Improving Employee Retention in Retail: Top 10 Strategies

Improving Employee Retention in Retail: Top 10 Strategies

Turnover in retail is common and costly. According to the US Bureau of Labor Statistics, the average employee turnover rate in retail is 52.5%, which is considerably higher than the national average of 30.7%. These high turnover rates translate into high costs for employing organizations. They can range from 50%- 60% of an employee’s first year’s salary, to as much as two years of an employee’s combined pay and benefits.

Our EGuide, Improving Employee Retention in Retail: Top 10 Strategies, will help you learn:

• The different types of employee turnover
• Best predictors of employee turnover
• Reasons why employees leave
• Ten strategies for improving employee retention

Complete the contact form to access our EGuide on Improving Employee Retention in Retail: Top 10 Strategies.

Avoid hiring the employees that are not likely to stay. Start with employee testing. SIGMA offers a number of assessments that can assist in this process. Contact us for more information.