The tech industry has already laid off more people in the first few months of 2023 (170,000) than in all of 2022 and given the Fed’s steadfast commitment to inducing a recession in the US, it seems likely there will plenty more. To supply chain executives looking to upskill for a digital future, this is a golden opportunity, but it may be less about bringing in a bunch of new people than strategically landing a few key hires and building a learning organization around them.
Tech Industry Shakeout Doesn’t Equal a Flood of Software Engineers
One big watch out for anyone trying to scoop up a bunch of digital talent is that many of those layoffs were in sales (20% of all jobs cut), finance, or human resources (50% in some recruiting departments). Also, of those with tech skills who did lose their jobs, many were under-performers kept on because closely watched big names like Amazon
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Employer beware…you’re not just rounding up low hanging fruit here. To attract and make the most of the handful available you’ll need to spark a talent transformation. Two tactics could help:
- Create job descriptions that embed selected tech skills into specific supply chain roles
- Design high-leverage work teams and training programs to maximize organizational learning.
Write Better Job Descriptions
At Zero100 we analyzed 485,000 job posts across 100 big consumer brands to understand how technology skills are reflected in job descriptions. It turns out that most under-index on critical emerging technology skills as integral to supply chain roles.
For a few that do this well like Walgreens
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Most still fail this step by hiring tech specialties as add-ons, rather than systemic thinking techniques baked into functional roles. Getting this right not only surfaces your job listing to applicants who already have the skills you seek, but also to those who are keen and willing to develop as they learn within your team. Perhaps most important, this also forces hiring managers to understand exactly why they need a specific tech skill in their group and how it will change things.
The practice goes back 15 years to job descriptions posted on Apple’s
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High Leverage Work Teams Can Amplify Skill Transfer
The tech talent diaspora may only bag a few additions to the typical supply chain organization, but if these are leveraged with team structures meant to teach others, it can multiply the impact. One retailer, for example built a team in its logistics group around a single data science PhD, with an experienced tech program manager coordinating the work. Several operations leaders filled out this team in concentric circles with serious technology at the core, and outer layers of increasingly business specific knowledge driving use cases. This kind of high leverage work team (think centers-of-excellence) helps tech knowledge permeate the business, while business thinking focuses the tech. Both get better faster.
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Tech talent has been cocooned for too long. Maybe it’s time to persuade a few to start applying these skills to supply chain.
Source: https://www.forbes.com/sites/kevinomarah/2023/04/20/are-tech-layoffs-a-chance-to-upskill-your-supply-chain-team/