Retailers’ growth at risk if skills shortage goes unaddressed

Retailers must source talent from other sectors and adopt more robust talent management strategies or risk jeopardising growth, according to research from ReThink Retail.

Wed, 9 Jul 2014Retailers must source talent from other sectors and adopt more robust talent management strategies or risk jeopardising growth, according to research from ReThink Retail.

The recruitment specialist’s Retail Report – which analysed trends in the market over the past decade and predictions for the future – has called for a new generation of analytics professionals to address skills shortages in the retail sector.

Kate Barron, director of ReThink Retail, says: “Where professionals have previously had retail experience, the rise in omni-channel marketing and the growth of ‘Big Data’ analytics has resulted in greater demand for wider skills sets to support business growth and innovation – including technological and mathematical abilities.

“By adapting talent management strategies to focus on sourcing ‘well-rounded’ individuals with more general abilities, the sector will be better placed to overcome the current talent shortage and remain competitive.”

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