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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

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. Offering choice is key,” he concludes.

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Wilson James ensures staff are aware of support available through voluntary benefits

Employee Benefits

Wilson James, a professional services and skilled labour firm for the security, logistics, aviation and technology sectors, has embedded raising awareness of its voluntary benefits provision from the very start of its employees’ career journeys, and even during the recruitment process.

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Podcast: Egress structures staff benefits to provide multiple avenues of support

Employee Benefits

Primary business objectives that impact on benefits To grow the organisation’s revenue by 30% per annum and, therefore, expand the workforce at a sustainable rate. Career history Laura Probert is chief people officer at Egress and is responsible for the organisation’s global people strategy.

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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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Tesco Ireland enhances staff health and wellbeing benefits

Employee Benefits

Tesco Ireland has launched a free virtual GP service for its 13,000 employees based in the country and has enhanced some of its existing wellbeing benefits.

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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 The restructuring of the pay, reward and recognition structure in our retail business marks the biggest investment we have ever made in store staff since the business was founded.

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