Most Recent Articles In Memo PadMost Recent Articles In Memo Pad
LUXURY’S GLASS CEILING: Imran Amed has taken a spyglass to the h.r. offices of the world’s large and small luxury companies and discovered an overall corporate culture that’s struggling to keep up with the times. “The Talent Agenda: A State-of-the-Industry Report on People and HR Management” will be released today, and is published by Luxury Society, the Paris-based social network site for industry professionals, of which Amed is a co-founder. The findings are based on feedback from top managers including Chantal Gaemperle, group executive vice president of human resources and synergies at LVMH Moët Hennessy Louis Vuitton; Karen Lombardo, evp of global human resources at Gucci Group, and Thomas Lindemann, group human resources director at Richemont, and is free to Luxury Society members. The site has 12,000 members in 150 countries. Amed polled the members from May through the beginning of July and said he got “about 600 responses” within the first few hours.
He said among the most interesting findings was luxury’s failure to work the Web when it comes to recruitment. About 60 percent of respondents said they turn to social media sites when seeking a new job, yet most luxury companies don’t advertise jobs on their sites or use social media to find candidates.
The report also says luxury companies are “struggling to find the digital talent they need, and are missing opportunities to nurture digital expertise across the organization.”
Another revelation is that while women make up a healthy percentage of the luxury workforce, they are underrepresented at high levels of leadership. According to the report, Gucci Group, Richemont, L’Oréal and LVMH all have a workforce comprised of more than 55 percent women. However, the percentage of women in board seats ranges from 7 to 29 percent.
“We are still facing the same historic issues as other major corporations,” said Gaemperle of LVMH. “Statistics show that the glass ceiling still exists.”
— Samantha Conti