Hire a Retail Manager
A retail manager oversees the overall operations of a retail store to ensure that sales objectives are met. They manage the day-to-day operations by scheduling and assigning shifts to the employees. They decide on the monthly budget, analyze daily sales, and create action plans to achieve the store's target. A substantial part of the job role includes recruiting new hires, training and evaluating staff performance, and monitoring results. Retail managers get employed in both small stores and large retail establishments and chains. Often managers in smaller stores have a broader range of duties than managers in larger ones. The compensation depends on the type of organization, experience, and also the responsibilities. Retail managers make an average of $46,000 per year, with the top bracket earning upwards of $67,000 annually. Usually, the benefits include store discounts, flexible schedules, paid time off, health insurance, and more. Career progression opportunities are favorable. Position holders progress into roles such as the retail store manager, retail sales manager, operation manager, and the like. In addition, job-sharing opportunities are available for store managers.
The responsibilities involved
The most crucial responsibility of the retail manager is to ensure the smooth running of the store. They allocate the daily duties to the staff, ensuring that the designated tasks get done on time. They should set realistic objectives for the personnel, supervising and guiding them towards maximum performance. The aim is to minimize costs and maximize sales by controlling the budget of the store, lowering expenditures, and increasing efficiency. Retail managers are in charge of customer service and resolving any store related issues. They are responsible for building a rapport with the customers as well as the retail team. In addition, the retail managers have to review all job applications and conduct interviews to fill recruitment gaps in the store. Other duties include managing store safety, securing store revenue, and ordering stock as needed. Some employers assign tasks such as overseeing the inventory, setting prices, and deciding when the merchandise goes on sale.
Skills and qualities required
While a college degree is not mandatory for this position, qualification in a relevant field can be beneficial for the application process. Previous management or retail experience is preferred. However, candidates sometimes work their way up, acquiring the necessary skills on the job. For this role, the hiring managers seek candidates who have demonstrated the ability to motivate their employees effectively. Retail manager candidates must have the desire to work as part of a team, generating fresh and innovative ideas. The applicant must have strong communication and interpersonal skills along with the ability to multitask. To be a successful retail manager, the potential hire must have excellent customer service skills, a well-developed business sense, and commercial awareness.