Everything about work is up for grabs. What it is, where we do it, why we do it, and when we do it – all changing faster than we ever thought possible.
Here are 4 work trends I’m keeping an eye on:
“New” Retail Employment: When 80% of Americans Shop Online (Source: JDSupra)
- 2017 has seen an unprecedented number of retail bankruptcies and store closings
- The Limited, Wet Seal, Payless Shoes, and Gymboree all filed this year.
- The CEO of Urban Outfitters told Bloomberg: “The retail bubble has burst . . . We are seeing the results: Doors shuttering and rents retreating. This trend will continue for the foreseeable future and may even accelerate.”
- BUT – there is a huge demand for “new” retail jobs e.g. in warehousing, distribution and customer service.
- Amazon is hiring 100,000 people by mid-2018 – fulltime positions with benefits.
- E-commerce pays significantly better than traditional retail jobs – approx 26% more, as increased demand has led to increased competition for workers and higher wages.
Experiential Retail (for Goods and Services) is Another Area of Job Growth
- This includes pop ups as well as specialty stores like Sephora, SoulCycle, and fast casual restaurants like Made Nice (pic upper left with Daniel Humm and his amazing staff).
- I am always blown away by the excellent service and knowledge of people (generally millennials) working in experiential retail. Where do they get these people? I never encounter this level of engagement and service in traditional stores.
In short, there is reason to be somewhat optimistic about “new” retail and the opportunities it can create for individuals.
Read on below for 3 additional work trends.