translates to further defining yours as an accountable purpose-driven organization—the exact type a large and growing percentage of the overall workforce is anxious to work for.
The high stakes, highly interconnected nature of these critical topics are so important, this is a no-fee event! To solve so many of everyone’s most pressing problems, register today for the October 12, 2021 inaugural Hospitality Sustainability and Food Waste here: Food Service Sustainability Summit Tickets, Tue, Oct 12, 2021 at 9:00 AM