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Industry News

Published on January 14th, 2020 | by The GC Team


“Two thirds of retail professionals looking for a new job in the New Year”

New Year is a time to take stock and set goals, and according to new research from online job site CV-Library as many as 63.5% of professionals working in retail have said they want to find a new job in 2020.

The survey of more than 2,000 UK retail professionals showed that a new job was the prime objective, coming above earning more money (51.9%), learning a new skill (34.6%) and getting a promotion (11.5%). It means that retail employment may be in for a great deal of churn in the coming year, producing both positives and negatives for retail businesses.

As Lee Biggins, CEO and founder of CV-Library says:The start of the new year is consistently one of the most popular times for people to look for a new job, and this is a positive if you’re looking to attract more candidates to your jobs. At the same time, it also means you’re at risk of losing talented team members to the competition.

“We can see from our findings that there are a number of other priorities for working professionals in 2020, such as earning more money, learning a new skill and getting promoted. While you may not be able to stop people from moving on, you can help them to reach other goals by offering competitive pay, appropriate training and career progression opportunities.”

Interestingly, the data also reveals that there were some stark differences in what the nation’s generations considered as most important, with 69.8% of 25-34 year-olds keen to earn more money in the new year, compared to just 51.5% of 55-64 year-olds.

“Understanding what your employees want from their careers is important,” added Biggins, “and this can really help to set you apart as an employer of choice. If you’re responsive to your employees’ needs and do everything in your power to help them reach their career resolutions, they’ll be more likely to stay with your company for the long run.

“At the same time, it’s a good idea to make the most of the fact that people are planning on finding a new job in 2020. The retail industry has been damaged by economic uncertainty and changing consumer shopping tendencies, and with the loss of several temporary and seasonal staff, hiring simply cannot be avoided. Get prepped by perfecting your job adverts and ensuring you’re advertising these in the right places.”

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