Published on March 12th, 2020 | by The GC Team0
UK retail jobs down, salaries up
According to the latest job market report from UK independent job board CV-Library, employers in the retail industry are still hesitant about their hiring efforts, with job numbers falling by 9.1% in February 2020..
Alongside this the study, which explores job market data from February 2020 and compares this with figures from the same period in 2019, also reveals that applications to retail jobs have dropped by a massive 21.3% year-on-year and a further 6.9% month-on-month. As jobs and applications fell, salaries for new retail roles actually increased by 5.8% year-on-year and a further 1.4% month-on-month.
This is particularly concerning, says CV-Library, as most other industries experienced an improvement in candidate appetite in February, with job applications increasing by 8.2% across the UK as a whole.
Lee Biggins, founder and CEO of CV-Library, said: “Even though Brexit is now behind us, it appears that employers across the retail industry are still struggling and this is having a negative impact on their candidate attraction offers. Unfortunately, with the influx of coronavirus across the nation, businesses may be hit even harder over the coming months, particularly if existing employees need to take time off work. For now, organisations must continue to push forward as normal and invest in the most cost-effective recruitment methods.
“The increase in pay is promising and may well be a tactic from retailers to drive more applicants. However, if you aren’t able to offer competitive wages, you’ll need to consider what else you provide that sets you apart from the competition. This could be flexible working, or a larger holiday allowance.”