Kronos Finance Executive Summary for Retail
The National Living Wage, Apprenticeship Levy and Business Rates mean that by 2020 (according to the BRC), UK retailers will be hit with a £14 billion bill - equal to 20% of total profits. A full 900,000 retail jobs will be lost in the UK by 2025.
Kronos HR Executive Summary for Retail
A recent report showed that an average of £340 billion is spent on retail each year by a total of about 60 million customers. That represents an average spend of almost £5,700 per person in the UK, so business should be booming. Unfortunately, retailers are facing tough challenges - and human resources teams are at the forefront of the battle.
Kronos Operations Executive Summary for Retail
60 million customers spend an amazing £340 billion a year with UK retailers. Business has never been better - yet at the same time, there are challenging signs. Retail growth has slowed to just 2% PA. Costs are rising, fuelled by the National Living Wage, Apprenticeship Levy and Business Rates. The BRC estimates that by 2020, UK retailers will be hit with a £14 billion bill - 20% of total profits. By 2025, a full 900,000 retail jobs will be lost in the UK.
Key Takeaways for Retail
Manage your workforce more effectively, so you can achieve better business results, improve productivity and maximise customer service and control labour costs by watching our video.
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