Essential reading for retailers and suppliers in the home improvement market

Cash-strapped retail workers put in longer hours but struggle to make ends meet

Published: 28 May 2019 - Fiona Garcia
 

Brand new research from independent job board, CV-Library reveals that, despite 64% of retail professionals working more hours than they’re contracted to, 68% struggle to make ends meet at the end of each month. 

The study surveyed 1,200 working professionals and found that 38% work one to three hours extra per week, amounting to 96 hours per year; meaning retail professionals are missing out on £1,359.36* unpaid overtime.  

CV-Library founder and CEO Lee Biggins said of the findings: “We’ve certainly built a reputation for ourselves in the UK for working overtime, with full-time employees working two and half weeks more than the EU average. However, the retail industry is suffering a productivity crisis, with retailers like Debenhams and Arcadia shrinking their stores and making cuts to their staff. This has led to retail professionals being overworked and unmotivated. 

“Of course, we all have stressful days, which cause us to work longer than we’re contracted to. This is especially true of the retail industry, where employees are often required to work anti-social hours to prepare for sales and seasonal demand. However, if you’re continuing to go the extra mile, without your efforts being recognised, then something’s gone wrong. It’s unfair for managers to expect you to give up your valuable time without financial recognition. Know your worth and don’t settle for any less!”  

Although professionals in the retail industry may be putting in extra hours in the hopes of impressing their boss and securing a pay rise, it appears that employers are failing to pick up on their efforts. Nearly three-quarters (71%) of the industry’s professionals believe they’re underpaid, with the survey revealing that:

  • 74% of retail professionals go into their overdraft before the end of the month 
  • 44% struggle to pay off their credit card each month 
  • 44% think that colleagues at a similar level earn more than them 
  • Aside from living costs, the top three expenditures of retail professionals are groceries (52%), eating out (34%) and entertainment (24%) 

Mr Biggins concludes: “It’s highly demotivating to feel like you’re putting in extra hours, without reaping the rewards. So, if you think you deserve it, don’t be afraid to ask for a pay review. It will do wonders for your motivation and productivity to have your boss acknowledge your hard work. Plus, we deserve to enjoy our hard-earned money by socialising and doing things we enjoy, rather than worrying about how to pay the bills at the end of the month.”  

*The average salary in the retail industry currently sits at £29,462 per annum, equating to an hourly rate of £14.16 

 

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


As we near the end of another scorching summer season, which category do you expect to be the biggest seller in the build up to autumn and winter?







Latest reader comments

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

Peter Earl
I HOPE GRAHAM BELL THE NEW CEO OF B&Q GETS TO GRIPS OF THE COMPANY VERY SOON.MY WIFE WENT FROM SHADOXHURST TO GILLINGHAM TO GET SOME ...

re: Quick and easy wood treatment oil from Frogsuit

Helen
hi, I have some brand new teak garden furniture would the clear be suitable to keep the new look of the wood....

re: Hardware store wins fight against music licence body

Georgia
We are a small business of 5 people who watch the news for 30 minutes a day on lunch ( 4 days a week) and have been sent a bill for £900!!!?...

re: Customers complain B&Q paint is wrecking their cars

Rosie
Susan did you get an update, we have just experienced this, husbands car is completly ruined. BNQ have washed their hands of us. 40 pounds ...

re: DIY inventor gets £100,000 investment for Wellitop

Gel
You're being optimistic expecting a response to a 9 year old story!...