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HomeinterviewsPurchasing Power Releases 2024 Retail Financial Wellness eBook for HR Professionals

Purchasing Power Releases 2024 Retail Financial Wellness eBook for HR Professionals

Purchasing Power Releases 2024 Retail Financial Wellness eBook for HR Professionals
Purchasing Power® Releases New eBook to Support Retail Industry Talent Recruitment and Retention

Purchasing Power launches the 2024 Retail Financial Wellness eBook, offering HR professionals strategies to attract, hire, and retain employees amidst industry challenges.

    • Ebook Overview:
      • The eBook provides immediate steps for enhancing financial wellness and covering monthly expenses for retail employees.
      • Insights on technology and training needs to improve employee effectiveness and satisfaction.
      • Industry Insights:
        • Workforce Challenges: Retail faces hiring and retention hurdles, with employees working extra hours due to staff shortages.
        • Employer Initiatives: 74% of employers actively support financial wellness to aid employees in managing monthly payments.
      • Employee Perspectives:
        • Job Satisfaction: High satisfaction (87%) despite concerns over labor shortages and salary competitiveness.
        • Benefits Importance: Benefits are crucial, with 89% valuing them as much as salary.
      • Financial Wellness Solutions:

        • Current Offerings: Insight into existing benefits like discounts (37%) and desired benefits such as financial counseling and medical deductible financing.
        • Purchasing Power’s Role: Providing immediate financial wellness solutions for employees, reducing financial stress and aiding long-term planning.