Beyond the Minimum Wage: What Factors Drive Employee Turnover in Retail?
Payactiv
OCTOBER 10, 2024
However, the retail industry is plagued by high turnover rates that exceed the average in other sectors. As of May 2024, the average employee turnover rate in the retail industry was 4.0% So, what’s fueling this high employee turnover in the retail industry, and what can retail employers do about it? compared to 3.4%
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