The retail industry is at a turning point in its struggle to retain employees. According to a recent study by McKinsey & Company, almost half of retail frontline workers are considering leaving their jobs in the near future. The implications are significant, given that the industry employs more people than nearly any other. Turnover can…
Gurpreet Singh
Between the rise of e-commerce and evolving consumer preferences, today’s retailers face many challenges. While layoffs might help cut costs in the short term, a more strategic and long-term approach to navigating the current landscape is to build a more skilled workforce. According to the World Economic Forum, six out of 10 workers will need…