Rethinking HR Benefit strategies in the Retail Sector

What do retailers have to do?

The Washington Post makes an important point in their article by citing labor professors and economists who said 15 million retail workers found it hard to find reliable child care and public transportation during the pandemic, but now that things are returning to normal, retail employees are weighing up their options jobwise. They also say that companies have started to offer benefits that range from free food to subsidized college courses to attract and retain employees.

What do the experts say on retailers?

The Society for Human Resource Management (SHRM) say retailers will need to adapt to new attitudes when it comes to shoppers. They say it “will require empathy and flexibility from HR” and that a “flexible digital system … can help build employee loyalty” with regards to work-life flexibility. One example they refer to is the huge supermarket chain, Costco, which provides generous benefits including health care and retirement plans, which in turn leads to lower turnover and happier workers.

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Benify

Benify

Benify offers the market’s leading global benefits and total rewards platform. Engage your employees, anywhere, anytime. www.benify.com