Neiman Marcus Group (NMG) is an American luxury retailer dedicated to driving competitive advantage through fostering a culture of belonging. The group has touched upon all crucial points to create and nurture a place where employees, customers, partners, and associates feel they belong. These are some of the many ways the Neiman Marcus Group embraces and shows that they care about diversity, inclusion, environmental sustainability, and well-being.
Remote Workplace Flexibility
Neiman Marcus Group ensures employee well-being by helping them sustain work-life balance. NMG understands that workforce today is more demanding from their employers, especially when it comes to assisting them in attaining a work-life balance.
Gen-Z and Millennials would instead work for flexible, transparent employers who care about their well-being rather than those who only focus on monetary benefits. Hence, this luxury retailer has taken the best initiatives to draw talent and make them the preferred employer.
NMG initiated workplace flexibility before the pandemic, which they believe has directly impacted their high employee retention rate. Since the global pandemic, their staff retention rate has increased by five percent. Moreover, the company has created collaborative hubs and workspaces countrywide with modern technology features for maximum flexibility for all its associates-remote and in-person.
Commitment To ESG
The Neiman Marcus Group’s way of fostering the culture of belonging is to forge people-driven partnerships. The company holds itself accountable for its employees.
Hence, to ensure employees work responsibly and are aligned with the values of NMG, it introduced the ESG (Environmental Social Governance) strategy in 2021. The mission of this strategy is to teach a culture of belonging by encouraging all employees to conform to environmentally friendly practices much needed to revolutionize luxury impact.
The ESG is the company’s cornerstone for transformation and growth. The goals in this policy are set for2021 with a laser focus on workforce diversity and climate change. The company believes that together they can make a difference and change the world around them for the better.
Embracing Diversity And Inclusion
Another initiative that makes Neiman Marcus Group an employer of choice is that the company embraces the culture of belonging by accepting diversity and inclusion. It has created an environment that makes employees feel comfortable and appreciated regardless of gender, race, ethnicity, or color.
NMG hires talent. The employees of NMG work together as a robust support system fostering empowerment and where diversity inspires individuals to feel safe and confident with their identities.
NMG is one of the few companies in the US that are majority women-led. The Neiman Marcus Group empowers female leaders to take charge and lead the pack. This initiative makes people, especially women, feel that there are companies that provide them equal opportunities to grow, excel and thrive.
