Employee Retention and Retail - Comp and Benefits Today

How to Address High Turnover With Retail Employees

Achievers

JANUARY 12, 2021

Here’s a not-so-fun fact: Retail employees leave their positions at a rate that’s over four times higher than the average turnover rate in all other industries. According to Human Resources Today, that translates to $19 billion in costs related to hiring and training new employees.

Retail

Retail Employee Retention Employee Recognition Food

Understanding employee turnover rates

Achievers

SEPTEMBER 12, 2024

Retail: Research from McKinsey reveals that turnover rates for frontline retail workers have long hovered around 60%. Professional services: According to research by Statistica , professional services organizations around the globe report an employee attrition rate of 12.5%.

Retail

Retail Professional Services Employee Retention Salary

Home Depot orders corporate staff to take 8-hour retail shifts

Employee Benefit News

OCTOBER 8, 2024

The new initiative aims to keep corporate employees connected to the needs of in-store associates.

Retail

Retail Employee Retention

Meijer Leverages Recognition to Strengthen Key Business Metrics

Achievers

JUNE 10, 2020

Grocery stores make up a large sector of the retail industry and there are more than 38,000 supermarkets in the U.S. How are major grocery retailers engaging their hundreds to thousands of employees on a daily basis? 5x more likely to see increased employee engagement. 25x more likely to give frequent recognition.

Retail

Retail Employee Retention Human Resources Employee Recognition

To trim costs ahead of a recession, retailers are hiring fewer holiday workers — and driving burnout

Employee Benefit News

DECEMBER 12, 2022

(..)

Retail

Retail Employee Retention Management

Why Employee Recognition is Important and Key Benefits

Achievers

JANUARY 21, 2021

A massive 91% of employees say that a strong culture of recognition makes them want to work for a company. And recognition is among the most effective non-financial factors employee retention. Organizations that rate their culture of recognition highly are also 3 times more likely to see increased employee retention.

Employee Recognition

Employee Recognition Employee Retention Retail Technology

How managers can help frontline workers feel safe on the job

Employee Benefit News

JULY 13, 2023

A new survey highlights the concerns workers in healthcare and retail grapple with daily.

Retail

Retail Healthcare Management Employee Retention

What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

Employee Retention

Employee Retention IT Employee Recognition Hospitality

Is Your Business Doing Enough to Prevent Workplace Violence?

InterWest Insurance Services

MARCH 19, 2024

While three-quarters of the non-fatal victims worked in health care, more than 30% of those killed worked in retail. Employees at gas stations and convenience stores were particularly at risk. Setting up a mechanism for employees to report any threats of violence towards them or co-workers. Another 392 workers were killed.

Insurance

Insurance Hospitality Retail Employee Retention

The Importance of Employee Recognition: With Statistics and Examples

Vantage Circle

FEBRUARY 25, 2024

Backed by examples, we'll unveil the transformative power of employee recognition. Key Takeaways What is Employee Recognition ? Impact of Recognition on Employee Retention and Employee Experience How can the Recognition Program Drive Business Goals? How can Recognition Boost Employee Well-being ?

Employee Recognition

Employee Recognition Employee Retention Retail Employee Wellness

The guide to building an employee rewards program

Achievers

MARCH 7, 2025

more likely to see increased employee retention than other R&R providers. Employees with access to an expansive rewards marketplace are 75% more likely to feel more productive at work. Assembly Assembly is an all-in-one platform where employees can recognize achievements, celebrate milestones, and redeem rewards.

Technology

Technology Retail Bonuses Health

How to increase employee happiness in a tight job market

Business Management Daily

AUGUST 17, 2023

Some circumstances can’t be controlled — like a lunch rush while waiting tables or the holiday madness at retail stores — but workplaces that emphasize employee happiness just seem to feel better. There’s a noticeable difference between work environments where people enjoy their lives versus where they don’t.

Work From Home

Work From Home Entertainment Pension Benefits Package

#HRTechChat: Ayden Hodgins of New Entity HCM

3Sixty Insights

MAY 16, 2024

AI is set to empower HR leaders and optimize time with functionalities like timekeeping and attendance. In our latest #HRTechChat, Dylan Teggart is joined by Ayden Hodgins of New Entity HCM to speak about the future of AI in HCM and how large language models will improve the future of work.

Hospitality

Hospitality Food Retail Employee Retention

#HRTechChat: Lilith Christiansen on Unlocking Employee Potential Through Strategic Onboarding

3Sixty Insights

MAY 14, 2024

In this HRTechChat, Lilith discusses her approach to successful onboarding, first impressions, employee experience, and manager enablement, while touching on how new technology can play a role in these. Lilith Christiansen is the founder and lead consultant with HumanGenuity and co-author of the best-selling book Success Onboarding.

Consulting

Consulting Technology Management Hospitality

Comp and Benefits Today

How to Address High Turnover With Retail Employees

Understanding employee turnover rates

Trending Sources

Home Depot orders corporate staff to take 8-hour retail shifts

Meijer Leverages Recognition to Strengthen Key Business Metrics

To trim costs ahead of a recession, retailers are hiring fewer holiday workers — and driving burnout

Why Employee Recognition is Important and Key Benefits

How managers can help frontline workers feel safe on the job

What Is a Good Retention Rate and How Do You Achieve and Maintain It?

Is Your Business Doing Enough to Prevent Workplace Violence?

The Importance of Employee Recognition: With Statistics and Examples

The guide to building an employee rewards program

How to increase employee happiness in a tight job market

#HRTechChat: Ayden Hodgins of New Entity HCM

#HRTechChat: Lilith Christiansen on Unlocking Employee Potential Through Strategic Onboarding

Stay Connected