Years of difficulty and uncertainty in the retail industry have resulted in over half (53%) of retail employees currently feeling overworked and underappreciated, suggests new data from workforce management technology company Fourth.
Fourth has announced that its integrated applications boost staff satisfaction and improve retention by 36%.
Hospitality operators are currently facing a myriad of challenges, with rising energy and food prices, inflation and staff shortages significantly impacting profits and productivity.
New surveys from CGA and Fourth highlight recruitment problems, high churn and rising payrolls ahead of crucial Christmas trading
For many retailers, and retail employees, 2022 was going to be the year that put all the hardship of the pandemic and its subsequent lockdowns and surges, behind them. However, this has not been the case. In fact, for many, 2022 has been even harder.
Post-pandemic, many retailers were hopeful for sustained growth and recovery. Instead, they face rising inflation, and a cost-of-living crisis, and have seen the day-to-day cost of running a brick-and-mortar store peak.
Last year saw the retail industry navigate supply chain issues as a result of the ongoing fallout from the pandemic, spiralling inflation sparking a cost of living crisis, and a mounting energy crisis that impacted the day-to-day cost of running a brick-and-mortar store.
KFC is a global Quick Service Restaurant (QSR) brand known for its finger-lickin’ good fried chicken. One of the secrets behind KFC’s success, is its focus on implementing reliable demand forecasting and inventory management processes, which have not always been an easy task.
The hospitality industry has continued to battle its way through a myriad of issues since we released our last Hospitality Workforce Report in August, with spiralling energy costs, high inflation and market instability heavily impacting trading.
The current economic climate has continued to challenge hospitality operators since we shared our last Hospitality Workforce Report in August, with spiralling energy and food costs, supply chain disruption and labour shortages threatening to impact profits.
More staff are leaving jobs in hospitality now than at any time since the start of the pandemic.
The latest data from Fourth, the industry’s leading provider of inventory and workforce management solutions, shows that 8.3% of the workforce left the sector between August and September.
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