Industry Outlook
The retail industry is the largest privately owned employment sector in the USA and almost 42 million jobs depend on this industry thatcomprises of consumer products. Any job related to this ranging from those who supply raw materials to factories, truck drivers who deliver it to the stores, the sales person who tries to sell it to the customer or the designer who is busy making the design for the next product all are part of this retail industry. This industry comprises nearly 3,600,000 stores across the US and is responsible for about 2.6 trillion in annual GDP of the US. This supports all kinds of employment opportunities like part-time, hourly, full-time, contract basis and more. They are the core of the economy of any country where a huge population sustains its livelihood from it.
Jobs & Positions
The National Retail Federation or NRF promotes the concept that “retail means jobs” and wherever there is a retail store opening up, it brings with it a host of employment opportunities for the locals. Some of the good paying jobs in this sector are office manager, operations manager, full-time sales associate, tax professional, sales lead, and sales manager. There are numerous small and part-time jobs too that are ideal for short term employments.
Benefits & Perks
The retail industry is led by many big names that provide the best in terms of employee benefits and compensation. Full-time employees enjoy all basic insurance, coverage from accidents, medical emergencies, dental and vision insurance, and 401 (k) retirement plans. Then there are industry specific benefits such as vacation pay, discounted stay and lodging, discounted products, and free food and drinks.
Assistant Store Manager JobJob Duties
The main task is to assist the general manager with his or her tasks and keep learning the company policies and rules. At some places they might have an upper hand if the general manager is not actively involved in each and every administration task. It includes managing daily activities, resolving conflicts and keeping a log of them.
Job Qualification
The highest paying jobs in this category demand college degree with a specialization such as Masters in Business Management or similar 2-year degree. However, there are also part-time managerial positions which are ok with a high school degree. Any experience in the same position elsewhere is also a plus, however, is not always essential. Companies will explicitly mention around 3-8 years of experience for the good paying posts.
Salary & Compensation
They are on the lower end of the spectrum of high paying management jobs, but they enjoy many equal benefits and have the potential of transition to higher wages with bonuses over the years. They also have a lot less to deal with compared to the stressful working hours for an area manager or operations manager. The median pay is around $45,000 annually, whereas some companies like Lowe’s and Target pay between $50,000 and $60,000. Those located in Boston are reported to receive a pay 20% more than the national average of $30,000.
