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Women in retail don’t feel taken care of by employers

Category: Industry News, Women, Retail, employers

Women in retail don’t feel taken care of by employers

Less than half (46%) of women working in retail say they don't feel well looked after by their employers, according to research by income protection specialists Unum.

Men in the retail sector have much higher levels of wellbeing, with 76% of male retail employees feeling they are well looked after.

The research also found 23% of women in retail felt their wellbeing had improved over the past three years (compared to 30% of men). Almost a third (32%) felt their wellbeing had got worse.

Having a good relationship with their line manager was cited by 89% of female respondents as being a critical part of wellbeing. Working reasonable hours was chosen by 84% and feeling empowered by 78%. Almost two-thirds (63%) said having a comprehensive benefits package was important to them.

Unum CMO Marco Forato said retail companies face losing female talent if they don't take steps to “improve perceptions of wellbeing”.

He added: “With staff turnover costing on average £20,114 per employee in the retail sector, and women representing an important majority of retail workforces, this is an issue retail businesses need to tackle now.”

Women make up 60% of all retail workers in the UK.

 

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VERCIDA works with over one hundred clients who are committed to creating an inclusive work environment. If you are an employer and interested in working with VERCIDA to promote your diversity and inclusion initiatives and attract the best candidates, please email info@vercida.com for more information.

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