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The Clothing and Clothing Accessories Stores sub-sector consists of clothing stores, shoe stores, and jewelry, luggage, and leather goods stores. Due to this retail focus, employees are required to have extensive knowledge of fashion trends as well as how styles, colors, and different combinations of pieces and accessories can be suited to the interests of each individual customer.
The need to hire talented, capable customer service agents and sales associates has never been higher. With the added risk of working in a customer-facing environment, only companies offering comprehensive insurance plans will draw the best employees.
Higher employee turnover rates and percentage of part time workers in clothing stores can make benefit offerings and administration somewhat more difficult than the average industry. The average employee demographic can range significantly from a high school senior to a retired senior citizen, each with different motivations for working. Disability plans are important as there can be a physical component to the role, from moving heavy items to stocking shelves. To create a custom benefit package, every employer needs to know their specific group of employees.
There are about 143,000 clothing stores nationwide, employing over 1.7 million professionals. On average, each shop was on the smaller side, with 12 staff members. This industry is split almost evenly between male and female employees, and the median employee age is 38 years old.
35% of employers offer short-term disability insurance, and 12% provide a long-term disability option. The national average is 42% and 34%, respectively.
42% offer access to a life insurance plan. Comparatively, the national average is 56%.
As a whole, the clothing and clothing accessory store industry has a lot of work to do when it comes to providing all-inclusive employee benefits packages. There are many improvements that need to be made by clothing store employers in order to become in-line with the nationwide general industry standard of providing benefits, such as offering access to medical insurance and increasing paid vacation days. When these changes are made, employers will notice that offering a strong clothing store employee benefits package is key to enticing and retaining top-notch employers to their team.
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