Retailers know that their employees play a vital role for their operations – these workers deal daily with customers, keep track of inventory and handle financial processes, among other tasks. For this reason, merchants are looking for talented and trustworthy staff members who will help their businesses grow. Unfortunately, many companies have hit a snag when it comes to bringing on new retail employees.

According to Bloomberg, statistics from the Labor Department show that during March, the retail industry lost an approximate total of 24,000 jobs, the largest monthly decline in more than a year. The source explains that the payroll tax increases along with government fiscal policies are resulting in decreased consumer spending, which is in turn causing many merchants to reduce their workforces.

However, as the economy continues to improve, businesses will be looking to add more employees, and Entrepreneur Magazine writes that Millennials are a group that should be the focus of retailers to recruit and hire. The news source points to suggestions from the National Retail Federation, recommending that merchants should consider bringing on these younger professionals as they are looking to make a difference at the beginning of their careers. This will help fuel innovation and boost customer relationships, the source explains.

This entry was posted by Retail Pro on Thursday, April 25th, 2013 at 11:20 am .