Retail sector salaries are among the least competitive in the country. In fact, our data found that the sector can be up to one-third lower than professionals at the same level in other industries.
So, you might be wondering what else did we discover about rewards in the retail industry?
To uncover the latest data trends and salary insights for the retail sector, we analyzed our Cendex database. More specifically, we tracked the latest salary rates and reward movements for over 500,000 UK employees in the retail sector, employed across 42 organisations.
Here’s just a few of our findings:
- There’s been slow growth in retail salaries
- The strongest salary growth occurred in lower paid roles
- Gender pay differences were greatest as the highest and lowest job levels
Want to know more? Download the report now.
With Cendex by your side, developing a fair, competitive rewards strategy that attracts, retains and motivates talent has never been so easy.