The retail job market took a blow in the first month of 2020, with job numbers and applications both falling year-on-year, according to independent job board, CV-Library.
It comes despite national growth among other industries in both areas, and CV Library said retail businesses “appear to have lost confidence in their hiring efforts” as job numbers fell by a “staggering” 21.6% year-on-year.
The data also revealed that professionals are “nervous about moving jobs”, with applications falling by 18.8% year-on-year. CV-Library said retail was one of the few industries to experience falls in both jobs and applications, “as troubles persist in the industry”.
Lee Biggins, CEO and founder of CV-Library, said: “Despite the UK witnessing a surge in jobs and applications in January, our data clearly shows that the retail industry has seriously bucked the trend.
“January is usually a busy month for hiring, but the significant year-on-year decline of both job vacancies and applications suggests that the sector is in serious trouble. This will be a bitter pill to swallow for retail businesses who are already struggling with sales and the death of the high street.”
However, the average salaries for new retail jobs rose by 8.4% year-on-year, the third-highest increase amongst key industries.
Biggins added: “We know that a lot of businesses have had no choice but to push up their pay packets in order to entice people out of their current roles, but clearly this tactic has been unsuccessful in the retail sector.
“Money isn’t the only motivator for today’s professionals and a higher salary alone won’t be enough to make your job adverts attractive.”