New data highlights career development as the top advertised benefit in retail.
- The Retail Salary and Benefits Guide analyses over 23 million job ads.
- Benchmarking salaries can help retailers remain competitive.
- Adjusting remuneration packages may enhance employee engagement.
- Understanding candidate motivations is key to expanding talent pools.
The latest data reveals that career development and progression is the most frequently advertised benefit in the retail sector. Employers are prioritising opportunities for advancement to attract talent.
The Retail Salary and Benefits Guide, based on an analysis of more than 23 million job advertisements, offers valuable insights into constructing appealing compensation packages that meet industry standards.
Retailers can maintain a competitive edge by benchmarking salaries against industry, location, and job title averages. This practice ensures that they offer compensation that is both attractive and equitable.
Enhancing employee engagement is a critical consideration for employers. By adjusting remuneration packages to include highly sought-after benefits, employers may improve job satisfaction and retention.
Understanding what motivates candidates in related industries to switch jobs enables retailers to expand their talent pools. Insights into these motivations allow for more effective recruitment strategies.
This comprehensive analysis equips retailers with the necessary tools to build effective and competitive compensation packages.