BENEFITS AND COMPETITION IN GROCERY LINKED TO EMPLOYMENT HIRING AND RETENTION
As the labor market continues to tighten, grocers and manufacturers are increasingly looking to pay and benefits to help attract employees. Low unemployment numbers can be very challenging for the retail and service industry sector because of the number of jobs available, employers are forced to be more competitive to hire quality candidates.
Additionally, grocers have the added problem of employee retention and the contracted job market means that the risk of losing current employees is higher as well. Total employment landscape: grocery makes up 3% of the US total labor force (4.8 million of roughly 160 million).
Employment in Total Nonfarm FIGURE 7
FIGURE 6 Employment in Total Nonfarm Monthly change, January 2016–May 2019, seasonally adjusted, in thousands
100 150 200 250 300 350
Source: Bureau of Labor Statistics, Current Employment Statistics, June 07, 2019 Most recent 2 months of data are preliminary