Remove Compensation Remove Retail Remove Retention
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Adapting Recruitment and Retention Strategies for the Modern Retail Space

Slayton Search Partners

The retail industry has become predictably unpredictable. From the retail sales plunge in early 2020 to the chronic supply chain disruptions of the following two years, retailers have faced significant market volatility since the start of the COVID-19 pandemic. The importance of staying agile must be reiterated.

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10 Ways to Improve Retention at Your Retail Store

Homebase

Holding onto great employees is challenging in the retail industry. But even those who want careers in retail can lose interest after years of low pay, repetitive work, and intense fluctuations in workload. No wonder the retail industry experiences 60% turnover annually.[ This makes them more likely to quit than other staff.

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The Top-Rated Workplaces for Compensation and Benefits

Indeed

And in today’s world, compensation is so much more than just a number — it also includes the added benefits offered to you by your company, such as health insurance, wellness, time off, bonuses and more. In short, investing in competitive compensation is an investment in your firm. Here’s what we found.

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Understanding employee turnover rates

Achievers - Recruiting

Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response. By analyzing turnover rates, organizations can proactively address underlying issues and improve employee satisfaction and retention for the long term.

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Retail Recruiting: How to Navigate the Challenges and Grow Your Team

Eightfold

The retail sector is one of the largest employment sectors in the US. According to the Bureau of Labor Statistics , retailers employ more than 15 million people nationwide, or more than 10 percent of all employed workers. Technology has had a profound effect on retail, notes Steve Blyth , founder and CEO of Engage Works.

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Candidate Satisfaction is a Powerful Recruiting KPI

Survale

But you can be fast AND reckless so, like many KPIs, you need other data to provide context for time-to-fill, like offer acceptance rate, quality of hire, year one retention, etc. Fortunately it was easy to click into the data and discover that the drop in cNPS at that stage was due to dissatisfaction with compensation.

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5 tips to boost your 2022 seasonal hiring

CareerArc

For example, holiday hiring in the retail industry dropped 7% this last year due to difficulties in finding retail staff. For example, many retail and warehouse workers are concerned about safety— especially now. Improving safety, therefore, can help you attract those candidates, as well as reduce costly compensation claims.