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Car Dealership Guy Podcast
#115 The biggest trends in dealership hiring, Demystifying pay plans, Rise of the $1M manager, Hottest automotive roles | Steve Adragna, Partner, CDG Recruiting
Sep 3, 2024
Steve Adragna, a partner at CDG Recruiting, dives into the current trends reshaping dealership hiring. He discusses the challenges dealerships face, the rising demand for specialized roles, and the shortage of technicians. Adragna emphasizes the evolving pay structures and the increasing prominence of the $1M manager role. His insights reveal the necessity for swift hiring processes and the transformation of dealership recruitment strategies to adapt to new digital demands.
45:49
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Quick takeaways
- Shifts in compensation trends in the automotive industry are driven by geography, impacting hiring strategies for dealerships significantly.
- The introduction of CDG Recruiting offers a personalized approach to recruitment, enhancing the efficiency of matching talent with dealership needs.
Deep dives
Shifting Trends in Automotive Compensation
The automotive industry is experiencing shifting compensation trends that are significantly influenced by geographical factors. While markets like Chicago, California, Florida, and Texas are trendsetters for compensation, smaller dealer groups often lag behind because they lack expert guidance on competitive pay rates. This discrepancy can lead to situations where businesses overestimate their compensation offerings, such as claiming they can pay up to $500,000 for a role, while realistically needing to adjust their expectations based on market trends. The challenge lies in aligning pay structures with candidate expectations and understanding the dynamic nature of compensation across different regions.
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