Some retailers increasing salaries by up to 12pc to keep staff
Some positions in the retail sector could see salaries rise by as much as €6,000 next year.
Fashion and other non-food retailers are increasing salaries by as much as 12pc to retain staff, according to a new report from Excel Recruitment.
However, offering employees substantial pay rises is placing the budgets of smaller retailers under pressure.
Excel’s salary guide revealed that some positions in the retail sector could see salaries rise by as much as €6,000 next year. Increases of between 10pc and 12pc are expected for some junior roles as smaller businesses look to remain competitive.
A team leader or supervisor who may have earned between €23,000 and €24,000 this year could expect to earn between €28,000 and €30,000 in 2024.
Meanwhile, a team leader or supervisor in a large sports retail store who had a salary of between €32,000 and €36,000 in 2023 could earn up to €39,000 next year.
Assistant managers in high-street fashion outlets could see their salaries rise by around 13pc to between €36,000 and €40,000 next year.
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However, senior management salaries will see “minimal” adjustments, according to Excel.
The recruitment platform also found that more retailers in the non-food and retail sectors are now offering employees a standard 37.5 to 40-hour working week.
Saturday and Sunday schedules are now rotated among employees, with a two-in-four schedule proving to be the most popular choice among businesses in this sector. These schedule changes are being offered to improve flexibility for employees.
Companies are offering more holiday days for staff, with the average now ranging from 22 to 23 days. Some retailers are extending this to 25 days, the report found.
“The high cost of living has made it imperative for businesses to offer competitive financial packages,” Excel’s non-food and fashion retail director Aislinn Lea said.
She added that smaller businesses in the sector face the most challenges in attracting and retaining junior talent, such as sales assistants and supervisors.
“Smaller enterprises, in particular, face the challenge of managing these added costs in contrast to their larger counterparts that have more resources at their disposal.”
Employee wellness initiatives, such as maternity and paternity supports and pension scheme contributions, have also been introduced for some workers in the sector in recent years.
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