Who's Hiring For The Holidays?
mindflash.com presents WHO'S HIRING FOR THE HOLIDAYS? RETAILERS' HOPES ARE HIGH THIS YEAR.. I The International Council of Shopping Centers projects 2010 holidays sales to jump as much as 3.5 percent -- the biggest increase in four years. I The National Retail Federation 2008-2010 EXPECTATIONS FOR HIGHER SALES: estimates a more modest holiday sales bump of 2.3 percent this year, with overall sales hitting $4471 billion. $447.1 BILLION 2008 2.9% 2009 36% 2010 55.1% 4.4% 3.5% 2006 2010 I Retail industry leaders expect holiday sales to be the strongest since 2006. .AND TOP RETAILERS ARE STAFFING UP. I The nation's top retailers are expected to add over 500,000 people to their payrolls for the holiday season - a temporary salve for the economy, with nationwide unemployment still above 9 percent. -1,000 new hires *macys Limitedbrands TOYS'A'US 65,000 50,000 45,000 AAAAA AAAAA KOHL'S JCPenney 40,000 30,000 29,000 est20,000 4,000 AAAA THE HIRING REBOUND REMAINS SLUGGISH. I HOLIDAY SEASON EMPLOYMENT BUILDUP (Oct Through Dec) +710.000 +71,000 +746,000 +720,000 +650.000 +550,000 +501,000 +384,000 2003 2004 2005 2006 2007 2008- 2009- 2010 - .IN PART BECAUSE OF HIGH COSTS OF HIRING AND TRAINING. I Steep hiring costs and high turnover rates factor heavily into retailers' bottom lines. Direct Costs Indirect Costs Cashier balancing errors Mistakes in paperwork Advertising Training Interviewer time Employment testing New employee processing Background Checks Product damage Missed customer opportunites mindflash.com Sources: www.taleo.com| www.bls.gov | online.wsj.com | www.nrt.com | www.icsc.org We Make Online Training Easy
Who's Hiring For The Holidays?
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