The BFS Buzz VOL. 1 | A New Era at BFS| January 8th, 2024
Addressing the industry’s “People Challenge”
The BFS Buzz Vol 3 | Feb. 4th, 2024
Sponsored by: Mystudio
Many hours of our week are spent in one-on-one meetings with studio owners and operators so we can keep our fingers on the pulse of what’s happening in the industry.
These conversations continue to revolve around the issues of employment acquisition and employee management, or what we’re calling the industry’s “People Challenge.”
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75% of the studio owners we surveyed last year listed hiring as one of their top 3 challenges, while 45% said they specifically struggled with hiring the “right” people.
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Unemployment remains low and job openings continue to outnumber job seekers.
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The smaller, younger, and less experienced labor market has a different set of needs and desires, most of which cannot be solved with money alone.
In the BFS State of the Industry, we provided a few creative solutions for these challenges including prioritizing employee value proposition with unique training and development opportunities and leaning on the AI features of your existing fitness software to increase productivity without increasing expenses (more on this from our Corporate Member, MyStudio, and from BFS Sprint leader, cyber expert and studio owner Elaina Mayer below).
We invite you to review the BFS State of the Industry report below and browse the upcoming courses in The BFS Institute to identify training and development opportunities for you and your team.
