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Industry News

Published on August 13th, 2020 | by The GC Team

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Retail job numbers down 66.8% on last year

According to the latest job market data from independent job board CV-Library, the amount of retail jobs being advertised fell by 66.8% in July, when comparing data with a year ago. However, job numbers have risen by 37.4% month-on-month, which CV-Library describes as “a promising step for the industry.” 

The job board analysed data from its site throughout the month of July and compared the findings with data from July 2019 and June 2020 to build an understanding of how the UK job market is faring right now.  

 It reveals that applications to these retail roles have dropped by 24.9% year-on-year. However, they have risen by a small 2.4% month-on-month. As a result of these trends, the average application-to-job ratio in retail has risen by a massive 126.2% 

Lee Biggins, founder and CEO of CV-Library, said:“Demand for jobs is still outstripping supply and this will be a trend that we’ll continue to see for some time. Naturally, the summer months tend to be a quieter time for both recruitment and job searching. However, the fact that our economy is struggling means there are fewer opportunities up for grabs than normal and more people looking for work; not an ideal combination.” 

 Interestingly, average pay for new retail jobs rose by 21.6% year-on-year; from £26,858 in July 2019, to £32,649 in July 2020. However, it dropped by 2.4% month-on-month, from £33,4630 in June 2020.   

“While it’s a promising sign that salaries are higher than they were a year ago,” added Biggins, “the monthly dip in pay for new jobs does suggest that organisations are starting to make difficult decisions about their workforce. Candidates may well expect to take a pay cut during an economic downturn, but be prepared to have difficult conversations with applicants who may be expecting more than you can offer right now.”  

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