The majority of retailers planning mass redundancies amid the Chancellor's Autumn Budget - London Business News | Londonlovesbusiness.com
Briefly

WorkJam's new survey highlights a workforce crisis brewing in the UK retail sector. Over half of retailers have frozen recruitment, and nearly 60% anticipate layoffs in the coming months. Most organizations recognize the need for better workforce management tools yet fail to provide necessary support for their frontline teams. Although almost all understand that employee experience impacts customer satisfaction significantly, only a small percentage offer flexible pay, shift swapping, or self-service management tools. Furthermore, corporate buy-in is identified as a major obstacle to investing in better workforce management solutions.
Over half (53%) have already frozen recruitment due to government budget pressures, and nearly 60% expect to make redundancies within six months.
Despite nearly all retailers (98%) recognising that employee experience directly impacts customer satisfaction, many are failing to equip their frontline teams with the tools they need.
Read at London Business News | Londonlovesbusiness.com
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