Chief
executives in the retail sector earn a base median pay of almost a quarter of a
million pounds a year.
Research
by Mercer Human Resource Consulting reveals that chief executives in the sector
typically earn £230,000 a year, while at the other end of the scale sales
assistants earn £10,650.
The
research shows that average salaries for distribution directors are more than
£100,000 a year.
Buying,
finance, marketing and merchandising directors all earn more than £90,000 a
year. Buying and merchandise managers salaries tend to earn above £50,000 while
brand and store managers earn in excess of £30,000 a year.
Sales
supervisors earn around £15,000 a year.
Almost
all of the 20 retail companies polled operate bonus schemes. Two-thirds of
bonus schemes operated are discretionary or performance based, while the rest
use guaranteed bonuses or profit share schemes.
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The
average turnover rate for sales assistants is 55 per cent. www.mercerhr.com
