Agencies are perpetually fretting they won’t be able to attract or retain the best talent.
They should be, according to Valerie Carlson, executive creative director at SapientNitro. But the wave of consolidation that’s swept the industry, with nearly every digital shop scooped up by a big holding company, has come at a cost: Agencies are stuck in a spiral of being unwelcome to the diverse talent they need to thrive.
Speaking at the Digiday Agency Summit on Friday in Palm Springs, Calif., Carlson partially attributed her rise within the industry to embracing digital advertising when it was in its infancy. The nascent days of digital offered more opportunities for women and for innovative thinking, she said. But as digital shops have been bought and integrated into holding companies, they’ve become more bottom-line focused, which will likely discourage young women from working in advertising, she said.
Watch Carlson discuss why agency consolidation is a threat to gender diversity in the industry and what agencies can do to ensure they keep talented young women interested in advertising.
-
Member ExclusiveMarketing Briefing: ‘The answer is no’: Why agencies need to reject RFPs with egregiously extended payment terms
Despite the abnormality of the 360-day request, the focus from some clients and procurement officers on extending payment windows has many calling for agencies to reject participating in pitches with such requests going forward.
-
Member ExclusiveDigiday+ Research: Brands won’t cut ad spend until 2023, but they will shift from branding to direct response
For now, brands don't have significant plans to cut ad spend in Q4 despite the economy, but they do have plans to shift their advertising from branding to direct response.
-
‘A very different environment for M&A’: Dealmaking trundles on as ad slowdown drags
Prospective buyers are feeling the pinch, while entrepreneurs are wary about a cooling economy. That's the current state of dealmaking, according to execs on both sides of the negotiating table.
-
SponsoredPublishers are adapting advertising strategies for a privacy-first world
Tina Iannacchino, senior publisher director, Seedtag So much of the attention around the death of third-party cookies and its impact on the digital advertising industry is focused on the implications for brands and consumers, which is far from the complete picture. The digital publishing industry in the U.S. is massive and set to be shaken […]
-
David Beckham and ‘Carnitas’: How Frito-Lay’s World Cup marketing strategy served up celebs and regional snacking flavors
Frito-Lay wants to be front and center as the go-to snack brand during the World Cup. Here's a look at its strategy.
-
Why a feminine wellness brand is prioritizing its organic social media strategy
With strict content rules, data privacy regulations and tight budgets, a feminine wellness brand remains bullish on its organic social media strategy.
