Every year, NRF partners with Mercer to release the
Retail salary growth outpaced inflation and matched peers.
For entry-level retail careers, salary growth has outpaced inflation since 2011 and tracks closely to overall industry increases. This isn’t surprising when considering that retail is an industry that rewards those who commit to their roles and businesses. As with any industry, frequent “job hoppers” will likely see lower long-term wage growth because they’re missing opportunities for promotions and responsibility increases.
Retail jobs see wage growth even without promotions.
When looking at wages for the same job type and comparing individuals based on their tenure in that position, employees in store-level positions see wage gains even without promotions. For example, an employee who has been in their position for one year makes an average of $10.10/hour, while an individual in that same position who has been there four to five years makes $12.70/hour. This represents annual raises of over 6 percent. There has been significant upward pressure on wages over the last year and some retailers have responded by
Retail jobs provide benefits for part-time employees.
It’s a common myth that starting in retail means a lack of benefits. However, data shows that entry-level part-time jobs in retail are more likely to provide core benefits (health, vision, dental and retirement) than other industry employers. As the table below shows, retail workers are significantly more likely to receive core benefits; an average of just 24 hours per week is needed to access these benefits. Beyond core benefits, retailers increasingly offer perks typically associated with tech or professional services positions such as
To learn more about the retail workforce, visit’