Retail is among the top 5 industries with an incredibly high turnover rate. The turnover rate for part-time retail professionals is 67%, and 26% of retail employers report that their turnover costs have increased. On average, it costs $3,328 to recruit, hire, and train a $10/hr retail professional. Here are three tips for effectively recruiting in retail.
Retail employers often find themselves with the wrong employees due to the quality of their applicant pool. If they don’t end up firing the employee, the employee quickly realizes this job is not for them and quits. Employees can avoid this with accurate job descriptions that efficiently recruit applicants that are qualified for the job and have clear work expectations.
Employee Value Proposition
You can attract candidates by highlighting the perks of working for your store. No perk is too little to mention. Think beyond compensation and benefits (though these should definitely be highlighted!). Not-so-obvious propositions include:
- Career Advancement
- Raises and Promotions
- Tuition Reimbursement
- Company Culture
Think about what makes your retail store stick out. Do you often have company outings? Does your break room have an all-you-can-eat cereal bar? Little perks like that help make your job listing unique.
Use a Referral Program
Because of retail’s high turnover rate, it’s likely that some of your employees have worked at other retail jobs. Use this to your advantage. Create an incentive program for your employees to refer qualified retail employees they’ve worked with in the past.
Retinent is an employee referral software that helps you do just that. Your hourly employees are rewarded every time you hire an employee they referred. Fight turnover. Request a demo today.