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How to Improve Employee Engagement in Retail: Importance, Ideas & Solutions

Vantage Circle

A McKinsey study discovered that the turnover rate in the retail industry is 70% higher than in other industries. This alarming figure raises questions about the working conditions in retail sectors. Are retail employees truly motivated and committed to their workplace? Has this always been the case in the retail industry?

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From blueprint to breakthrough: How AI and automation can transform the consumer enterprise

McKensey

Let’s say a retail merchandiser starts the process of analyzing scores of sales data and making recommendations for stock adjustments. In fact, consumer-packaged-goods (CPG) and retail companies that lead in digital and AI are already showing three times greater total shareholder returns compared with their peers in the sector.

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What is rightsizing and how can it benefit your business?

BMT Office Administration

Better aligning your staffing resources to your business goals Many businesses engage in strategic planning yearly, but not all prioritize strategic workforce planning. Still, it should be different for your company’s everyday Instagram posts or smaller sales transactions. For example, they make sales and work with customers.

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Balancing Employee Shift Preferences With Fair Scheduling

Attendance Bot

Managing schedules across multiple retail locations isn’t just about filling shifts—it’s about finding the sweet spot between what employees want and what the business needs. On the other hand, your retail locations need predictable, consistent coverage to serve customers and hit revenue targets.

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The 2 myths Starbucks’s new CEO needs to ignore, according to a Columbia business school professor 

Work Life

Far too often, leaders in Niccol’s position trap themselves in the “either-or” mindset—that is, that either shareholders or employees can be prioritized, but never both. This begins with debunking two common myths: First, that prioritizing employee needs compromises profit, and second, that employees work only for a paycheck.

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From logic to leaps: a new paradigm for CEOs in the AI age

Work Life

Nike’s stock has lost almost half its value since its peak in 2022, and suffered its worst day on record this summer, shocking investors by forecasting a sales decline of 10%. In John Donahoe, Nike had a more traditionally trained business leader: economics and business graduate, Bain & Company consultant, leader of retail businesses.

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These industries might benefit most from a 4-day workweek

Work Life

The ethos has piqued interest across industries, including tech, healthcare, finance, retail, and even government, as hybrid and remote work are the norm in our economy. In 2019, Microsoft Japan implemented a month-long trial of four-day operations, resulting in a 40% jump in sales and a 23% drop in electricity costs.