WINTER 2021
Distributor's Link Magazine Fall 2020 / Vol 44 No 1 Distributor's Link Magazine Fall 2020 / Vol 44 No 1
142 THE DISTRIBUTOR’S LINK NELSON VALDERRAMA RETAINING TOP TALENT IN THE ERA OF COVID-19 from page 56 Let’s look back at our football analogy. A world class quarterback can’t win you games if he has no one to throw to, but real football fans know that more often than not, the next most important player on the team is not actually the star receiver it’s the relatively unnoticed left tackle, who protects the quarterback from things he can’t see which could injure him. Many distributors are looking for those great outside sales reps that bring in tons of new business, or key inside sales reps that keep customers happy. But when was the last time that the executive team of your organization spent the time to look at all the positions and find that “left tackle” that can help lift all the other stars on your team? Retaining And Developing In-House Talent During some of the Zoom meetings organized by Cris A. Young at Fastener Desk and the panel discussion during the Pac-West, SEFA, SFA virtual conference in October 2020, I heard from many attendees that they were struggling to find talent across their business needs, from the warehouse to sales personnel. My advice to them? First make sure you retain, develop and nurture your best talent. But Why? The truth is that 50% of the fastener distributors in the US have less than 50 employees, which means that the loss of key employees can have a particularly damaging impact on them. In reality, these departing workers are actually more likely to be the ones possessing a particular skill or knowledge set that the company needs, and the company’s culture suffers a more serious blow when an essential person leaves. In the distribution industry, there is simply a smaller internal pool of workers to cover the lost employee’s work and provide a replacement and the organization may have fewer resources available to cover replacement costs. The old adage is true: employees join companies but they leave managers. A Gallup poll of more 1 million employed U.S. workers concluded that the No. 1 reason people quit their jobs is a bad boss or immediate supervisor. 75% of workers who voluntarily left their jobs did so because of their bosses and not the position itself. In spite of how good a job may be, people will quit if the reporting relationship is not healthy. “People leave managers not companies...in the end, turnover is mostly a manager issue.” What your company is doing to develop/retain your quarterback, running backs or wide receivers is critical — but so is how you’re approaching keeping the best guys in your warehouse, operations or supply chain. Attracting Top Caliber Talent Ok so we’ve talked a lot about the “what” when it comes to bringing in and retaining great talent but I’m sure you’re asking “how” we do it. Let’s take a look at a few strategies: ¤ Show Who You Are - Attracting talent is like selling to any of your customers; you have to be clear about your employer brand by articulating the identity of the organization in a way that feels unique and authentic - it becomes a filtering mechanism in and of itself. You’ll attract people with a similar set or complimentary values that are aligned with the organization. For example, if your job posting is perceived as “plain vanilla’ that describes a bunch of responsibilities with few hints about why you are special and offering the same thing everyone offers, you’re going to attract employees that are happy to get a passing grade and scared to stand out from the baseline middle. If your brand booms with pride and confidence and your prospects can truly believe in your commitment, you’ll attract passionate and driven individuals. You not only need to say it but also display it on your company website, LinkedIn profile, your offices, etc. If you said you have a “dynamic, diverse, fastpaced environment” but your website is a digital brochure stuck in the 90’s or you don’t have a female in any management positions or the leader in sales only has 30 connections on LinkedIn...the candidate might think your definition of “dynamic, diverse fast-paced environment” is different from theirs. ¤ Be Clear on Your Core Values - When your distribution company has a clear, defined set of values and is open and honest about them at every stage of the interview process, both candidates and hiring managers will have a feel for whether or not they’ll be a match before actually working together and feel confident in the talent’s likelihood to succeed in your environment. CONTINUED ON PAGE 143
THE DISTRIBUTOR’S LINK 143 NELSON VALDERRAMA RETAINING TOP TALENT IN THE ERA OF COVID-19 from page 142 I do believe that culture “eats” strategy for breakfast. The core values of your company are going through an acid test right now. If those values are really in the hearts and minds of every employee, it will play through with your customers and your partners. For example, one of the customers we have at Intuilize since our relationship started we’ve both had supreme confidence that when the other says “We will do whatever it takes,” we mean it. We get stuff done, no excuses. In turn, our dealings throughout the COVID era have remained incredibly smooth. Like me and my client, the culture and people behind the purchase matter now more than ever. If yours is strong, fight to keep it that way. If it is faltering, take the time to reinforce your values with your team or work to identify the areas where people are feeling isolated, confused, unmotivated, and build a stronger unified culture around correcting them. Better People. Better Business Decisions. Better Outcomes We all know by now that the COVID era is presenting challenges unlike anything we have ever seen before. And the truth we all have come to realize (over and over again) is that there is not and will not be a simple solution to keeping your business profitable or even driving growth. But starting with your people is a strategy that has been proven time and time again. At Intuilize, we help businesses make the most of their business operations by putting their data to work, and that’s sort of what we need to be doing with our people. Take a hard look at the real value each person brings to the table, the real risk it poses to lose a superstar or a “glue” employee, and the real long-term value a great new hire can win you. Good people are a good bet, and good data can help make sure we spot exactly who they are! NELSON VALDERRAMA
- Page 96: 94 THE DISTRIBUTOR’S LINK BTM Man
- Page 100: 98 THE DISTRIBUTOR’S LINK ROB LaP
- Page 103 and 104: THE DISTRIBUTOR’S LINK 101 GLOBAL
- Page 106: 104 THE DISTRIBUTOR’S LINK BRUNO
- Page 109 and 110: THE DISTRIBUTOR’S LINK 107 METROP
- Page 111 and 112: THE DISTRIBUTOR’S LINK 109 Shear-
- Page 113 and 114: THE DISTRIBUTOR’S LINK 111
- Page 115: THE DISTRIBUTOR’S LINK 113 LARRY
- Page 119 and 120: THE DISTRIBUTOR’S LINK 117 ABABA
- Page 122 and 123: 120 THE DISTRIBUTOR’S LINK SPIROL
- Page 124: Parker Fasteners Young Fastener Pro
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- Page 129 and 130: THE DISTRIBUTOR’S LINK 127 SPIROL
- Page 131 and 132: THE DISTRIBUTOR’S LINK 129 All-Pr
- Page 133: SOUTHWESTERN FASTENER ASSOCIATION T
- Page 137 and 138: fastenerlinks BRINGING YOU THE FAST
- Page 139 and 140: fastenerlinks BRINGING YOU THE FAST
- Page 142 and 143: 140 THE DISTRIBUTOR’S LINK JIM TR
- Page 146: 144 THE DISTRIBUTOR’S LINK VALLEY
- Page 149 and 150: THE DISTRIBUTOR’S LINK 147 MOTOR
- Page 152: 150 THE DISTRIBUTOR’S LINK ROMAN
- Page 155 and 156: THE DISTRIBUTOR’S LINK 153 FASTEN
- Page 157 and 158: THE DISTRIBUTOR’S LINK 155 MID-WE
- Page 159 and 160: THE DISTRIBUTOR’S LINK 157
- Page 161 and 162: THE DISTRIBUTOR’S LINK 159 LAUREN
- Page 164 and 165: 162 THE DISTRIBUTOR’S LINK BRUNO
- Page 166 and 167: 164 THE DISTRIBUTOR’S LINK EUROLI
- Page 168 and 169: 166 THE DISTRIBUTOR’S LINK SPIROL
- Page 170: 168 THE DISTRIBUTOR’S LINK JOE DY
- Page 173 and 174: THE DISTRIBUTOR’S LINK 171 ROBERT
- Page 176 and 177: 174 THE DISTRIBUTOR’S LINK SPIROL
- Page 178 and 179: 176 THE DISTRIBUTOR’S LINK ALL-PR
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- Page 182: Midwest Fastener Association Holida
- Page 185 and 186: advertisers index E E-Z LOK 39 Thre
142<br />
THE DISTRIBUTOR’S LINK<br />
NELSON VALDERRAMA RETAINING TOP TALENT IN THE ERA OF COVID-19 from page 56<br />
Let’s look back at our football analogy. A world<br />
class quarterback can’t win you games if he has no one<br />
to throw to, but real football fans know that more often<br />
than not, the next most important player on the team is<br />
not actually the star receiver it’s the relatively unnoticed<br />
left tackle, who protects the quarterback from things he<br />
can’t see which could injure him.<br />
Many distributors are looking for those great<br />
outside sales reps that bring in tons of new business,<br />
or key inside sales reps that keep customers happy. But<br />
when was the last time that the executive team of your<br />
organization spent the time to look at all the positions<br />
and find that “left tackle” that can help lift all the other<br />
stars on your team?<br />
Retaining And Developing In-House Talent<br />
During some of the Zoom meetings organized by<br />
Cris A. Young at Fastener Desk and the panel discussion<br />
during the Pac-West, SEFA, SFA virtual conference in<br />
October 2020, I heard from many attendees that they<br />
were struggling to find talent across their business<br />
needs, from the warehouse to sales personnel.<br />
My advice to them? First make sure you retain,<br />
develop and nurture your best talent.<br />
But Why? The truth is that 50% of the fastener<br />
distributors in the US have less than 50 employees,<br />
which means that the loss of key employees can have a<br />
particularly damaging impact on them. In reality, these<br />
departing workers are actually more likely to be the ones<br />
possessing a particular skill or knowledge set that the<br />
company needs, and the company’s culture suffers a<br />
more serious blow when an essential person leaves.<br />
In the distribution industry, there is simply a smaller<br />
internal pool of workers to cover the lost employee’s<br />
work and provide a replacement and the organization<br />
may have fewer resources available to cover replacement<br />
costs. The old adage is true: employees join companies<br />
but they leave managers.<br />
A Gallup poll of more 1 million employed U.S.<br />
workers concluded that the No. 1 reason people quit<br />
their jobs is a bad boss or immediate supervisor. 75%<br />
of workers who voluntarily left their jobs did so because<br />
of their bosses and not the position itself. In spite of<br />
how good a job may be, people will quit if the reporting<br />
relationship is not healthy.<br />
“People leave managers not companies...in the<br />
end, turnover is mostly a manager issue.”<br />
What your company is doing to develop/retain your<br />
quarterback, running backs or wide receivers is critical<br />
— but so is how you’re approaching keeping the best<br />
guys in your warehouse, operations or supply chain.<br />
Attracting Top Caliber Talent<br />
Ok so we’ve talked a lot about the “what” when it<br />
comes to bringing in and retaining great talent but I’m<br />
sure you’re asking “how” we do it. Let’s take a look at<br />
a few strategies:<br />
¤ Show Who You Are - Attracting talent is like<br />
selling to any of your customers; you have to be clear<br />
about your employer brand by articulating the identity of<br />
the organization in a way that feels unique and authentic<br />
- it becomes a filtering mechanism in and of itself. You’ll<br />
attract people with a similar set or complimentary values<br />
that are aligned with the organization.<br />
For example, if your job posting is perceived as<br />
“plain vanilla’ that describes a bunch of responsibilities<br />
with few hints about why you are special and offering<br />
the same thing everyone offers, you’re going to attract<br />
employees that are happy to get a passing grade<br />
and scared to stand out from the baseline middle. If<br />
your brand booms with pride and confidence and your<br />
prospects can truly believe in your commitment, you’ll<br />
attract passionate and driven individuals.<br />
You not only need to say it but also display it on<br />
your company website, LinkedIn profile, your offices,<br />
etc. If you said you have a “dynamic, diverse, fastpaced<br />
environment” but your website is a digital<br />
brochure stuck in the 90’s or you don’t have a female<br />
in any management positions or the leader in sales only<br />
has 30 connections on LinkedIn...the candidate might<br />
think your definition of “dynamic, diverse fast-paced<br />
environment” is different from theirs.<br />
¤ Be Clear on Your Core Values - When your<br />
distribution company has a clear, defined set of values<br />
and is open and honest about them at every stage<br />
of the interview process, both candidates and hiring<br />
managers will have a feel for whether or not they’ll<br />
be a match before actually working together and feel<br />
confident in the talent’s likelihood to succeed in your<br />
environment.<br />
CONTINUED ON PAGE 143