Retail World

Rapid NZ Employee Turnover Rates

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Recent survey results have revealed that 53% of NZ employees are leaving their jobs within the first two years and 49 % of kiwis employees are actively looking for a job.

The retail industry is renowned for having high employee turnover rates - an issue that costs companies in terms of lost time and money from having to recruit and induct new team members. On top of this it also results in reduced productivity and sales as a result understaffing and loss of knowledge.

The Human Resource Institute of NZ estimates that staff turnover can cost 50 to 300 percent of base salary per person leaving; a key reason why employers should try to retain staff members.

The survey which was conducted by Clarian Human Resources indicates workers are seeking more clarity from employers over development opportunities and advises that employers make sure employees are aware of these options in hope to improve retention levels.

A staggering 35% of employees surveyed stated they would leave their job within 12 months if they had a choice- primarily for pay, promotion or because few opportunities for career development existed in their current job.

To find out more about the variety of jobs and opportunities for career progression the retail industry offers check out – http://www.rwr.co.nz/for-candidates/career-map/

Find out more about this news story at http://www.nzherald.co.nz/employment/news/article.cfm?c_id=11&objectid=10633499

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Hospoworld Resourcing is a recruitment agency that specialises in the hospitality, travel and tourism industries. We place people in hospitality jobs, travel jobs and tourism jobs in New Zealand (NZ) and Australia (AU) throughout all areas and levels within the hospitality, travel and tourism sectors