The Value of a Retail Career - 2023 RESEARCH STUDY

This research study shows: 4.2 Million • The availability and value of a retail career relative to other industries retail job openings in the last 12 months • The speed of career progression and earning potential through a career in retail • The most common, valuable, and growing-in- demand skills one can gain through a career in retail • The potential career paths available to retail talent 10%. [...] The Value of a Retail Career | 2 The Value of a Retail Career This research surfaces three key value drivers of retail careers: 1 Retail is an industry where front-line talent has meaningful earnings potential and promotion opportunities 2 Retail jobs offer opportunities to build a broad set of valuable, in-demand and transferable skills 3 Retail enables people to customize their careers and choos. [...] *Growth in median salary from entry-level roles to roles requiring 8-10 years of experience is 178% in leisure & hospitality and 108% in health care The Value of a Retail Career | 4 $0 $60K $120K 2 Retail jobs offer opportunities to build a broad set of valuable, in-demand and transferable skills The sheer variety of retail positions provides opportunities to gain upwards of 700 different skills t. [...] The Value of a Retail Career | 5 Front-line retail roles are evolving and so are the skills that retailers are The following skills are expected to grow in demand* over the next two years: looking for. [...] • Average Estimated Salary: The average salary advertised in job postings for a given occupation and industry • Skill Salary: In a given industry and job market, the average annual advertised salary of a job requesting a certain skill • Salary Growth: For a given skill, the salary increase between jobs requiring 5-8 years of experience and entry-level jobs The Value of a Retail Career | 13 Default.