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How to Reduce the Average Retail Turnover Rate: 5 Proven Tips

Empuls

Employee turnover is one of the most important issues confronting retailers today. According to LinkedIn , the average retail turnover rate is one of the top turnover rates besides accommodation and entertainment. High churn rates have an impact on retail companies at all levels, affecting productivity, engagement, and satisfaction.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

The TRS outlines what employee benefits have been on offer for the past 12 months. We offer targeted information through different communication formats, such as TV display screens around our offices and depots with rolling information about what’s going on in the organisation and awareness days, and highlight benefits related to that.

Retail 105
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Majestic increases wages and updates pay structure

Employee Benefits

Credit: William Barton / Shutterstock.com Specialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 Store staff received an average salary increase of 6.7% Those on lower salaries were awarded larger increases in pay, with eligible staff earning £30,000 or less benefitting the most.

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Inclusive employee rewards for all generations

Employee Benefits

Our Annual Leave Purchase scheme is a benefit your employees can access by giving up a portion of their salary. eVouchers are one of the most popular ways to deliver employee rewards, especially when you tap into our network of over 150 retailers and even more so when you allow your employees to choose where to spend them.

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Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. It will also offer reward and recognition benefits such as gift cards, vouchers and gift experiences, long-service awards, recognition messages or cards, and lump sums.

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EXCLUSIVE: Enterprise Rent-A-Car and Centrica promote benefits to support financial wellbeing

Employee Benefits

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. It promoted its employer-funded benefits such as an online GP service and a retail discount site.

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Refurbished Tech

Sodexo Engage

Why choose our Refurbished Tech Scheme Your employees can buy , sell , and repair their tech, giving them access to cheaper, greener tech, plus: Flexible Payment Solutions: Spread payments monthly through salary deductions, salary sacrifice or buy upfront. Frequently asked questions What is the Refurbished Tech benefit?

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