Survey: One-in-four retail employees plan to change jobs in 2014
Chicago — Twenty-four percent of full-time retail employees plan to change jobs in 2014, three points above the average for all workers (21%) and up from 20% in 2013. According to a new survey from Harris Interactive, CareerBuilder and WorkInRetail.com, 51% of retail workers are satisfied with their jobs, down from 60% in 2013.
In addition, 22% are dissatisfied, up from 17% in 2013. For the three-out-of-four (76%) retail workers who have no intention of leaving their current job in 2014, a variety of factors weigh into their decision, with relationships with co-workers (59%), work/life balance (49%) and benefits (43%) topping the list.
“When workers are confident they can find a better job elsewhere, it’s a sign the labor market is improving,” said Rob Morris, director of WorkInRetail.com. “As a result, employers must double-down on efforts to retain top talent. Managers should listen carefully to employee feedback, implement incentive rewards, and consistently recognize strong performance. Reducing turnover builds cohesive teams that lead to positive customer service results and higher sales.”
Hudson’s Bay CFO takes leave of absence
Hudson’s Bay Company’s CFO Michael Culhane is reportedly taking a leave of absence from the company. Assuming the CFO role will be Donald Watros, who on Feb. 1 will be stepping into his new role as president of the company.
HBC did not provide further details on Culhane or the CFO spot.
Culhane has been CFO of Hudson’s Bay Company since Feb. 2009. He is responsible for financial planning, profit improvement, accounting, treasury, income taxes, audit, legal and credit/loyalty marketing. He also served as CFO and EVP of Lord & Taylor from 2004 to 2009 and held other executive financial positions with the May Department Stores Company from 1997 to 2004.
The company has been restructuring its leadership so it can focus on managing and growing HBC’s presence in North America, as well as its expanding portfolio of brands.
Former Target digital strategy exec heads to Adconion Direct
Adconion Direct, a leading global cross-channel digital advertising company, has named Nathan Jokinen as VP of strategic development. Jokinen spent nearly a decade in business development and digital strategy at Target.
In his new role, Jokinen will focus on strategic innovation and the retail vertical. The company recently launched an automotive vertical focus and opened offices in Detroit and Boston. According to the company, its integrated cross channel platform technology delivers in-depth audience insights from display, video, mobile, email and social to maximize digital ad campaign performance and engagement.
"Adconion Direct is leading the way, both in technology and methodology, for the next generation of cross channel digital advertising," said Jokinen. "Adconion Direct’s unified technology platform truly brings the highest level of performance and audience insight for advertisers using cross channel data. As online advertising spend for retail in the U.S. is projected to reach $10.52 billion in 2014 and continues to be ranked highest in digital advertising spend of all industries, I’m thrilled to join the Adconion Direct team at such a pivotal time for both the company and industry."
"We are pleased to welcome Nathan to Adconion Direct, with his proven success in digital strategy for one of the largest North American retailers, Target," said Kim Reed Perell, CEO of Adconion Direct. "Nathan possesses tremendous knowledge on advertising and optimization platforms, making him ideal to lead our strategic business development efforts. His expertise in data, media, and technology combined with his deep understanding of retail and CPG make him an incredible addition to our team as we continue to grow using Adconion Direct’s cross channel platform to drive performance for advertisers."
Adconion Direct’s clients include Anheuser-Busch and Kellogg’s.